Money Talks

Market Movers: Oil supply shocks

This week, Libya's National Oil Corporation shut down operations at its El Sharara oilfield, because of protests at the site. It's one of the largest fields in the oil-rich country, accounting for nearly one-third of Libya's production. In a global oil environment that's already overheated, this supply shock caused the price of crude to rise further. Also, geopolitical tensions will likely move oil prices in only one direction, and that is upward. Easing lockdowns in China are supporting the price of crude, which has hovered around a 14-year peak. #OilDemand #OilPrices #LibyaOilFieldShutdown

OPEC agrees to cut oil supplies | Money Talks

OPEC agrees to cut oil supplies | Money Talks

US sanctions on Iran threaten India’s oil supply | Money Talks

US sanctions on Iran threaten India’s oil supply | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

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