OIL: Oil End of Day Summary: Crude Rises
Oil End of Day Summary: Crude Rises Crude has risen as optimism around US-Iran diplomatic efforts has eased following more hardline rhetoric from Iranian officials in recent hours. * WTI NOV 26 up 1.4% at 91.82$/bbl * EIA Weekly US Petroleum Summary - w/w change week ending Sep 18: Crude stocks +2,969 vs Exp -578, Crude production -5, SPR stocks -405, Cushing stocks +2,266 * Tasnim News Agency, which cites sources: "Araghchi's move in dealing with Witkoff was carried out without coordination with the relevant authorities." * Rubio said that if there is to be a deal with Iran, it would require hard work and time and that Tuesday talks with Iran were positive but not a breakthrough. A senior Iranian official told Reuters that Tehran is reviewing a US response to its proposal to end hostilities but said many differences remain between the two sides. * Sentinel imagery from Sep. 22 shows one vessel of around Aframax size at the Ras Al Ma'ajjiz loading terminal at Yanbu. Previous reporting indicated a Yanbu restart was nearing * Saudi Aramco sold ~10 VLCCs or more of crude for Oct.-Nov. delivery to Asian buyers, traders told Bloomberg * Iraq exported 70mbbl of oil in August and is curre
Oil End of Day Summary: Crude Rises Crude has risen as optimism around US-Iran diplomatic efforts has eased following more hardline rhetoric from Iranian officials in recent hours. " * Rubio said that if there is to be a deal with Iran, it would require hard work and time and that Tuesday talks with Iran were positive but not a breakthrough. A senior Iranian official told Reuters that Tehran is reviewing a US response to its proposal to end hostilities but said many differences remain between the two sides. * Sentinel imagery from Sep.
22 shows one vessel of around Aframax size at the Ras Al Ma'ajjiz loading terminal at Yanbu. -Nov. delivery to Asian buyers, traders told Bloomberg * Iraq exported 70mbbl of oil in August and is currently exporting more than 3mb/d, Oil Minister Basim Mohammed said. * Libya's Sharara oil field production is down to 80k-90k b/d, NOC said cited.
The declaration of a force majeure is an option open to NOC, the chairman said. * Chinese oil imports so far in September are running at just under 7m b/d, according to Vortexa data cited 's Javier Blas. 96mb/d but remained 13% below pre-conflict levels, * MNI Oil Weekly: { sptQM3-9HJw}