Benin has shipped its first crude oil cargo in decades to the Netherlands, sourced from offshore Block 1 and operated by Akrake Petroleum Benin. Production resumed in 2026 after a long hiatus dating back to the end of the 1990s. With current output of approximately 3,000 barrels per day, below initial targets, the shipment marks a modest return to the global oil market and could put slight downward pressure on WTI crude oil prices. Prediction market participants estimate that the likelihood of WTI reaching $160 in November 2026 has moderately decreased, while production decisions by Saudi Arabia and OPEC+ remain key factors.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
