{"id":47335,"date":"2023-09-25T19:20:27","date_gmt":"2023-09-25T19:20:27","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook"},"modified":"2023-09-25T19:45:21","modified_gmt":"2023-09-25T19:45:21","slug":"oil-prices-up-over-tight-supply-outlook","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook","title":{"rendered":"Oil prices up over tight supply outlook"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Oil prices rose on Monday as markets focused on a tighter supply outlook after Russia limited the export of gasoline and diesel.<\/p>\n<p>International benchmark crude Brent traded at $92.31 per barrel at 10.23 a.m. local time (0723 GMT), a 0.38% gain from the closing price of $91.96 a barrel in the previous trading session on Friday.<\/p>\n<p>The American benchmark West Texas Intermediate (WTI) traded at the same time at $90.40 per barrel, up 0.41% from Friday\u2019s close of $90.03 per barrel.<\/p>\n<p>The Russian government temporarily limited the export of diesel and gasoline on Thursday.<\/p>\n<p>The government explained in a statement that the decision, which aims to stabilize fuel prices on the domestic market, &#8220;will help saturate the fuel market, which in turn will reduce prices for consumers.&#8221;<\/p>\n<p>Russia, one of the largest global oil producers, exports nearly 900,000 barrels per day (bpd) of diesel fuel and 100,000 bpd of gasoline. Although Russia ships less diesel and gasoline than it does crude oil, the export embargo before the winter and ongoing supply concerns have heightened market jitters.<\/p>\n<p>This comes amid tight oil supply, with Saudi Arabia and Russia extending their production curbs until the end of this year.<\/p>\n<p>The prospect of additional stimulus measures in China, the world&#8217;s top oil importer, also helps to support oil prices.<\/p>\n<p>Further pressuring prices, the number of oil rigs in the US fell to the lowest level since February last year, according to the latest data released by Baker Hughes on Friday.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Oil prices rose on Monday as markets focused on a tighter supply outlook after Russia limited the export of gasoline and diesel. International benchmark crude Brent traded at $92.31 per barrel at 10.23 a.m. local time (0723 GMT), a 0.38% gain from the closing price of $91.96 a barrel in the previous [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,1561,283,832,1562],"class_list":["post-47335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-brent","tag-mozambique","tag-oil","tag-wti"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil prices up over tight supply outlook - Mozambique<\/title>\n<meta name=\"description\" content=\"Oil prices rose on Monday as markets focused on a tighter supply outlook after Russia limited the export of gasoline and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices up over tight supply outlook\" \/>\n<meta property=\"og:description\" content=\"Oil prices rose on Monday as markets focused on a tighter supply outlook after Russia limited the export of gasoline and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T19:20:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-25T19:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1695658463.706852.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices up over tight supply outlook\",\"datePublished\":\"2023-09-25T19:20:27+00:00\",\"dateModified\":\"2023-09-25T19:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\"},\"wordCount\":259,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1695658463.706852.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Brent\",\"Mozambique\",\"Oil\",\"WTI\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oil-prices-up-over-tight-supply-outlook\",\"name\":\"Oil prices up over tight supply outlook - 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