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Prices Rise As Saudi Exports Hit 33-Month Low

Saudi Arabia’s crude oil exports in June dropped to their lowest level in 33 months, while Saudi oil inventories were down to a level last seen in early 2012, according to data by the Joint Organizations Data Initiative (JODI), suggesting that Saudi exports had likely further dropped in July and continue to fall in August. Click here for more

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A War With North Korea Could Send Oil Prices Skyrocketing

An open military conflict in Northern Asia would disrupt more than a third of global seaborne crude oil trade, Wood Mackenzie warned last week amid yet another escalation between North Korea, its neighbors, and the U.S. Click here for more

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US crude jumps 2.9% to three-week closing high of $48.66 as refineries restart after Harvey

Oil and gasoline prices snapped back to levels seen before Hurricane Harvey disrupted about a quarter of U.S. refining capacity, but another incoming storm could cut fuel demand and weigh on prices, analysts said on Tuesday. Click here for more

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US oil prices edge up

US oil prices edged up on Tuesday as the gradual restart of Gulf of Mexico refineries following forced shutdowns due to Hurricane Harvey raised demand for crude, their most important feedstock. The return of many US refineries ended a spike in gasoline prices as initial fears of a serious supply crunch faded.

https://www.dawn.com/news/1355808/us-oil-prices-edge-up

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Oil Prices Up On Iraq Tension, Iran Deal Stay

 

Oil prices strengthened today as tension in Northern Iraq's oil-rich Kurdish region erupted, just days after the U.S. indicated it will let the Iran nuclear deal "die another day." Click here for more

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