Ghana news briefing
Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
Last month, Saudi Arabia raised oil production despite disruptions to shipments caused by the US-Iran war, leading to a sharp increase in production from OPEC+ — the Organisation of the Petroleum Exporting Countries and partners, including Russia — OPEC said on Tuesday.
Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.
In Russia, the government said on Tuesday it did not see any direct link between peace talks with Ukraine and its deal to export diesel to the US.
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