OPEC+ production cuts drive up sour crude oil price around the world

OPEC+ production cuts drive up sour crude oil price around the world
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25.09.2023

Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with sweet crude oils, reversing typical price relationships.

Full article at eia.gov

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