首页社会正文

足球免费推介(www.ad168.vip):Oil slides as renewed China COVID curbs temper fuel demand outlook

Allbet登录网址2022-07-1315

新2信用网出租www.hg108.vip)是新2(正网)接入菜宝钱包的TRC20-USDT支付系统,为新2代理提供专业的网上运营管理系统。新2信用网出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让新2代理的运营更轻松更安全。

SINGAPORE: Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the outlook for fuel demand.

Brent crude futures for September had fallen $1.81, or 1.7%, to $105.29 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude for August delivery was at $102.14 a barrel, down $1.95, or 1.9%.

"Growing fears of a recession and continued sluggish demand in China are pulling oil prices lower, though the current supply-demand balances remain precarious," *** ysts from consultancy Eurasia Group said in a note.

Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant appears in the country.

"While China may take a more targeted approach in trying to squash any outbreak, we will need to see how this plays out given the country's COVID zero policy," said Warren Patterson, head of commodity research at ING.

However, fundamentals were constructive, considering the tight supply situation, which was set to continue for at least the remainder of the year, he said, adding that this would limit downside in prices.

Western sanctions on Russia over the war in Ukraine, which Russia calls a "special military operation", have disrupted trade flows for crude and fuel.

,

足球免费推介www.ad168.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

U.S. Treasury Secretary Janet Yellen is in Asia to discuss ways of further strengthening sanctions, including setting a price cap on Russian oil to limit Moscow's profits and help lower energy prices.

International Energy Agency Executive Director Fatih Birol said any price caps on Russian oil should include refined products.

"My hope is that the proposal, which is important to minimise the effect on the economies around the world, gets buy-in from several countries," Birol told Reuters in an interview on the sidelines of the Sydney Energy Forum.

Oil prices also fell as worries of a disruption at the Caspian Pipeline Consortium's system (CPC) eased after a Russian court Monday overturned an earlier ruling suspending operations at the pipeline for 30 days.

However, traders and *** ysts remain fearful that Russia will suspend the pipeline, which carries oil from Kazakhstan to the Black Sea. Suspension could disrupt 1% of global crude supply.

Additionally, spare capacity at the Organization of the Petroleum Exporting Countries is running low, with most of the producers pumping at maximum capacity.

U.S. President Joe Biden would make the case for greater oil production from OPEC when he met Gulf leaders in Saudi Arabia this week, White House National Security Adviser Jake Sullivan said on Monday.

"Little hope is being assigned to Biden's visit to Saudi Arabia unlocking more production from them or the UAE (United Arab Emirates)," said Jeffrey Halley OANDA's senior market *** yst for Asia Pacific said in a note.

转载声明:本站发布文章及版权归原作者所有,转载本站文章请注明文章来源!

本文链接:https://www.shelfsuz.com/post/21308.html

网友评论

最新评论