It is unlikely that the bullish sentiment currently driving oil markets can be sustained over a prolonged period, but Middle Eastern producers are determined to make the most over higher prices while they last. On the back of ballistic missile attacks on Saudi infrastructure and OPEC+ quota roll-overs, the global benchmark Brent surpassed the key threshold of $70 per barrel for the first time in more than a year. Concurrently, backwardation steepened even further, with a solid $7 USD difference between April 2021-April 2022 contracts. Against such…
Hence then, the article about how middle east producers are pricing their oil was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( How Middle East Producers Are Pricing Their Oil )