…Nigeria to cut targeted production by 313,000bpd Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week. Brent crude rose as much […]
Tag: Global Oil Prices. US Sanctions Iran
Oil Prices Stable as US Sanctions Against Iran Nears
Oil prices were stable on Monday, partly as a result of supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel, 4 cents below their last close at the […]