Oil prices increased on Thursday on expectations that Russia will cut its oil exports more than previously announced. International benchmark Brent crude traded at $80.79 per barrel at 9:35 a.m. lo…
Oil prices increased on Thursday on expectations that Russia will cut its oil exports more than previously announced.
At the same time, American benchmark West Texas Intermediate traded at $74.14 per barrel, a 0.26 percent rise after the previous session closed at $73.95 a barrel.Russia is expected to cut oil production by 500,000 barrels per day in March, but reports indicate that the country may cut supply even further.
The OPEC+ group also plans to reduce its oil production targets by 2 million barrels a day until the end of 2023, further limiting available oil supply globally.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diesel forecast to lead oil price cuts next weekDomestic pump prices may go down by as much as P1.70 per liter next week to reflect the movement of
Read more »
Hefty oil price rollback seen next weekOil companies may implement a big-time rollback in pump prices next week, according to industry sources. A source said the price of diesel might decrease by P1.40 to P1.70 per liter and gasoline
Read more »
Dubai housing boom buoyed by Russian buyers, burdens tenantsBy Sahar Al Attar DUBAI, United Arab Emirates—With rents soaring and properties selling fast, the expatriate hub of Dubai is
Read more »
In Italy, Starbucks offers a spoonful of olive oil with its coffeeStarbucks has launched a new drink that mixes coffee with olive oil, offering an alternative to the more standard espresso or cappuccino
Read more »
Australia quietly expels major Russian spy ring, report says | Associated PressCANBERRA, Australia—Australia has quietly expelled a large Russian spy ring whose members were posing as diplomats, a newspaper reported Friday after Australia’s main security agency revealed a major counterespionage success. The spy ring comprised purported embassy and consular staff as well as other operatives using deep-cover identities, The Sydney Morning…
Read more »