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Commodities Briefing - Categorized | Oil, Price Watch more

Producers blame politics for high oil price

Posted on 16 September 2013

Asian oil importers looking for more supplies to help dampen rising fuel costs received short shrift from the world’s top producers at a meeting in Seoul this week. A biannual gathering of Asian energy ministers was clearly divided between exporters enjoying bumper revenues on one side and importers on the other struggling to pay for the oil and gas that fuels their economies.
Benchmark Brent crude prices traded near $112 a barrel on Friday, after spiking above $117 late last month on the virtual shutdown of production from Opec producer Libya and the prospect of US military action against Syria………………………………………..Full Article: Source


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