By Noah Browning LONDON (Reuters) – Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela’s crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before. “The blackouts are an additional challenge for Venezuela’s […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption. International benchmark Brent futures were at $70.76 per barrel at 0652 GMT, up 15 […]
