rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
Crude oil prices continue to fall this morning: Brent 1st-nearby has lost around $2/bbl ($71.65) since the release of the US jobs report on Friday, highlighting economic slowdown and wage pressures.
The sharp decline in Saudi crude prices to Asian customers has again highlighted the impact of the Delta variant on demand levels in the region.
Nearly 90% of US crude production remained shut in the Gulf of Mexico on Sunday after Hurricane Ida. Refineries are resuming operations after being allowed to tap into strategic US reserves, but it could take two to three weeks to return to normal, especially in the New Orleans area.
Get more analysis and data with our Premium subscription
Ask for a free trial here