Oil Up Again On OPEC Disappointment As $150 Prices Are Forecast
Ship & Bunker
June 03, 2022
Who was cited:
Fereidun Fesharaki, Chairman FGE
Negative fallout from the Organization of the Petroleum Exporting Countries' (OPEC) plan to minimally increase output continued on Friday and this combined with expectations of an even tighter market as China eases its Covid lockdowns caused oil prices to rise by almost 2 percent.