Yemen increases crude oil prices
Saturday 07/July/2007
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Saba
حجم الخط
The Yemeni government announced, on Saturday, two modifications to two
governorates' crude oil to raise Masila crude oil price to $77.49 for
barrel and Marib's to $79.24.
Minister of Oil and Minerals Khalid Bahah said that increasing prices is the highest since Yemen started exporting crude oil .
This increase is due to stopping oil production in Nigeria and the low supply of OPEC which engender fears of shortage of international oil supply.
This increase is due to stopping oil production in Nigeria and the low supply of OPEC which engender fears of shortage of international oil supply.
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