Marine Link
Friday, October 21, 2016

Oil Price Rise on Back Of Syria Concerns

August 27, 2013

The possibility of Western military action against the Syrian government pushed oil prices to a six-month high and sent equities worldwide substantially lower, reports Reuters.

Both Brent and U.S. crude gained upward of $3 a barrel as fears mounted that Western intervention could further destabilize the Middle East, which pumps a third of the world's oil.

Citing Western sources who attended a meeting in Istanbul between envoys of an alliance opposed to Syrian President Bashar al-Assad and the Syrian National Coalition, Reuters add that action to deter further use of chemical weapons by the Assad regime could come as early as in the next few days.

Source: Reuters

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News