Oil prices jump 5% after US sanctions Russian oil giants
US sanctions target Moscow’s energy revenues
US sanctions target Moscow’s energy revenues
Daily oil output will increase by 137,000 barrels next month
OPEC+ in full includes 10 non-OPEC oil producing countries, most notably Russia and Kazakhstan
Kazakhstan has informed OPEC that it does not intend to reduce its oil production
Prospect of strike stoked fears of another regional conflict in Middle East
OPEC decision to increase output by 411,000 barrels per day
Group is also expected to enforce output cuts on certain members to offset prior overproduction.
Minor fuel price cuts in March to be followed by significant decreases in April
Wheat samples from affected areas contained 600 times more selenium than locally grown variety
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