Good news for drivers of petrol cars; not so much for diesel drivers. Picture: SUPPLIEDOil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the US and Russian threats of a production cut.
China, the world’s biggest crude oil importer, continued to loosen its strict zero-Covid policy, though streets in the capital Beijing remained quiet and many businesses stayed shut over the weekend. UBS said it believed Brent should recover to above $100 per barrel in the coming months amid supply constraints and rising demand while Opec+ would keep supply tight.
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Business Maverick: Oil rebounds as key pipeline remains shut and China eases curbsOil rebounded as a key North American pipeline remained shut and on the potential boost to demand from the easing of virus curbs in China.
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Turkey oil tanker logjam snarls Russia oil sanctions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday. Bravo!!! 🇹🇷 👏 let POTUS stress a bit! Christmas is fast approaching, Never depend on your monthly salary,I never knew I would be earning much trading online with the help of AmelieLemaire0
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Ukraine attacks occupied Melitopol, Russian side says two killed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ukraine attacked occupied Melitopol in the country’s southeast on Saturday evening, the Russian-installed and exiled Ukrainian authorities of the strategically located city said.
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