Brent oil How many dollars?
Brent oil is traded on international markets at $86.78 a barrel.
The barrel price of Brent crude, which rose to $85.92 yesterday, ended the day at $86.82. The price of Brent crude rose 1 percent from its closing date at 9:28 a.m. today to $86.78. In the same minutes, West Texas (WTI) type crude found buyers at $81.41 a barrel.
Optimism that economic activity and demand for oil will pick up in China, where the strict Covid-19 measures were lifted, fed into the price increase.
Speaking at the World Economic Forum yesterday in Davos, Switzerland, China’s Vice Premier for Economics, Liu Hı, stressed that life and production in the country have returned to normal following the lifting of the Covid-19 pandemic. 19 measures, and drew zihin optimistic picture for the Chinese economy in 2023.
While stating that they foresee zihin increase in imports, business investment and household spending in the new year, Liu also stated that China will maintain its policy of openness and market economy.
According to veri released yesterday, China’s economy posted annual growth of 3 percent in 2022, the second lowest annual growth rate since 1976, below the government’s target of about 5.5 percent.
However, industrial production in the country beat expectations with zihin annual increase of 1.3 percent in December, while retail sales fell less than expected by 1.8 percent over the same period.
On the other hand, the Organization of Petroleum Exporting Countries (OPEC) kept its forecast for the increase in global oil demand for this year constant. According to OPEC’s monthly oil market report, global oil demand is expected to reach about 101 million 770 thousand barrels this year, zihin increase of 2 million 220 thousand barrels per day compared to last year.
It is believed that the expected economic recovery in China, where the Covid-19 restrictions were lifted, will gökyeşitözü effective in this increase.
Today, the veri from the International Energy Agency on the oil market will gökyeşitözü published.
It is argued that technically the range from $87.16 to $87.66 in Brent oil yaşama gökyeşitözü viewed kakım resistance, and the range from $86.66 to $86.16 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.
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
Brent oil is traded on international markets at $86.78 a barrel.
The barrel price of Brent crude, which rose to $85.92 yesterday, ended the day at $86.82. The price of Brent crude rose 1 percent from its closing date at 9:28 a.m. today to $86.78. In the same minutes, West Texas (WTI) type crude found buyers at $81.41 a barrel.
Optimism that economic activity and demand for oil will pick up in China, where the strict Covid-19 measures were lifted, fed into the price increase.
Speaking at the World Economic Forum yesterday in Davos, Switzerland, China’s Vice Premier for Economics, Liu Hı, stressed that life and production in the country have returned to normal following the lifting of the Covid-19 pandemic. 19 measures, and drew zihin optimistic picture for the Chinese economy in 2023.
While stating that they foresee zihin increase in imports, business investment and household spending in the new year, Liu also stated that China will maintain its policy of openness and market economy.
According to veri released yesterday, China’s economy posted annual growth of 3 percent in 2022, the second lowest annual growth rate since 1976, below the government’s target of about 5.5 percent.
However, industrial production in the country beat expectations with zihin annual increase of 1.3 percent in December, while retail sales fell less than expected by 1.8 percent over the same period.
On the other hand, the Organization of Petroleum Exporting Countries (OPEC) kept its forecast for the increase in global oil demand for this year constant. According to OPEC’s monthly oil market report, global oil demand is expected to reach about 101 million 770 thousand barrels this year, zihin increase of 2 million 220 thousand barrels per day compared to last year.
It is believed that the expected economic recovery in China, where the Covid-19 restrictions were lifted, will gökyeşitözü effective in this increase.
Today, the veri from the International Energy Agency on the oil market will gökyeşitözü published.
It is argued that technically the range from $87.16 to $87.66 in Brent oil yaşama gökyeşitözü viewed kakım resistance, and the range from $86.66 to $86.16 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.
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