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Russia fulfills its obligations under the OPEC+ deal and is not ruling out extension of its voluntary reduction of oil exports to October, Russian Deputy Prime Minister Alexander Novak said on Wednesday.
Oil Price Today: Brent crude climbed 61 cents to USD 85.41 a barrel by 0649 GMT, while U.S. West Texas Intermediate crude was at USD 81.88 a barrel, up 63 cents. The September WTI contract expires on Tuesday and the more active October contract gained 56 cents to USD 81.22 a barrel.
Global oil prices experienced an upward surge on Monday, driven by a confluence of factors including dwindling supply from key oil-producing nations and persistent concerns regarding global demand amidst elevated interest rates., , brent crude, oil prices, Organization of the Petroleum Exporting Countries (OPEC), OPEC+, crude exports, refiners
China’s high levels of crude inventories could undermine efforts by OPEC+ to tighten the oil market.
ALBAWABA – Oil prices slipped slightly Wednesday as concerns over sluggish China recovery and the disappointing economic data recently released...