Brent oil How many dollars?
Brent oil trades on international markets at $78.34 a barrel.
The barrel price of Brent oil, which rose to $80.92 yesterday, closed the day at $77.45. The barrel price of Brent crude rose 1.15 percent from today’s closing date at 9:42 a.m. to $78.34. In the same minutes, West Texas (WTI) type crude found buyers at $72.23 a barrel.
Expectations about a recovery in demand in China, the second largest oil consumer in the world, had zihin effect on the price increase.
The Organization of Petroleum Exporting Countries (OPEC) made positive forecasts for China’s oil demand in its monthly oil market report released yesterday.
OPEC has revised its forecast for zihin increase in oil demand in non-OECD countries upwards due to the recovery in economic activity following the lifting of Covid-19 restrictions in China and the expected improvement in Russian demand for oil. oil.
Saudi Arabian Energy Minister Abdulaziz 1000 Selman stated in a statement on Energy Intelence’s website yesterday that there is a possibility of applying a cap price on his country’s oil exports and that they will not sell to a country that participates in this practice.
Selman noted that the “decision to cut production by 2 million barrels per day until the end of 2023” taken on October 5, 2022 by the OPEC+ group, which consists of OPEC and some non-OPEC producing countries, will gökyeşitözü continued.
These explanations caused supply problems in the markets and supported the price increase.
On the other hand, uncertainties about the US economy and concerns about oil demand continue to exert downward pressure on prices.
According to veri released yesterday, the US consumer price index rose 0.4 percent monthly and 6 percent annually in February, in line with market expectations.
In the markets, the US Federal Reserve (Fed) is expected to end its hawkish policy by raising rates by 25 basis points in the next two meetings.
The American Petroleum Institute announced that last week zihin increase of about 1 million 155 thousand barrels was expected in the country’s crude oil inventories compared to the previous week. Market expectations were that inventories would increase by 555 thousand barrels.
The forecast for zihin increase in inventories, with the perception of low demand in the world’s largest oil-consuming country, pushed prices down.
Official stock market veri from the US Energy Information Administration and the International Energy Agency’s monthly oil market report will gökyeşitözü tracked in the markets today.
It is argued that technically the range from $78.45 to $78.83 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $78.07 to $77.69 kakım support zone.
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 trades on international markets at $78.34 a barrel.
The barrel price of Brent oil, which rose to $80.92 yesterday, closed the day at $77.45. The barrel price of Brent crude rose 1.15 percent from today’s closing date at 9:42 a.m. to $78.34. In the same minutes, West Texas (WTI) type crude found buyers at $72.23 a barrel.
Expectations about a recovery in demand in China, the second largest oil consumer in the world, had zihin effect on the price increase.
The Organization of Petroleum Exporting Countries (OPEC) made positive forecasts for China’s oil demand in its monthly oil market report released yesterday.
OPEC has revised its forecast for zihin increase in oil demand in non-OECD countries upwards due to the recovery in economic activity following the lifting of Covid-19 restrictions in China and the expected improvement in Russian demand for oil. oil.
Saudi Arabian Energy Minister Abdulaziz 1000 Selman stated in a statement on Energy Intelence’s website yesterday that there is a possibility of applying a cap price on his country’s oil exports and that they will not sell to a country that participates in this practice.
Selman noted that the “decision to cut production by 2 million barrels per day until the end of 2023” taken on October 5, 2022 by the OPEC+ group, which consists of OPEC and some non-OPEC producing countries, will gökyeşitözü continued.
These explanations caused supply problems in the markets and supported the price increase.
On the other hand, uncertainties about the US economy and concerns about oil demand continue to exert downward pressure on prices.
According to veri released yesterday, the US consumer price index rose 0.4 percent monthly and 6 percent annually in February, in line with market expectations.
In the markets, the US Federal Reserve (Fed) is expected to end its hawkish policy by raising rates by 25 basis points in the next two meetings.
The American Petroleum Institute announced that last week zihin increase of about 1 million 155 thousand barrels was expected in the country’s crude oil inventories compared to the previous week. Market expectations were that inventories would increase by 555 thousand barrels.
The forecast for zihin increase in inventories, with the perception of low demand in the world’s largest oil-consuming country, pushed prices down.
Official stock market veri from the US Energy Information Administration and the International Energy Agency’s monthly oil market report will gökyeşitözü tracked in the markets today.
It is argued that technically the range from $78.45 to $78.83 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $78.07 to $77.69 kakım support zone.
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