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Saudi Arabia canceled some European crude oil shipments for September, coupled with production halts in Libya and maintenance in Kazakhstan, pushing Brent crude up 1.6% to $107.39 and WTI up 2.1% to $103.51.
Saudi Arabia has reportedly canceled some September crude oil shipments to European refiners due to damage to its East-West pipeline, while Libyan oilfield shutdowns and maintenance work in Kazakhstan are exacerbating supply pressures. Market analysis suggests that tightening physical supply factors are outweighing diplomatic optimism.
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Source：X@DeItaone · Source Link
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