Oil markets fell today following news that South Sudan may resume crude production, easing concerns about disruption of supplies from Iran.
South Sudan said it intends to resolve a row over oil and other outstanding issues with Sudan within the next couple of months.
Go deeper with GlobalData
Brent crude fell by 23 cents to $124.90 a barrel, while US crude was down 28 cents to $106.59.
A restart at South Sudan’s oil fields will bring output back to about 350,000 barrels a day, up from around 50,000 currently being produced daily, reports Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
