Middle East Producers Eager To Hike Prices As Russian Oil Ban Looms ...Middle East

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Middle East Producers Eager To Hike Prices As Russian Oil Ban Looms
source : OILPRICE ( Middle East ) () 7
The volatility that we have seen in the oil markets over March will most certainly become part of history books. In the same month that saw OPEC production decline for the first time in more than a year (primarily because of Iraq), the idea of banning Russian crude became a wholly realistic scenario, spearheaded by the US going for a full-blown sanctions package. What might have set the stage for the steepest monthly increase in outright prices was eventually cooled down China going down with coronavirus lockdowns which started off as a largely…

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