“We will continue to assume Iranian oil supply at 3MMbbls/d by the end of this year, however, will revisit this forecast once talks resume.”
Crude oil prices edged lower Monday as concerns over the rising number of Covid-19 cases globally weigh on sentiment surrounding fuel demand outlook. The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible Covid-19 Delta variant and the rising number of U.S. coronavirus cases, Reuters reported Monday, citing a White House official.
(Bloomberg) -- Venezuela’s capital city is once again rationing gasoline after output at state-owned refineries slumped, forcing motorists to endure day-long queues to top off tanks.Shortages have returned to Caracas, prompting drivers to prowl the streets for open filling stations as lines stretch for blocks in some areas. Because of breakdowns at Petroleos de Venezuela SA fuel-making plants, gasoline output has crashed by more than 40% since the end of June, according to two sources with knowl