WTI renews yearly low as Coronavirus woes join fears of higher supplies, oil price cap – by anilpanchal7 Oil OPEC RussianFederation Coronavirus WTI
and, during early Monday. In doing so, the black gold also portrays the market’s fears of witnessing a limit on Russian oil prices.
Elsewhere, Iraq's state news agency quoted Saadoun Mohsen, a senior official at the country's state oil marketer , as saying on Saturday that the nation plans to add a total of 1 million to 1.5 million barrels a day by 2025, per Bloomberg. “Export capacity from southern ports is due to increase between 150,000-250,000 barrels a day from next year,” mentioned the news.
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