Crude oil has recovered at the start of this week as countries face supply issues, which continues to cause concern for energy reserves in the face of the coming Northern hemisphere autumn.
Despite the growing stronger USD after the Federal Reserve meeting last week that pointed toward higher rates for longer than the market anticipation.
Last week, Saudi Arabia and OPEC+
placed a floor on oil prices, as Saudi Energy Minister Prince Abdulaziz bin Salman said that production might be cut if deemed necessary.
The Organization of Petroleum Exporting Countries (OPEC+) Secretary General Haitham Al-Ghais also cited spare capacity as an ongoing issue for the oil market.
On Monday, unconfirmed reports emerged that the United Arab Emirates, Oman, and Congo support Saud Arabia’s expressed views last week on cutting production if the prices fall.
The political unrest in Libya has started again, compounding the crude oil issue with the market guessing that their production may come under threat. In addition, there are reports of issues with Kazakhstan port facilities impacting their oil exports.
Additionally, hopes of a prompt resolution in resurrecting the 2015 US-Iran nuclear accord have been dashed.
The oil price tension keeps soaring as costs of alternative energy keep increasing, particularly for Europe, where Russia is pulling the strings on supply through the Nord Stream 1 pipeline.
Since crude oil has stopped coming in from Russia, prices have scaled. The European benchmark Dutch Title Transfer Facility (TTF) natural gas futures contract has pulled back below 300 Euro per Mega Watt hour (MWh) after peaking at just under 350Euro per MWh. A welcome reprieve but still well above the June low of 80 Euro per MWh.
This was because the European Union was nearing its gas storage filling target of 80% goal two months ahead of schedule, with reserves now at 79.4%.
This Post Has 19 Comments
canadian pharmacy world: Cheapest online pharmacy – canadian neighbor pharmacy
canadianpharmacymeds com: Cheapest online pharmacy – best canadian pharmacy
rybelsus cost: buy rybelsus – cheap Rybelsus 14 mg
rybelsus: Rybelsus 7mg – rybelsus cost
Buy semaglutide pills: cheap Rybelsus 14 mg – Semaglutide pharmacy price
farmacia online senza ricetta: Farmacie online sicure – Farmacie online sicure
comprare farmaci online con ricetta: Ibuprofene 600 prezzo senza ricetta – farmacia online piГ№ conveniente
farmaci senza ricetta elenco: Farmacia online migliore – farmacia online
viagra originale in 24 ore contrassegno: viagra farmacia – viagra cosa serve
farmacia online piГ№ conveniente: Farmacia online piu conveniente – п»їFarmacia online migliore
viagra consegna in 24 ore pagamento alla consegna: viagra online siti sicuri – esiste il viagra generico in farmacia
farmacia online envГo gratis: farmacia online envio gratis valencia – п»їfarmacia online espaГ±a
farmacia barata: farmacia online envio gratis – farmacia online barata
п»їfarmacia online espaГ±a: tadalafilo – farmacia barata
casibom guncel giris: casibom giris – casibom giris
casibom guncel giris adresi
Para esclarecer completamente suas dúvidas, você pode descobrir se seu marido está traindo você na vida real de várias maneiras e avaliar quais evidências específicas você tem antes de suspeitar que a outra pessoa está traindo.
Como recuperar mensagens de texto excluídas do celular? Não há lixeira para mensagens de texto, então como restaurar mensagens de texto após excluí – Las?
Why people still make use of to read news papers when in this technological
world everything is existing on web? I saw similar here:
Sklep internetowy
Wow, awesome blog format! How lengthy have you ever
been blogging for? you make running a blog look easy. The entire glance of your website is great,
let alone the content! You can see similar here najlepszy sklep