Marginal increase: OPEC+ eye modest supply boost as demand dented by China Covid rules


Source: rtl.lu rtl.lu

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Russia's invasion has added to supply concerns, which have increased with the announcement of European moves on a Russian oil embargo / © AFP OPEC+ members meeting on Thursday are expected to agree a marginal increase in oil production, bolstered by risks to demand amid coronavirus restrictions in China. Russia's invasion of Ukraine has also added to supply concerns, which have increased with Europe's announced moves on a potential Russian oil embargo. Prices soared on Wednesday, with Brent North Sea crude closing above $110 a barrel, its highest level in two-and-a-half weeks. At around 0945 GMT on Thursday, Brent stood...