Oil prices and global developments affecting the energy sector.
Homs Fuel Company announced today, Tuesday, June 17, the restart of the 6-inch petroleum products pipeline connecting the warehouses of Homs and Hama after a 14-year shutdown, with a transport capacity of 2600 cubic meters per day.
شهدت أسعار النفط ارتفاعاً ملحوظاً خلال تعاملات يوم الثلاثاء 17 حزيران، بنسبة تقارب 1%، وذلك في ظل تصاعد التوترات الجيوسياسية بالمنطقة، خاصة بعد دعوة الرئيس الأمريكي دونالد ترامب "الجميع" إلى إخلاء طهران
Oil prices witnessed a significant increase during trading on Monday, June 16, driven by escalating tensions between Iran and Israel after exchanging attacks, raising concerns about the widening scope of the conflict.
Fuel markets in Germany witnessed a noticeable increase in gasoline and diesel prices on Saturday, June 14, following the military escalation between Israel and Iran and its impact on global oil prices.
Preliminary data from the South Korean Customs Authority today, Saturday, showed that the country did not import any crude oil from Iran in May.
Global oil markets witnessed a sharp increase at the close of yesterday's session on Friday, June 13, by over 7%, following the military escalation between Iran and Israel, raising concerns among investors.
Minister of Energy, Mohammed Al-Bashir, met today, Thursday, in Damascus, with the Chargé d'Affaires of the Azerbaijani Embassy, Alnur Shah Husainov, to discuss ways to enhance cooperation between the two countries in the field of energy.
Oil prices witnessed a decline during trading on Thursday, June 12, relinquishing the gains made in the early Asian session, amid market focus on the repercussions of the United States' decision.
A delegation from the Qatari group "UCC" visited the Al-Teem electrical facility in Deir ez-Zor today, Wednesday, and inspected the sites of the thermal power stations, the proposed 750-megawatt generation station, and the solar power station site.
Global oil markets witnessed a slight decrease in prices during trading on Wednesday, June 11, as investors assess the implications of the recent trade talks between Washington and Beijing.
Global oil markets witnessed a significant increase in prices during trading on Tuesday, June 10, amid anticipation of the results of the talks between the United States and China, expected to ease trade tensions between the two economic giants.
Oil prices witnessed a decline during today's trading session on Thursday, June 5, affected by the increase in oil inventories in the United States, along with Saudi Arabia's decision to reduce the selling prices of its crude to Asia in the upcoming July.