Central Africa Blames Fuel Shortage on Supply Disruptions, Smuggling globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
DECEMBER 14 So far, Israel’s war in Gaza hasn’t greatly disrupted global supply chains. But the situation could quickly shift along many fault lines Contrary to some.
International Business News: Iron ore futures extended gains for a second session on Tuesday, as sentiment was boosted by Beijing's latest support to the property sector and linge
Despite the ongoing output cut by Saudi Arabia and other members of OPEC plus countries, oil output from the cartel has risen for the third straight month in October. This was due to increased production from Nigeria and Angola. Small members in the group have also contributed by managing to overcome factors affecting output and supply. As per the Reuters report, the group pumped 27.90 million bpd in September, with an increase of 180,000 barrels per day.
Oil: Brent crude futures for January were up 40 cents, or 0.5%, at $80.41 a barrel at 0729 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $76.04, up 30 cents, or 0.4%. Brent futures are down 5.7% this week while WTI has declined 5.9% since last week. The three weeks of declines are the longest weekly losing streak for both contracts since a four-week drop from mid-April to early May.