POLICY

Oil prices fall by 13% as volatility continues

THE price of oil has receded overnight as OPEC+ member the United Arab Emirates urged the cartel to increase production.

UAE favours production increases

UAE favours production increases

As of this morning, Brent Crude is down 13% at US$111 per barrel while West Texas Intermediate is trading at US$110/bbl. The UAE's ambassador to Washington, Yousef al-Otaiba released a statement carried...

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