- OPEC doesn’t seem to have not much room, if any, to boost production as that would put further pressure on Oil prices given the increased supply from the US and Brazil, according to BP Chief Economist Spencer Dale, Bloomberg reports.
- Uganda Minister of Energy Ruth Nankabirwa communicated that the country is moving forward with TotalEnergies and Cnooc to bring a $20 billion Crude development project to the country.
- Delta Tankers has reported that its tanker, Sounion, has been attacked at least three times. It is still assessing whether the ship is adrift or not and continues its course, Reuters reports.
- The overnight Crude stockpile change from the American Petroleum Institute (API) posted a small build of just 347,000 barrels. Still, this was way above the 2.8 million drawdown expected by analysts.
- This Wednesday, the weekly Crude stockpile numbers from the Energy Information Administration (EIA) will be released. The previous number was a build of 1.357 million, with a drawdown of 2.8 million barrels expected.
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