The high demand for electricity and its record levels pushed South Korea to raise electricity prices, amid expectations of a deficit in the country, with the start of recovery from the effects of Corona. The government-run Korea Electric Power Corporation…
Continue ReadingOil prices rose, during trading today, Wednesday, and Brent crude jumped above $ 75, affected by data issued by the American Petroleum Institute indicating a significant decrease in US oil inventories. Oil prices rose by more than a dollar to…
Continue ReadingSaad Al-Kaabi says his country does not plan to return to OPEC Qatari Energy Minister Saad Al-Kaabi revealed the reasons behind the rise in global gas prices during this period, and record levels, with the approach of winter. The CEO…
Continue ReadingThe International Energy Agency expects global oil demand to return to pre-Corona levels in 2022, but it has lowered demand estimates this year, while Hurricane Ida caused global supply to decline during August for the first time in 5 months.…
Continue ReadingKuwait reduced the official prices for selling crude oil to Asia for the month of October, by more than the cuts announced by the Saudi Aramco oil company. And a pricing document stated, today, Friday, that Kuwait reduced the official…
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