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Commodities
World Oil

Oil prices climb as OPEC puts further supply cuts on the table

By Saket Sundria and Alex Longley on 3/3/2021 OPEC Secretary-General Mohammad Barkindo (Bloomberg) –Oil climbed ahead of a crucial OPEC+ meeting, as the alliance was expected to agree a coordinated increase in output as the pandemic’s impact on the market recedes. Brent futures rose 1.5%

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Commodities
World Oil

New U.S. sanctions on traders choke Venezuela’s oil exports

By Lucia Kassai on 3/2/2021 Tanker at Venezuelan oil export terminal (Bloomberg) –Venezuela oil exports dropped in February after the U.S. sanctioned key trading houses and individuals that had been propping up exports of the commodity that bankrolls President Nicolas Maduro’s regime. Crude shipments fell

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