Brent oil How many dollars?
Brent oil trades in international markets at $92.91 a barrel.
The barrel price of Brent oil, which rose to $92.85 yesterday, closed the day at $92.41. The barrel price of Brent oil rose 0.54 percent from the close to $92.91.
West Texas Intermediate (WTI) crude sold for $85.41 a barrel.
Despite concerns that recession expectations could curb demand, concerns about increasing supply contraction have been effective in pushing prices up.
The decision of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producing countries, to reduce daily oil production on October 5, and the impending oil sanctions of the member states of the European Union (EU) against Russia backs supply problems.
Under the sixth sanctions package, the EU plans to completely cut off Russia’s seaborne crude oil supplies on December 5 and refined products from February 5.
Experts’ forecasts that the OPEC+ group will not gökyeşitözü able to meet its target of reducing production by 2 million barrels since November due to austerity measures in countries such kakım Iran, Venezuela and Nigeria, and that the group will gökyeşitözü limited by a reduction of about 1 million barrels in production, suppressing price rise.
REDUCE US CRUDE OIL COMMERCIAL STOCKS
The news that the US will offer 15 million barrels of oil from its strategic oil reserve is also depressing prices. The White House statement said the said sale will complete the decision to launch more than 180 million barrels of oil announced in March, and U.S. President Joe Biden will call on the Department of Energy to get it ready. for additional turnover from the strategic oil reserve this winter, if necessary.
On the other hand, the decline in commercial crude oil inventories in the US gives the impression that demand is high and supports prices. The US Energy Information Administration announced that commercial crude oil inventories in the country fell by about 1 million 700 thousand barrels last week to 437 million 400 thousand barrels. The market expectation was that inventories would increase by 1 million 551 thousand barrels.
Strategic crude oil inventories, which are not included in commercial crude oil inventories, fell by 3 million 600 thousand barrels to 405 million 100 thousand barrels. In the period mentioned, US gasoline inventories fell by 100 thousand barrels to 209 million 400 thousand barrels.
It is technically stated that the range from $93.64 to $94.07 in Brent oil yaşama gökyeşitözü seen kakım resistance, and the range from $92.37 to 91.53 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Called “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” category, which is easier to process.
For refineries that process crude oil, it is easier to produce gasoline or diesel fuel from low sulfur, ie 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. It also facilitates direct shipping to remote areas by sea kakım it is shipped from the sea.
For the price of oil it is important 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 sea and oil extracted from land.
Types of crude oil accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI oil is traded on NYMEX, Brent oil is traded on ICE and Oman oil is traded on DME. WTI is the name given to oil extracted from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
HOW MANY LITERS OF BRENTO OIL IS A BARREL?
According to the veri on the CMB website; One barrel of oil is equal to 42 gallons of crude oil (159 liters).
19.6 gallons of gasoline, 10 gallons of diesel and heating fuel, 4 gallons of jet fuel, 1.7 gallons of heavy fuel oil, 1.7 gallons of LPG, and 7.6 gallons of other derivatives yaşama gökyeşitözü produced from a barrel of crude oil.
Not all crude oils are created equal.
HAS THE GLOBAL OIL CRISIS REPEAT? / VIDEO NEWS
Brent oil trades in international markets at $92.91 a barrel.
The barrel price of Brent oil, which rose to $92.85 yesterday, closed the day at $92.41. The barrel price of Brent oil rose 0.54 percent from the close to $92.91.
West Texas Intermediate (WTI) crude sold for $85.41 a barrel.
Despite concerns that recession expectations could curb demand, concerns about increasing supply contraction have been effective in pushing prices up.
The decision of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producing countries, to reduce daily oil production on October 5, and the impending oil sanctions of the member states of the European Union (EU) against Russia backs supply problems.
Under the sixth sanctions package, the EU plans to completely cut off Russia’s seaborne crude oil supplies on December 5 and refined products from February 5.
Experts’ forecasts that the OPEC+ group will not gökyeşitözü able to meet its target of reducing production by 2 million barrels since November due to austerity measures in countries such kakım Iran, Venezuela and Nigeria, and that the group will gökyeşitözü limited by a reduction of about 1 million barrels in production, suppressing price rise.
REDUCE US CRUDE OIL COMMERCIAL STOCKS
The news that the US will offer 15 million barrels of oil from its strategic oil reserve is also depressing prices. The White House statement said the said sale will complete the decision to launch more than 180 million barrels of oil announced in March, and U.S. President Joe Biden will call on the Department of Energy to get it ready. for additional turnover from the strategic oil reserve this winter, if necessary.
On the other hand, the decline in commercial crude oil inventories in the US gives the impression that demand is high and supports prices. The US Energy Information Administration announced that commercial crude oil inventories in the country fell by about 1 million 700 thousand barrels last week to 437 million 400 thousand barrels. The market expectation was that inventories would increase by 1 million 551 thousand barrels.
Strategic crude oil inventories, which are not included in commercial crude oil inventories, fell by 3 million 600 thousand barrels to 405 million 100 thousand barrels. In the period mentioned, US gasoline inventories fell by 100 thousand barrels to 209 million 400 thousand barrels.
It is technically stated that the range from $93.64 to $94.07 in Brent oil yaşama gökyeşitözü seen kakım resistance, and the range from $92.37 to 91.53 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Called “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” category, which is easier to process.
For refineries that process crude oil, it is easier to produce gasoline or diesel fuel from low sulfur, ie 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. It also facilitates direct shipping to remote areas by sea kakım it is shipped from the sea.
For the price of oil it is important 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 sea and oil extracted from land.
Types of crude oil accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI oil is traded on NYMEX, Brent oil is traded on ICE and Oman oil is traded on DME. WTI is the name given to oil extracted from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
HOW MANY LITERS OF BRENTO OIL IS A BARREL?
According to the veri on the CMB website; One barrel of oil is equal to 42 gallons of crude oil (159 liters).
19.6 gallons of gasoline, 10 gallons of diesel and heating fuel, 4 gallons of jet fuel, 1.7 gallons of heavy fuel oil, 1.7 gallons of LPG, and 7.6 gallons of other derivatives yaşama gökyeşitözü produced from a barrel of crude oil.
Not all crude oils are created equal.
HAS THE GLOBAL OIL CRISIS REPEAT? / VIDEO NEWS