Brent Oil Steadies Near Three-Week Low With Iran Flows in Focus

finance.yahoo2021-05-20

(Bloomberg) -- Brent oil was steady near a three-week low after a broader market slump as investors weighed the prospect of a boost in Iranian supply just as OPEC+ returns more barrels to the market. ...

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精彩评论

Shifeng
2021-05-20
Shifeng
We need more energy!
NareshwG
2021-05-20
NareshwG
Oil is always needed.. So, demand wil be there for long time..
- xvin23:
  Ok
Foros
2021-05-20
Foros
Nice

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A top European Union official said the U.S. and Iran are close to reviving a nuclear deal, which would allow more crude flows from the OPEC producer. The possibility of more supply is being reflected in the prompt timespread for Brent, with its backwardation structure narrowing in an indication market tightness may be easing.\nOil is still up almost 30% this year as the recovery from the Covid-19 pandemic accelerates in the U.S. and parts of Europe, while purchasing of crude cargoes from countries such as China remains robust. However, the flare-up across Asia is a constant reminder that the rebound is expected to be uneven and bumpy. The second wave in India has trimmed sales of gasoline and diesel by as much as 20% for top refiner Indian Oil Corp., prompting cuts to processing rates.\n“Given the risk of an Iranian nuclear deal announcement, along with worries over Covid-19 developments in Asia, we believe that risks are skewed to the downside,” said Warren Patterson, head of commodities strategy at ING Group. However, the medium-term outlook looks bullish and Brent will average $70 a barrel over the second half of this year, he added.\nEnrique Mora, the EU official in charge of coordinating diplomacy in Vienna for the nuclear talks, said he expects all parties to return to the 2015 agreement before Iran’s presidential elections on June 18. 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Crude inventories rose by 1.3 million barrels.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":197768290,"gmtCreate":1621486753210,"gmtModify":1634188728686,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3554690739454545","idStr":"3554690739454545"},"htmlText":"We need more energy!&nbsp;","listText":"We need more energy!&nbsp;","text":"We need more energy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197768290","repostId":1138612971,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197486850,"gmtCreate":1621478989770,"gmtModify":1634188809079,"author":{"id":"3572945845916163","authorId":"3572945845916163","name":"NareshwG","avatar":"https://static.tigerbbs.com/0d6dc06165c1a0cc4f1a8169ea48573d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3572945845916163","idStr":"3572945845916163"},"htmlText":"Oil is always needed.. So, demand wil be there for long time..&nbsp;","listText":"Oil is always needed.. So, demand wil be there for long time..&nbsp;","text":"Oil is always needed.. So, demand wil be there for long time..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/197486850","repostId":1138612971,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389987,"gmtCreate":1621508559128,"gmtModify":1635404614773,"authorId":3577242908888293,"author":{"id":3577242908888293,"idStr":"3577242908888293","authorId":3577242908888293,"name":"xvin23","avatar":"https://static.tigerbbs.com/284ea65037fdd70740d1782f2b4e7dc7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197486850,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":197412448,"gmtCreate":1621478352584,"gmtModify":1634188814622,"author":{"id":"3574156765565189","authorId":"3574156765565189","name":"Foros","avatar":"https://static.tigerbbs.com/4aab8cbc5838ac3992a3d449f933303e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574156765565189","idStr":"3574156765565189"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197412448","repostId":1138612971,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138612971"}