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The American Petroleum Institute will publish estimates for US inventories at 4:30 pm. EDT (20:30 GMT) Tuesday
Libya's National Oil Corp (NOC) on Monday declared a force majeure on shipments from the ports of Zueitina and Hariga, resulting in the break-up of 850,000 bpd of refueling
after that Libya has suspended oil exports from two key ports, "said Hussein Sayed, chief strategist of FXTM futures brokerage market
" If Libyan oil does not return quickly to the market, it will be a test important. given that production from Venezuela and Iran is expected to drop significantly in the coming months, "he added.
The Organization of Petroleum Exporting Countries injected $ 32.32 million bpd in June, according to a Reuters study The June total is the highest since January 2018.
Morgan Stanley on Tuesday raised its forecast for Brent in the second half of this year from $ 7.50 per barrel to $ 85 while it was reducing the supply forecast of Iran, Angola and Libya.]
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