Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns

    June 7, 2023

    Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere

    June 6, 2023

    Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon

    June 6, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Arab NarrativeArab Narrative
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Arab NarrativeArab Narrative
    Home » Oil prices rise on potential OPEC+ supply cuts
    Business

    Oil prices rise on potential OPEC+ supply cuts

    August 25, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    In response to mounting supply tightness concerns over disruptions in Russian exports, the possibility of major producers cutting output, as well as the partial shutdown of a U.S. refinery, oil prices rose on Thursday. By 0400 GMT, Brent crude was up 59 cents, or 0.6%, at $101.81 a barrel. By comparison, West Texas Intermediate crude rose 42 cents, or 0.4%, to $95.31 a barrel.

    Oil prices rise on potential OPEC+ supply cutsOn Wednesday, both crude oil benchmark contracts touched three-week highs after the Saudi energy minister flagged a possibility, according to Reuters, that the Organization of Petroleum Exporting Countries and its allies, also known as OPEC+, would cut production in a bid to support crude oil prices. Also, discussions on an agreement on Iran’s nuclear program remain stalled, calling into question any resumption of its exports.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    Latest News

    Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns

    June 7, 2023

    Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere

    June 6, 2023

    Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon

    June 6, 2023

    Apple redefines laptop excellence with the thinnest 15-inch MacBook Air

    June 6, 2023

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Ayurveda vs science: Decoding the cold water conundrum

    June 2, 2023

    UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar

    June 2, 2023
    © 2021 Arab Narrative | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.