MARKETS

US to surpass Saudis, Russia

JUST when optimism was returning when Brent crude hit US$67/bbl after Christmas, Rystad Energy says the US crude production could topple that of both Saudi Arabia and Russia inside a year, which could help erase the benefits from the cartel’s cuts.

Anthony Barich

Brent hit $67 for the first time since May 2015 two days after Christmas after an explosion on a crude pipeline feeding Es Sider port in Libya reportedly caused the country to lose about 90,000 barrels...

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