Info Eco - The Oil Barrel at More than 100 Dollars as Tension Rises in the Middle East
19 Articles
19 Articles
Oil prices rose as the East-West Saudi pipeline continued to break down, and the Houthis attacks on the Kingdom were renewed, raising fears of a widening conflict and disruption of the global oil supply, amid a decline in navigation in the Strait of Hormuz.
The drone attacks on the east-west oil pipeline in Saudi Arabia and the takeover of the Bab El-Manded Strait by the Huthist rebels in Yemen increase the pressure on the price of oil. Brent's barrel of North Lamer trades at $106 this Monday and the US WTI at $102. The closure of the pipeline represents a decrease of 4 million barrels a day and the closure of the Strait of Ormuz blocks 10 million more, inexorably pushing up black gold.
MEF plans to approve this Friday subsidy of up to S/100 monthly for mototaxistasIntegratel: unions support restructuring and propose to preserve labor rightsThe price of oil closed upwards this Monday due to the conflict in the Middle East and the effects on the transportation routes of crude oil that are alternatives to the Strait of Ormuz.At the close of Monday's day, the price of Brent barrel stood at US$105.68, reflecting an increase of 1.02…
Economy: Oil prices rose today Tuesday with continuing concerns about the disruption of supplies, following attacks on the Kingdom ' s energy infrastructure...
Forbes España
The price of Brent oil, of reference in Europe, rose more than 1.6% before the opening of the European Stock Exchanges, to 107.3 dollars per barrel, after the temporary closure of the East-West pipeline of Saudi Arabia and the difficulties of the oil tankers to cross the Strait of Ormuz. On the other hand, the price of [...] The entry The price of the oil continues its escalation: it goes up more than 1.6%, up to 107.4 dollars per barrel appears…
The market's behavior follows new episodes of tension around the Strait of Hormuz and the advance of Yemen's Houthi rebels The post Oil remains above $100 as tension increases in the Middle East appeared first on El Carabobeño.
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