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Oil: Stay updated on the latest oil industry news, trends, and analysis on JMN.info’s ‘Oil’ section. Explore insights shaping the global energy market.

The price of OPEC oil basket increased slightly

The price of OPEC oil basket on Tuesday, June 28, rose $0.14, or 0.31%, to $44,46 per barrel, whereas in the previous trading day it was $44,32 a barrel, the materials on the website of the cartel. The term “basket” of OPEC (OPEC Reference Basket of Mar) was officially introduced …

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Why is gasoline more expensive, when oil prices fall

We, the citizens of the “country gas station”, there is quite a strong opinion that if the world price of a barrel of a certain brand decreases, then at the pump we should also see a steady decline in prices. I often hear the outrage about this, so I decided …

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Middle East oil Germany not got

On the eve of the attack of the fascist aggressors in the USSR, they planned to seize the major oil fields of the Middle East – in Iraq, Saudi Arabia, Kuwait and the UK. “Gas station” of the Third Reich and its puppets was Romania. Synthetic (coal) oil were produced …

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Oil prices are falling, Brent crude stays above $48 a barrel

World prices for “black gold” on Monday morning, reduced in electronic trading on the London and new York exchanges. Futures for oil Brent with delivery in August on London’s ICE Futures exchange slipped by 0.27% to $of 48.28 per barrel. August futures on light crude oil WTI on the new …

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The smart money is put on the collapse of oil

The results of the referendum in the UK, according to preliminary surveys, are leading supporters of leaving the EU. Against this background, falling almost all risky assets. In particular, oil prices fall by 5%. It seems that the big players are counting on such movements in oil prices. In the …

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