News Headlines:
OIL DAYBOOK EUROPE: OPEC’s Top Gulf Members Boost July Shipments (Bloomberg)
Saudi Arabia, Kuwait and the United Arab Emirates boosted oil shipments to multi-month highs in July, underscoring a return of their crude to an uncertain global market. Saudi shipments reached 6.4 million barrels a day, an increase of 640,000 from June and the highest since December and Kuwait’s daily loadings advanced by 276,000 barrels month-on- month, reaching the largest outflow since April 2020.
Attack on Oil Tanker to Complicate Revival of Nuclear Pact (Bloomberg)
The effort to revive the nuclear agreement and the prospect of sanctions relief that would bring million Iranian barrels back to the market is growing more remote after the latest tanker attack, according to RBC. Washington reportedly preparing another round of economic sanctions in response to Friday’s attack, but a more kinetic response remains on the table…
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FIS Tankers Daily Report 2021-08-03
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