Gasoline futures for delivery in the NY Harbor were near the $2.97 per gallon mark, slightly above the three-month low of $2.88 touched on June 16th as markets assessed the pace that supply from the Middle East may return. The US and Iran delayed the start of peace after their memorandum pledged to restart the exports of crude oil from the Persian Gulf. Reports indicated that supertankers had already sailed toward the Strait of Hormuz, and Qatar, Bahrain, and Kuwait were already studying increases in production capacity. The added supply is due to replenish refineries across the globe with the higher export quotas from OPEC+ and higher output from the UAE, which left the cartel during the conflict. The deal is also due to lift US sanctions on Iran, increasing the supply from the major producer. Iranian output will likely refill Chinese oil stockpiles, which were depleted in the last months as the world’s largest importer refrained from purchasing oil to prop up prices further.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان