Crude breaks in hopes of increasing supply from Iran and Venezuela ...
- Like the Organization of the Petroleum Exporting Countries (OPEC), the Consumer States are now in the process of forming an organization! The recent unprecedented jump in the price of Crew Detail has stunned world market veterans and big players as well as fund managers. The impact of the war between Russia and Ukraine on the crude market has been significant. However, even before the war, crude oil prices were seen rising globally and since then, the recent war effect has given rise to such a boom, according to world market sources. Russia ranks second only to Saudi Arabia in terms of crude oil exports to the world market. In such an environment, the price of Brent crude oil in the world market soared to ૩૯ 15 to ૪ 120 a barrel and the market rushed to set a new record. Crude prices soared to a 15-year high. Earlier, crude oil prices jumped above ૪૫ 15 a barrel in 2008, which was an all-time high, and in the recent boom, although the market has not yet reached a record high, var