U.S. crude benchmark WTI settled at 88.81 dollars a barrel on the last day of August, losing 6.08 dollars or 6.41 percent compared to month beginning. In London, Brent crude closed the month at 114.85 dollars a barrel, dropping 1.96 dollars or 1.68 percent after a 4.4-percent rise in July. According to analysts, after the choppy August, crude prices would continue to see volatility given lack of confidence after the first-ever U.S. credit rating downgrade, double-dip recession threat, lingering European debt crisis and uncertainties in Libya in a post-Gaddafi era.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:21 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:01 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:32 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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