Crude approached a four-year high after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom.
Oil Futures Near Four-year High
Canada’s Barrick Gold Corporation has announced that it has reached an agreement on creating a share-for-share merger between Barrick and Randgold Resources Limited, in a major deal worth US$18.3bn
Source: African Review
Barrick Gold and Randgold Resources agree to US.3bn merger
“Refiners will have to buy whatever crude they can get their hands on,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.
Asia's Oil Market Torrid Amid Iran Sanctions and Mega-Refineries