Saudi Arabia and Russia's extended crude oil supply cuts had limited price impact, indicating investor concerns over demand – analysts
Several statements that many countries, including the US, would maintain strict monetary policies, concerns that China's post-pandemic recovery is not progressing at the expec ted pace and uncertainty regarding Beijing’s oil consumption continue to feed negative market sentiment.
The Brent oil price closed at $74.65 per barrel, down 0.33 percent on Monday after Saudi Arabia and Russia confirmed their decision to cut production. Brent ended the week at $78.17 with a 4 percent gain. According to the International Monetary Fund, Saudi Arabia requires Brent crude to trade at roughly $81 to balance its budget.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NYC billboard calls out Saudi Arabia for 'sportswashing' and 9/11 connectionThe billboard located at Broadway and West 43rd Street, publicly condemns Saudi Arabia for being behind the 9/11 attacks and calls the deal with professional golf 'sportswashing'.
Leer más »
U.N. report calls on Saudi Arabia to release 2 women jailed over tweets, alleging rights abusesU.N. human rights experts on Friday called for the release of two Saudi Arabian women they say were arbitrarily detained and denied basic rights after tweeting criticism of the kingdom's policies.
Leer más »
Exclusive: IAEA chief Grossi hints at discord among Fukushima report expertsThe head of the U.N.'s nuclear watchdog said on Friday that one or two of the team of international experts behind its report greenlighting Japan's release of treated radioactive water from the crippled Fukushima plant may have had concerns.
Leer más »
Experts reverse early forecasts, now call for active hurricane seasonAfter seven consecutive above-average hurricane seasons, some meteorologists are now upping their forecasts for the 2023 Atlantic season, expecting increased odds of above-average activity.
Leer más »
How To Prevent Swamp Crotch This Summer, According To Medical ExpertsIt happens to us all, but does it have to?
Leer más »