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Published 2 years ago

Oil Updates — Crude gains; OPEC’s revenue surged in 2021; Petrofac sees modest free cash outflow

Summary by Arab News
Tue, 2022-06-28 12:25 RIYADH: Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the UAE looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns. US West Texas Intermediate crude futures rose $1.8, or 1.6 percent, to $111.36 a barrel by 0644 GMT, extending a 1.8 percent gain in the previous session.

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Oil Updates — Crude gains; OPEC’s revenue surged in 2021; Petrofac sees modest free cash outflow

Tue, 2022-06-28 12:25 RIYADH: Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the UAE looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns. US West Texas Intermediate crude futures rose $1.8, or 1.6 percent, to $111.36 a barrel by 0644 GMT, extending a 1.8 percent gain in the previous session. Brent crude futures climbed $1.9, or 1.7 pe…

2 years ago·Riyadh, Saudi Arabia
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