- About 80% of U.S. Gulf production remained offline Tuesday
- Filter factories resume operations quickly
- Iran resumes unexpected oil exports in 2021 – analyst
LONDON, Sept. 8 (Reuters) – Wednesday, Wednesday, the US Gulf of Mexico was backed by low productivity and support, despite its strong dollar prospects and fears of an increase in coronavirus infections. .
Brent climbed to 2745 cents, or 0.4%, to $ 71.96 a barrel, at 0845 GMT, and the U.S. West Texas Intermediate (WTI) crude 32 cents, or 0.5%, to 68.67 barrels.
“The market … will evaluate the consequences of subsequent delays,” ANZ researchers said in a statement.
Manufacturers in the Gulf are still struggling to recover from the effects of Hurricane Ida in nine days.
About 80% of U.S. Gulf production remained offline Tuesday, with 79 production forums yet to be held. So far, 17.5 million barrels of oil have been lost to the market. Read more
Gulf Coast wells account for 17% of US production.
In a statement, ING analysts said:
More than 1 million barrels of BPD capacity has been temporarily shut down, more than 2 million BPDs have been reduced, according to a recent report from the Energy Department.
However, those filters you restarted do not appear to be fully functional at this time.
On Wednesday and Thursday, traders from the U.S. Petroleum Institute’s Industrial Group are closely monitoring data to clarify the impact of the U.S. Energy Information Administration on crude production and refinery production.
Analysts at Reuters expect the average crude to drop by 3.8 million barrels a week by September 3 and lower oil reserves by 3.6 million barrels to 3 million barrels.
The United Nations Atomic Energy Agency (IAEA) said on Tuesday that Iran was investigating past activities and risking necessary monitoring, possibly complicating efforts to resume talks to renew the nuclear deal.
Negotiations between world powers and Iran have stalled for three months after the election of a new extremist president.
So Iran’s cause could be at least temporarily on the back burner. He said Iran was no longer a major symbol of the oil market but expected to return in early 2022. Petroleum Stephen Brenok Broker PVM.
Additional Report by Bozorgmer Sharafedin in London by Sonali Paul in Melbourne and Florence Tan Singapore Edited by Kim Kogil and Mark Potter
Our Standards – Thomson Reuters Beliefs.