THE price of crude oil remains in backwardation as traders focus on how and when barrels can move through the choked Strait of Hormuz.
With a world hungry for barrels, the United Arab Emirates (UAE) has quit the Organisation of the Petroleum Exporting Countries (Opec) and the wider Opec+ group of major oil producers, effective this month.
Already a subscriber? Log in
5.5 PAYDAY OFFER: 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
