Brent oil is traded on international markets at $84.59 a barrel.
The barrel price of Brent oil, which rose to $85.50 on Friday, closed the day at $85.28.
West Texas Intermediate (WTI) crude oil sold for $79.23 a barrel.
Uncertainty in the markets ahead of the outlook for oil demand and economic veri to gökyeşitözü released this week contributed to the fall in prices.
Markets focused on the Organization of the Petroleum Exporting Countries (OPEC) monthly oil market report due tomorrow and the International Energy Agency (IEA) on Wednesday. Global oil demand forecasts from OPEC and IEA are expected in light of China’s economic recovery.
In addition, market concerns remain high that rising cases of Covid-19 in China, the world’s largest oil importer, could slow economic recovery.
While the Beijing government stopped reporting the number of cases after the lockdown was lifted early last month, health officials in several metropolitan and state states in the country are reporting that the majority of the population is already infected.
It is argued that technically the range from $84.64 to $84.77 in Brent oil yaşama gökyeşitözü followed kakım resistance and the range from $84.51 to $84.38 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 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.
BRENT OIL 10-YEAR CHART
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 oil, which rose to $85.50 on Friday, closed the day at $85.28.
West Texas Intermediate (WTI) crude oil sold for $79.23 a barrel.
Uncertainty in the markets ahead of the outlook for oil demand and economic veri to gökyeşitözü released this week contributed to the fall in prices.
Markets focused on the Organization of the Petroleum Exporting Countries (OPEC) monthly oil market report due tomorrow and the International Energy Agency (IEA) on Wednesday. Global oil demand forecasts from OPEC and IEA are expected in light of China’s economic recovery.
In addition, market concerns remain high that rising cases of Covid-19 in China, the world’s largest oil importer, could slow economic recovery.
While the Beijing government stopped reporting the number of cases after the lockdown was lifted early last month, health officials in several metropolitan and state states in the country are reporting that the majority of the population is already infected.
It is argued that technically the range from $84.64 to $84.77 in Brent oil yaşama gökyeşitözü followed kakım resistance and the range from $84.51 to $84.38 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 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.
BRENT OIL 10-YEAR CHART
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