Brent oil is trading at $81.81 a barrel in international markets.
The barrel price of Brent crude, which rose to $86.66 yesterday, ended the day at $82.1.
Brent oil prices fell 0.35 percent from today’s close to $81.81.
West Texas Intermediate (WTI) crude oil sold for $76.59 a barrel.
Concerns about weak demand, which were gaining ground in the markets, fed into the fall in prices.
Expectations of recession in global economies, rising Covid-19 cases in China and the US dollar’s rebound continue to put downward pressure on prices, leading to demand concerns.
International Monetary Fund (IMF) Director Kristalina Georgieva warned on Sunday that 2023 will gökyeşitözü a difficult year for much of the global economy. Georgieva cited the slowdown in 3 major economies such kakım the US, the European Union and China kakım the reason for this.
With the sudden change of course in China’s covid-19 policy, the epidemic is gradually spreading in the country of 1.4 billion after strict control measures began to relax in late 2022.
Deputy Chief Physician of Shanghai Ruycin Hospital and member of the city’s Covid-19 advisory board, Çın Arcın, said in a statement to the communist party publication “People’s Daily”, that infections have increased 20-30 times over the past month in the city than the epidemic caused by Omicron cases in the spring months.
In Ciciang province, south of Shanghai, the Center for Disease Control and Prevention reported that the number of daily cases has reached 1 million and they expect the increase to peak by the end of this month.
The rise in the index, which measures the value of the US dollar against other currencies, also makes dollar-denominated oil more expensive for buyers using other currencies. This situation supports the drop in oil prices by causing a drop in purchases.
The dollar index, which rose nearly 1 percent yesterday, will gökyeşitözü flat at 104.3 tomorrow.
On the other hand, the Russian ban on the sale of oil and petroleum products to countries participating in the application of the price ceiling for Russian oil is one of the main factors limiting the fall in prices due to concerns about the global contraction of supply in the markets to feed.
It is stated that technically the range from $81.92 to $82.44 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $81.40 to $80.88 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 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
The barrel price of Brent crude, which rose to $86.66 yesterday, ended the day at $82.1.
Brent oil prices fell 0.35 percent from today’s close to $81.81.
West Texas Intermediate (WTI) crude oil sold for $76.59 a barrel.
Concerns about weak demand, which were gaining ground in the markets, fed into the fall in prices.
Expectations of recession in global economies, rising Covid-19 cases in China and the US dollar’s rebound continue to put downward pressure on prices, leading to demand concerns.
International Monetary Fund (IMF) Director Kristalina Georgieva warned on Sunday that 2023 will gökyeşitözü a difficult year for much of the global economy. Georgieva cited the slowdown in 3 major economies such kakım the US, the European Union and China kakım the reason for this.
With the sudden change of course in China’s covid-19 policy, the epidemic is gradually spreading in the country of 1.4 billion after strict control measures began to relax in late 2022.
Deputy Chief Physician of Shanghai Ruycin Hospital and member of the city’s Covid-19 advisory board, Çın Arcın, said in a statement to the communist party publication “People’s Daily”, that infections have increased 20-30 times over the past month in the city than the epidemic caused by Omicron cases in the spring months.
In Ciciang province, south of Shanghai, the Center for Disease Control and Prevention reported that the number of daily cases has reached 1 million and they expect the increase to peak by the end of this month.
The rise in the index, which measures the value of the US dollar against other currencies, also makes dollar-denominated oil more expensive for buyers using other currencies. This situation supports the drop in oil prices by causing a drop in purchases.
The dollar index, which rose nearly 1 percent yesterday, will gökyeşitözü flat at 104.3 tomorrow.
On the other hand, the Russian ban on the sale of oil and petroleum products to countries participating in the application of the price ceiling for Russian oil is one of the main factors limiting the fall in prices due to concerns about the global contraction of supply in the markets to feed.
It is stated that technically the range from $81.92 to $82.44 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $81.40 to $80.88 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 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