Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world’s second largest producer.
"Riots obviously can stop production and exports," said Bjarne Schieldrop, an analyst at Swedish bank SEB.
Over the week, crude prices gained about five percent and on Friday Brent exceeded $83 per barrel, "putting it at its highest level since the price slide triggered by the first appearance of the Omicron variant in late November," said Carsten Fritsch, commodities analyst at Commerzbank.
Protests spread across the country of 19 million this week in outrage over a New Year increase in prices for liquid petroleum gas (LPG), which many use to fuel cars.Thousands took to the streets in Almaty and in the western province of Mangystau in protests that broadened to include anti-government slogans.Violence erupted when police fired tear gas […]
Click here to view original web page at menafn.com
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Come and join our community. Expand your network and get to know new people!