Sanctions, OPEC cuts push Asia’s heavy crude oil prices above Brent

12 February 2019, News Wires — Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy oil, traders and analysts said. Heavier grades, mainly produced in the Middle … More »