The Commodities Feed: Oil supply risks linger

  • Date: 07-Jan-2022
  • Source: MENAFN
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

The Commodities Feed: Oil supply risks linger






























(MENAFN- ING) Energy

Oil prices continue to edge higher on the back of supply concerns. WTI briefly traded above US$80/bbl for the first time since mid-November, whilst Brent managed to break above US$82/bbl. In North America, freezing conditions have disrupted crude oil flows. Oil production in Alberta, Canada, has reportedly slowed due to extremely cold conditions. The 590Mbbls/d Keystone