OPEC+ likely to raise August oil output quotas by 188,000 barrels per day at Sunday meeting, three sources say
OPEC+ is likely to raise oil output quotas for August by 188,000 barrels per day at its Sunday meeting, three sources say.
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UAE restores oil exports to pre-war levels by routing tankers through the Strait of Hormuz and using a bypass pipeline to circumvent the waterway
The UAE restores oil exports to pre-war levels by routing tankers through the Strait of Hormuz and using a pipeline that bypasses the waterway.
Strait of Hormuz crude exports ran at about 5 million bpd in June, roughly one-third of pre-war normal flows, sources say
Sources say about 5 million barrels per day of crude oil exited the Strait of Hormuz in June, roughly one-third of normal pre-war flows.
EIA: US crude stocks fell to lowest level since September 2018 in the latest weekly report.
EIA says US crude stocks in the latest week fell to lowest since September 2018.
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