Sanctions, OPEC cuts push Asia’s sour crude oil prices above Brent

Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said.

…read more

Read more here: Sanctions, OPEC cuts push Asia’s sour crude oil prices above Brent

Category: businessNews

Leave a Reply

%d bloggers like this: