皇冠开户
热门标签

新2网址大全(www.hg108.vip):Oil rises 2% as no immediate Saudi output boost expected

时间:2周前   阅读:1   评论:2

哈希108竞彩平台www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希108竞彩平台开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

Brent crude LCOc1 futures settled at $101.16 a barrel, rising $2.06, or 2.1%, while West Texas Intermediate crude CLc1 settled at $97.59 a barrel, gaining $1.81, or 1.9%. Both benchmarks saw their biggest weekly percentage drops in about a month, largely on fears earlier in the week that a nearing recession would chop away at demand. Brent lost 5.5% in its third weekly drop, while WTI was down 6.9% in its second weekly decline. (File pic: Aramco oil production)

NEW YORK: Oil gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

The comment during U.S. President Joe Biden's Middle East visit comes at a time when spare capacity at members of the Organization of the Petroleum Exporting Countries (OPEC) is running low.

"Part of the support is that everybody and their brother who digs down into the Saudi situation see that they don't have a lot of capacity left," said John Kilduff, partner at Again Capital LLC in New York.

Brent crude LCOc1 futures settled at $101.16 a barrel, rising $2.06, or 2.1%, while West Texas Intermediate crude CLc1 settled at $97.59 a barrel, gaining $1.81, or 1.9%.

Both benchmarks saw their biggest weekly percentage drops in about a month, largely on fears earlier in the week that a nearing recession would chop away at demand. Brent lost 5.5% in its third weekly drop, while WTI was down 6.9% in its second weekly decline.

Biden, prompted by energy and security interests, arrived in Jeddah on Friday and had been expected to call for Saudi Arabia to pump more oil.

,

新2网址大全www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

But the United States does not expect Saudi Arabia to immediately boost oil production and is eyeing the outcome of the next OPEC+ meeting on Aug. 3, a U.S. official told Reuters.

"If the market was expecting an announcement between President Biden and (Saudi Crown Prince) Mohammed Bin Salman that oil production was going to be increased, they were sorely disappointed," said Andrew Lipow of Lipow Oil Associates in Houston.

"But I do think that in the upcoming weeks, especially at an upcoming OPEC meeting, we might see production increases out of both Saudi Arabia and the United Arab Emirates."

The United States could still secure a commitment that OPEC will boost production in the months ahead in hopes that it will provide a signal to the market that supplies are coming if necessary.

Meanwhile, the U.S. oil rig count, an early indicator of future output, inched up by two to 599 this week to their highest since March 2020, energy services firm Baker Hughes Co said.

Also signalling more oil supply on the horizon was Libya's oil chief, who said crude output will resume after meeting groups that have blockaded the country's oil facilities for months.

上一篇:澳幸运5开户(www.a55555.net):Enra proposes diversification into MRO industry

下一篇:Hga030:Gaming sector upward momentum seen to sustain

网友评论