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Oil prices record $95.66 for Brent and $87.88 for US crude


Today, Thursday, oil prices recorded 95.66 dollars per barrel for the futures contracts for the international standard Brent, and the US West Texas Intermediate crude futures recorded 87.88 dollars per barrel, as prices rose today.

The US strategic oil reserve fell to its lowest level since 1984, recording 401.7 million barrels, and these figures are based on weekly data issued by the Energy Information Administration of the US Department of Energy, according to “Russia Today”.

On October 19, US President Joe Biden announced that the United States will continue to use the strategic reserve, and that the Department of Energy is ready to supply the market with an additional 15 million barrels of oil, to reduce the rise in fuel prices in the country, against the background of high energy prices globally following sanctions against Russia.

Today, Thursday, the International Energy Agency predicted that global emissions of energy-related greenhouse gases will reach their peak in 2025, due to a “deep reorientation” of global energy markets since the start of the Russian-Ukrainian crisis.

The agency added – according to the American “Al-Hurra” channel, that the global energy crisis caused by the Russian military operation in Ukraine, and led to deep and long-term changes that could accelerate the transition to a more sustainable and safe energy system.

For his part, the Executive Director of the Agency, Fatih Birol, explained that energy markets and public policies have changed since the Russian military operation in Ukraine, not only for the present time, but also for decades to come.. He pointed out that some countries are currently seeking to increase or diversify their supplies of oil or gas, namely Two types of fossil fuels with high carbon dioxide emissions, many countries are considering accelerating their transition to clean energies.

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