Tag: extend
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Crude oil prices extend their losses by 3%.. and Brent is near $73 (update)
Crude oil prices extended their losses to about 3% during trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investors’ concern about a global recession, with the Federal Reserve expected to raise interest rates later in the day. Crude oil prices closed the previous session at…
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Sanctions on Iran extend to 9 new companies that manufacture and promote petrochemicals
The United States of America has tightened sanctions against Iran by listing the names of 9 Iranian, Singaporean and Malaysian companies involved in selling leading petrochemical products in Tehran. On Thursday, February 9, 2023, the US Treasury announced imposing sanctions on 6 petrochemical companies based in Iran. The sanctions also included the branches of the…
