Decline in oil stocks, US sanctions and hurricane all work to boost oil prices

Three factors are sending the oil price up.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
by ritzau

Prices on both Brent and WTI oil are skyrocketing, helped along by declining US oil stocks and US sanctions on Iranian oil exports which take effect in November.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading

Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

Nordex deficit doubles in 2022

For subscribers