Oil cartel OPEC holds steady as Russia sanctions and China Covid-19 rules roil crude markets | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The Organization of Petroleum Exporting Countries and its allies responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. | News24_Business

As OPEC+ ministers convened their video conference, officials in Shanghai had just eased some of their Covid restrictions, joining other top-tier Chinese cities as authorities accelerate a shift toward reopening the economy after thousands of demonstrators took to the streets.

On Monday, the EU will ban most seaborne imports of Russian crude and block anyone else from using the region’s shipping or insurance services for purchases of Russian oil, unless it’s done so below a $60-a-barrel price cap.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WHO says it still does not have full access to Ethiopia's Tigray - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The World Health Organization said on Friday it still does not have the unfettered access to Ethiopia’s northern Tigray region stipulated in a truce signed a month ago.
Source: SABCNews - 🏆 37. / 51 Read more »

Oil cartel OPEC holds steady as Russia sanctions and China Covid-19 rules roil crude markets | BusinessThe Organization of Petroleum Exporting Countries and its allies responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »