# Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Dubai and Oman sour crude benchmarks have traded above Brent since early February, an unusual move. US sanctions on Venezuelan and Iranian oil, along with OPEC output cuts, have tightened supply of medium and heavy sour crude.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/60780-sanctions-opec-cuts-push-asia-s-sour-crude-oil-prices-above-brent-energy-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tighter sanctioned supply raises crude costs and energy inflation for feed producers, and it signals a supply squeeze that tends to support prices across energy markets.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-08-09 | [Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57751-oil-jumps-most-in-month-as-saudi-action-outweighs-demand-worries-energy-news.md) | +1.7% | +8.8% |
| BRENT | 2018-08-31 | [Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63709-now-you-see-it-now-you-don-t-oil-surplus-vanishes-ahead-of-iran-deadline-energy.md) | -1.7% | +5.5% |
| BRENT | 2017-09-01 | [Oil hits highest since July 2015; producers say market rebalancing - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/69126-oil-hits-highest-since-july-2015-producers-say-market-rebalancing-canadian.md) | +3.4% | +10.6% |
| BRENT | 2019-05-28 | [Brent oil rises above $70 as OPEC cuts, US sanctions outweigh trade war worries](https://feedsoft.ai/events/59242-brent-oil-rises-above-70-as-opec-cuts-us-sanctions-outweigh-trade-war-worries.md) | -9.0% | -4.9% |
| BRENT | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +4.8% | -8.9% |

## Sources

- energynow.com: https://energynow.com/2019/02/sanctions-opec-cuts-push-asias-sour-crude-oil-prices-above-brent/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.