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At 8:06 (GMT), a barrel of Brent crude oil fell on Monday, while major oil producers feared to increase production more than expected. In September, the IntercontinentalExchange (ICE) posted a 0.59% yield to US $ 78.78, while the August WTI was down 0.07% on the New York Mercantile Exchange (Nymex), at US $ 74.11
. US President Donald Trump freaked out the oil market on Saturday by writing on his Twitter account that Saudi Arabia has agreed to increase its output by about 2 million barrels a day to make up for the fall in oil prices. Venezuela's production and The White House later clarified in a statement that in a telephone conversation with Trump, Saudi King Salman bin Abdulaziz Al Saud had said his country had "an unused capacity of two million barrels a day". ", Which will be" used "Yet, investors remained nervous about geopolitical events that could disrupt the oil market.
US Under Secretary of Energy, Dan Brouillette, said Friday that countries that buy Iranian oil will have the opportunity to gradually reduce their purchases.
Brouillette's comments contradict an earlier statement by the Trump government that Washington would condemn countries that have not cut Iran's oil imports to "zero". "here on November 4th.
"It's a problem for the United States in terms of sanctions for Iran," said Bjarne Schieldrop, chief commodity badyst at SEB Markets. "They want the sanctions to be implemented as quickly as possible, as vigorously as possible, but at the same time they want a lower price of oil.It is a contradiction."
Prices oil prices rose sharply last week as investors anticipated a market tightening with further stock declines due to strong global demand and the disruption of several sovereign producers.
Experts predict that the market will lose an additional 1.5 million barrels of oil per day by the end of the year, mainly due to disruptions in Venezuela and Iran.
Analysts monitor developments in Libya, where oil ports have been shut down due to a struggle for internal power in the country, which has removed 850,000 barrels a day from the world oil market.
In a statement sent to the Wall Street Journal on Monday, National Oil, Libya said it declared force majeure in the ports of Zueitina and Hariga, in eastern Libya. A military faction that controls the region, the Libyan National Army, has prevented its ships from entering the ports. Source: Dow Jones Newswires
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