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Several OPEC members’ decision to further cut oil supplies adds to the global challenge of reining in firm inflation rates.
OPEC+ has agreed to cut back its production targets by 2 million bpd just five weeks before the US mid-terms.
Oil is Russia’s main source of export earnings, so any sanctions on crude could hurt the Kremlin.
The Yemeni Houthi rebels launched a ballistic missile and drone attack on Saudi energy targets, affecting oil processing rates at a refinery.
Twitter: Offshore Technology lists the top five terms tweeted on oil and gas supply based on GlobalData’s Oil and Gas Influencer Platform.