SABA - Yemen news agency

Print date: 21-10-2018
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Yemen increases crude oil prices
[07/July/2007] SANA\'A, July 07 (Saba)- The Yemeni government announced, on Saturday, two modifications to two governorates\' crude oil to raise Masila crude oil price to $77.49 for barrel and Marib\'s to $79.24.

Minister of Oil and Minerals Khalid Bahah said that increasing prices is the highest since Yemen started exporting crude oil .

This increase is due to stopping oil production in Nigeria and the low supply of OPEC which engender fears of shortage of international oil supply.