Oil prices rallied to a 22-month peak of $21 a barrel on Friday, buoyed by Nigerian supply disruption, declines in U.S. oil stockpiles and OPEC output restraint. London September futures for Britain's Brent crude touched the psychological $21 level, its highest since October 9, 1997, before dropping back to $20.88 for a 39 cent gain.
Related News
27 Oct 2026
Japanese Giants Join Forces on Four Ammonia-Fueled Car Carriers
Seven Japanese companies have agreed to develop an integrated ammonia fuel supply chain and build four ammonia-fueled car carriers…
26 Oct 2026
Stena AB to Acquire Shipping Company Color Line
The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian…
23 Oct 2026
Saipem and MDC Join Forces to Expand Offshore Drilling Activities
Saipem and Egypt's Modern Drilling Company (MDC) have signed a memorandum of understanding (MoU) to explore offshore drilling opportunities in Egypt…
22 Oct 2026
IFM Investors Fund to Acquire Majority Stake in Associated British Ports
Canada Pension Plan Investment Board (CPP Investments) and OMERS have agreed to sell their combined 63.9% stake in Associated…