Are oil prices heading to $100 this summer as a global shortage takes hold?
Monday, 8 April 2024 () Mexico's decision to reduce its crude exports is intensifying a worldwide oil supply constraint, affecting refineries in the United States, the globe's leading oil producer. This situation has led to an increased reliance on domestic oil supplies. The scenario is further aggravated by American sanctions that have left Russian oil cargoes stranded, with the potential for Venezuelan supplies to face similar challenges.
Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region. The global benchmark, Brent crude,..
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle..
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to..
Credit: Wibbitz Top Stories Duration: 01:31Published
Monday, 8 April 2024 ()
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