Brent oil How many dollars?
Brent oil is traded on international markets at $75.10 a barrel.
The barrel price of Brent crude, which rose to $75.50 yesterday, closed the day at $74.70. The barrel price of Brent crude rose 0.53 percent from today’s close to $75.10. West Texas Intermediate (WTI) crude was selling for $68.69 a barrel.
Market players, wanting to benefit from falling prices due to the negative developments in the banking sector that started with the US, are effectively responding to the price increase by pricing in demand from China.
The Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) made positive forecasts for China’s oil demand in their monthly oil market reports released this week.
Forecasts for the increase in global oil demand were revised upwards on expectations of a rebound in economic activity following the lifting of Covid-19 restrictions in China.
The news flow that Saudi Arabian and Russian officials are meeting to evaluate developments in the market and agree to cut production if necessary also supports prices.
According to the news from the Saudi Arabian official agency SPA, Saudi Arabian Energy Minister Abdulaziz 1000 Salman and Russian Deputy Prime Minister Aleksandr Novak met in the capital Riyadh.
During the meeting, Minister Bin Salman and Deputy Prime Minister of Russia Novak stressed their countries’ commitment to the OPEC+ group’s decision in October 2022, which provides for a production cut of two million barrels per day until the end of 2023.
The next meeting of the OPEC+ group, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producing countries, will take place on April 3 for the production policy of the next period.
On the other hand, US banking problems and concerns about global interest rates continue to weigh on prices.
It is argued that technically the range from $75.44 to $75.72 in Brent oil yaşama gökyeşitözü viewed kakım resistance, and the range from $74.66 to $74.16 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 process.
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 $75.10 a barrel.
The barrel price of Brent crude, which rose to $75.50 yesterday, closed the day at $74.70. The barrel price of Brent crude rose 0.53 percent from today’s close to $75.10. West Texas Intermediate (WTI) crude was selling for $68.69 a barrel.
Market players, wanting to benefit from falling prices due to the negative developments in the banking sector that started with the US, are effectively responding to the price increase by pricing in demand from China.
The Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) made positive forecasts for China’s oil demand in their monthly oil market reports released this week.
Forecasts for the increase in global oil demand were revised upwards on expectations of a rebound in economic activity following the lifting of Covid-19 restrictions in China.
The news flow that Saudi Arabian and Russian officials are meeting to evaluate developments in the market and agree to cut production if necessary also supports prices.
According to the news from the Saudi Arabian official agency SPA, Saudi Arabian Energy Minister Abdulaziz 1000 Salman and Russian Deputy Prime Minister Aleksandr Novak met in the capital Riyadh.
During the meeting, Minister Bin Salman and Deputy Prime Minister of Russia Novak stressed their countries’ commitment to the OPEC+ group’s decision in October 2022, which provides for a production cut of two million barrels per day until the end of 2023.
The next meeting of the OPEC+ group, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producing countries, will take place on April 3 for the production policy of the next period.
On the other hand, US banking problems and concerns about global interest rates continue to weigh on prices.
It is argued that technically the range from $75.44 to $75.72 in Brent oil yaşama gökyeşitözü viewed kakım resistance, and the range from $74.66 to $74.16 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 process.
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