久久久91精品国产一区二区三区|亚洲中文无码卡通动漫|国产AV国片精品无套内谢无码|国产99久久久国产精品电影|

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2026

LOCATION :Home> News> Industry News

Oil prices fall on declining Chinese factory output

Pubdate:2021-08-03 09:44 Source:liyanping Click:

(Bloomberg) --Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown.

Futures in New York declined as much as 2% on Monday. The virus is clouding the outlook for consumption as China faces a fresh outbreak, Thailand expands its quasi-lockdown measures and infections in Sydney matched a record. Meanwhile, data indicated China’s economic activity eased in July and U.S. manufacturing data also showed some weakness.

Chinese manufacturing data “was below expectations. There are concerns that it is a function of Covid,” said Bob Yawger, head of the futures division at Mizuho Securities.

Crude prices are off to a shaky start in August after July’s small gain with the resurgence of Covid-19 offsetting the global demand recovery. At the same time, Saudi Arabia, Kuwait and the United Arab Emirates boosted their crude exports to multimonth highs last month, signaling a return of OPEC+ barrels to an uncertain market.

Oil has “given back some of last week’s gains in response to weaker China data and continued worries about the spread of the delta variant,” said Ole Hansen, head of commodities research at Saxo Bank A/S. Crude has settled into a range “with delta demand worries offsetting the current tight supply outlook.”

Prices:

West Texas Intermediate crude for September delivery dropped $1.13 to $72.82 a barrel at 10:14 a.m. in New York

Brent for October settlement fell 97 cents to $74.44 a barrel

Meanwhile, the U.S. and Israel vowed to respond to a deadly drone attack on a tanker last week in a major waterway for global oil shipments that they blamed on Iran. Middle East foes Iran and Israel have traded multiple accusations of shipping attacks in recent months. But Thursday’s strike off the coast of Oman, which Tehran denied carrying out, was the first to kill crew members -- a Romanian and a Briton.

裕民县| 灵川县| 吉木乃县| 丽水市| 丰城市| 监利县| 江阴市| 宣化县| 永平县| 灵宝市| 唐河县| 屏东市| 永修县| 温宿县| 五莲县| 怀安县| 万荣县| 遂昌县| 齐河县| 郧西县| 肥东县| 安丘市| 垫江县| 六盘水市| 高雄县| 于田县| 柳州市| 濮阳县| 德化县| 宁城县| 澄迈县| 自治县| 鹿邑县| 伊金霍洛旗| 阳原县| 远安县| 班戈县| 崇信县| 淮南市| 莱西市| 芮城县|