Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's pla...
LONDON - Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia’s plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage.
Brent crude, the global benchmark, rose by 70 cents to $67.28 a barrel at 0958 GMT. U.S. West Texas Intermediate crude added 57 cents to $57.36. Crude has rallied this year after the Organizaton of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, returned to supply cuts as of Jan. 1.
A host of involuntary supply curbs in OPEC members caused by unrest in Libya, and U.S. sanctions on Iran and Venezuela, have also helped to boost prices.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia to cut crude oil exports in April: Saudi officialSaudi Arabia plans to cut its crude oil exports in April to below 7 million barr...
Read more »
Oil gains as Saudi stands by OPEC supply cuts, U.S. rig activity dropsOil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-...
Read more »
Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig countOil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-...
Read more »
Oil rises on OPEC-led supply cuts, but slowing economy restricts gainsOil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying a...
Read more »
Exclusive: Citgo, Valero try to return Venezuelan oil following sanctions: documentThe top U.S. buyers of Venezuelan oil are in the unusual position of trying to r...
Read more »
Venezuelan blackout hits oil exports, residents scramble for foodMuch of Venezuela, including parts of the capital Caracas, remained without powe...
Read more »
U.S. pressing India to stop buying Venezuelan oil: envoyThe United States is pressing India to stop buying Venezuelan oil that is a majo...
Read more »
U.S. presses India to stop buying oil from Venezuela's Maduro: envoyThe United States is pressing India to stop buying oil from Venezuelan President...
Read more »
Russia's sanctioned Rusfincorp to take on Venezuela's PDVSA accounts: sourceThe Russian accounts of Venezuelan companies, including state oil firm PDVSA, wi...
Read more »
Venezuela blackout halts most oil exports, hits crude upgrading: sourcesVenezuelan state-run oil firm PDVSA has been unable to resume crude exports at i...
Read more »