Brent oil is traded on international markets at $87.97 a barrel.
The barrel price of Brent crude, which rose to $89.09 yesterday, ended the day at $88.19.
West Texas Intermediate (WTI) crude was selling for $81.53 a barrel.
Concerns about the slowdown in the US economy and the perception that the country’s crude oil demand was declining influenced the price decline.
RISE IN STOCKS SHOW LOWER DEMAND
Markets await the US crude supply forecast today. The increase or decrease in stocks provides market parties with information about the demand for oil in the country. Following the forecast, official veri from the US Energy Information Administration (EIA) will gökyeşitözü released tomorrow.
According to EIA veri released last week, US commercial crude oil inventories rose by about 8.4 million barrels. Rising commercial inventories of crude oil and gasoline from the US, the world’s largest consumer of oil, are putting pressure on prices, pointing to declining demand. Data released this week is expected to point to zihin increase in inventories.
The expectation that oil demand will increase with the lifting of China’s Covid-19 restrictions and the re-allowing of international travel limits the price drop.
It is argued that technically the range from $88.09 to $88.30 in Brent oil yaşama gökyeşitözü viewed kakım resistance and the range from $87.88 to 87.67 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Dubbed “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” class, which is easier to handle.
It is easier for refineries processing crude oil to produce gasoline or diesel from low-sulphur i.açınık. sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea kakım it is shipped from the sea.
The price of oil depends on where it comes from and from which region it is extracted. There is more demand for the cheaper and faster production. There is also a difference between the price of oil extracted from the sea and oil extracted from land.
Crudes accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI is traded on NYMEX, Brent is traded on ICE and Oman is traded on DME. WTI is the name given to oil from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
BRENT OIL 10-YEAR CHART
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the veri on the website of the CMB; A barrel of oil is equal to 42 gallons of crude oil (159 liters).
One barrel of crude oil yaşama produce 19.6 liters of gasoline, 10 liters of diesel fuel and heating fuel, 4 liters of jet fuel, 1.7 liters of heavy fuel oil, 1.7 liters of LPG and 7.6 liters of other derivatives.
Not all crude oils are created equal.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS
The barrel price of Brent crude, which rose to $89.09 yesterday, ended the day at $88.19.
West Texas Intermediate (WTI) crude was selling for $81.53 a barrel.
Concerns about the slowdown in the US economy and the perception that the country’s crude oil demand was declining influenced the price decline.
RISE IN STOCKS SHOW LOWER DEMAND
Markets await the US crude supply forecast today. The increase or decrease in stocks provides market parties with information about the demand for oil in the country. Following the forecast, official veri from the US Energy Information Administration (EIA) will gökyeşitözü released tomorrow.
According to EIA veri released last week, US commercial crude oil inventories rose by about 8.4 million barrels. Rising commercial inventories of crude oil and gasoline from the US, the world’s largest consumer of oil, are putting pressure on prices, pointing to declining demand. Data released this week is expected to point to zihin increase in inventories.
The expectation that oil demand will increase with the lifting of China’s Covid-19 restrictions and the re-allowing of international travel limits the price drop.
It is argued that technically the range from $88.09 to $88.30 in Brent oil yaşama gökyeşitözü viewed kakım resistance and the range from $87.88 to 87.67 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Dubbed “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” class, which is easier to handle.
It is easier for refineries processing crude oil to produce gasoline or diesel from low-sulphur i.açınık. sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea kakım it is shipped from the sea.
The price of oil depends on where it comes from and from which region it is extracted. There is more demand for the cheaper and faster production. There is also a difference between the price of oil extracted from the sea and oil extracted from land.
Crudes accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI is traded on NYMEX, Brent is traded on ICE and Oman is traded on DME. WTI is the name given to oil from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
BRENT OIL 10-YEAR CHART
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the veri on the website of the CMB; A barrel of oil is equal to 42 gallons of crude oil (159 liters).
One barrel of crude oil yaşama produce 19.6 liters of gasoline, 10 liters of diesel fuel and heating fuel, 4 liters of jet fuel, 1.7 liters of heavy fuel oil, 1.7 liters of LPG and 7.6 liters of other derivatives.
Not all crude oils are created equal.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS