Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 28/05/2022 18:54 
24.01.2022 10:42 News >> Oil Up Over Supply Tightness Amid Tensions In Eastern Europe, Middle East

Oil Up Over Supply Tightness Amid Tensions In Eastern Europe, Middle East

US officially orders “departure of eligible family members” of staff at its embassy in Kyiv.

Oil prices were up on Monday, as tensions in Eastern Europe and the Middle East fueled supply worries in an already-tight market due to the failure of the OPEC+ group to meet its collective output target.
International benchmark Brent crude was trading at $87.82 per barrel at 0555 GMT for a 0.85% increase after closing the previous session at $87.08 a barrel.
American benchmark West Texas Intermediate (WTI) was at $85.83 per barrel at the same time for a 0.81% rise after trade in the previous session ended at $85.14 a barrel.
The US on Sunday officially ordered the "departure of eligible family members" of staff at its embassy in Kyiv, Ukraine amid ongoing tensions between Ukraine and Russia.
The security situation around "Ukraine's borders, in Russia-occupied Crimea, and Russia-controlled eastern Ukraine are unpredictable and can deteriorate with little notice," said the statement, adding there are reports that Russia is planning "significant military action against Ukraine."
Meanwhile, two foreigners were injured after Houthi rebels fired a ballistic missile that landed in southwestern Saudi Arabia, the Saudi-led coalition fighting in Yemen said Sunday.
The Arab League on Sunday called for classifying Yemen's Houthi rebel group as a terrorist organization.
Global oil markets have seen negative market sentiments from these geopolitical tensions, coupled with the failure of OPEC producers to meet their monthly "as under the OPEC+ deal with Russia and its allies to add 400,000 barrels per day.
Additionally, the oil rig count in the US fell last week, adding to supply worries during the winter heating season. According to the latest data released by oilfield services company Baker Hughes on Friday, the number of oil rigs, an indicator of short-term production in the country, decreased by 1 to 491 for the week ending Jan. 21 from 492 the previous week. -



        Latest News
US' Biggest Gun Lobby Gathers In Houston Days After Texas School Shooting 15 minutes ago...
National Rifle Association holds annual convention 3 days after 19 students and 2 teachers killed by teenage gunman.
Tunisia Issues Travel Ban On Ennahda Leader 15 minutes ago...
Ban issued in connection with 2013 assassination of two opposition figures.
'Turkiye, Azerbaijan Share Strategic Alliance Under Shusha Declaration' 45 minutes ago...
Turkiye strongly supports Azerbaijan's efforts to establish lasting peace with Armenia, President Erdogan says at Teknofest in capital Baku.
Tunisia Calls For Solving Libyan Crisis Via Dialogue 0 minutes ago...
Tunisian foreign minister meets head of Libya’s Presidency Council in Equatorial Guinea.
Suspected ADF Rebels Kill 21 In Democratic Republic Of Congo 15 minutes ago...
Latest violence comes amid tensions between DR Congo and Rwanda over M23, another rebel group.

 
      Top News
May 28 One Of Brightest Pages Of Azerbaijan's History: Ambassador May 28 One Of Brightest Pages Of Azerbaijan's History: Ambassador
Turkish Parliament Speaker Marks Azerbaijan's Republic Day Turkish Parliament Speaker Marks Azerbaijan's Republic Day
Tunisia's Ennahda Denies Reports Of Travel Ban On Its Leader Tunisia's Ennahda Denies Reports Of Travel Ban On Its Leader
Azerbaijani President Receives Turkish National Defense Minister In Baku Azerbaijani President Receives Turkish National Defense Minister In Baku
US Stocks End Higher; Nasdaq Soars 3.33% US Stocks End Higher; Nasdaq Soars 3.33%
Scientists Sequence Genetic Profile Of Pompeian For 1St Time Scientists Sequence Genetic Profile Of Pompeian For 1St Time
Turkish President, Austrian Chancellor Discuss Ukraine-Russia War Turkish President, Austrian Chancellor Discuss Ukraine-Russia War
Poland Adopts Bill To Drop EU-Criticized Judicial Disciplinary Chamber Poland Adopts Bill To Drop EU-Criticized Judicial Disciplinary Chamber
African Human Capital Discussed At Istanbul Media Summit African Human Capital Discussed At Istanbul Media Summit
China 'Undermining' Global Order As US Seeks Cooperation: Top Diplomat China 'Undermining' Global Order As US Seeks Cooperation: Top Diplomat