Crude oil prices rose due to limited supply from OPEC Plus resolution. Amid concerns over the number of Covid-19 cases in Europe
Crude oil prices rose due to limited supply from OPEC Plus resolution. Amid concerns over the number of Covid-19 cases in Europe
+ oil priceBrent raw material increased after supplycrude oilStill tight due to the consensus to increase the production rate of the group.OPEC Plus amid the demandoilstill higher in many countries especially the Asian region After reopening measures and economic activities such as Malaysia, Indonesia and India.
+/- US Petroleum Institute of Energy (API) report numbersUS crude inventories At the end of the week of Nov. 12, it was up 0.7 million barrels, less than the market forecast for a gain of 1.4 million barrels.crude oil productionMore than 4.953 million barrels per day (bpd) of shale/shell oil in the Permian Basin are expected in Dec.Covid-19 at 4.913 million barrels per day
– The market is concerned about the demand for oil in Europe. after being usedtravel restrictions especially those who have not receivedCovid-19 vaccine After the number of people infected with COVID-19 Daily in Europe continues to rise. The number of new cases in Europe accounted for more than 60 percent of all new cases worldwide.
gasoline price
increased less than Dubai crude oil price after the supply tends to increase from exports from China and India amidoil demandGasoline in the region remains high.
diesel fuel price
increased more thanDubai crude oil price after the supply is still limited while demand continued to recover following the easing of measures.open cityof many countries
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