Brent Crude Rises To 116 Dollars Per Barrel
Global oil and gas supplies have decreased by 20 percent due to the ongoing US-Iran-Israel war and the continued closure of the Strait of Hormuz. July contracts recorded a 0.4% increase to approximately 105 dollars per barrel. Crude oil prices saw a surge with USO rising over 5% to $146.67 and CL=F increasing by 4.74% to $104.67. Crude oil futures (CL=F) rose by approximately 4.8% to reach $104.77. French diesel sales dropped 18% in April and gasoline sales fell nearly 15% year-on-year. Stock markets are declining alongside the price increase. Crude oil futures for June 26 are trading at $104.62, representing a 4.69% increase. No new specific data provided in current feed to update existing story. The Nasdaq declined by 250 points during trading. Political deadlock in the Strait of Hormuz between Iran and the United States is impacting energy prices.
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Sources · 7 independent
“global oil and gas supplies have decreased by twenty percent with the continued closure of the Strait of Hormuz. Crude prices rose by more than fifty percent and gas prices rose by forty-two percent.”
“إمدادات النفتي والغاز العالمية ب-20% مع استمرار إغلاق مضيق هرمز”
“global oil and gas supplies have decreased by 20 percent with the continued closure of the Strait of Hormuz. On the price level, crude prices rose by more than 50 percent and gas prices rose by 42 percent”
“إمدادات النفتي والغاز العالمية ب-20% مع استمرار إغلاق مضيق هرمز وعلى المستوى وصعري صعدت أسعار الخام بأكثر من 50% كما ارتفعت أسعار الغازي ب42%”
“日本関係の大型タンカー ホルムズ海峡を通過”
“事實上 阿聯酋多年來一直積極建設 繞過霍爾木斯海峽的管道 以及更好的應對地緣風險 此外 在全球能源轉型不斷推進的背景下 阿聯酋一直希望推動經濟多元化”
“The UAE has been actively constructing pipelines to bypass the Strait of Hormuz for years to better deal with geopolitical risks.”
“Während der Konflikt zwischen den USA, Israel und im Iran, der Welt einen historischen Energie-Shock beschert und die Weltwirtschaft erschüttert hat, versetzt dieser Schritt der Vereinigten Arabischen Emirate den Öeproduzenten auf der ganzen Welt einen schweren Schlag.”
“Prozent bislang der drittgrößte Öeproduzent der OPEC. Der Austritt der Emirate könnte...”
“Prozent bislang der drittgrößte Öeproduzent der OPEC.”
“And now the United Arab Emirates, the eighth largest oil producer in the world, is leaving.”
“In the long term, the country's decision to leave could be good news for oil prices. Anytime you increase supply in a normal context, that would lead to some level of price decline.”
“Der Austritt der Emirate könnte... voranzutreiben. Gleichzeitig führen sie militärische Operationen und Stellvertreterkriege im Sudan, im Jemen und darüber hinaus”
“The UAE says it chose to leave now to minimize market disruption. Dagle says it managed that well since the market is already disrupted by the war.”
“If the plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years. This will undoubtedly put downward pressure on oil prices.”
“目前阿聯酋原油和凝吸油出口量 大約在每天330萬桶左右 如果接下來計劃把產量提升到 每天500萬桶甚至更高 那就意味著未來一到兩年內 將有一大批新增原油供應進入市場 因此這無疑會對油價形成下行壓力”
“If the plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years.”
“如果接下來計劃把產量提升到 每天500萬桶甚至更高 那就意味著未來一到兩年內 將有一大批新增原油供應進入市場 因此這無疑會對油價形成下行壓力”
“If the next plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years”
“Global oil prices have risen sharply following reports the US is preparing for an extension.”
“Und die Emirate produzieren im Moment oder können produzieren. ... Die OPEC denkte ja den US eben durch die Angebotsseite. Das heißt, man hat sich guten Förderquoten verlegt, die man aneinhalten musste. Der Preis eben entsprechend nach oben ging.”
“العالم الآن يشهد ضروب استثنائية ودائما في الضروب الاستثنائية تأتي القرارات استثنائية كذلك العالم يحتاج مزيدا من الانتاج”
“sharply to around $115 a barrel after the Wall Street Journal reported. The US was preparing to extend its blockade of Iranian ports.”
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