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According to Jin10, an executive at Abu Dhabi National Oil Company said the company is gradually strengthening control over its shipping business after the Iran war.
#Jin10 #abudhabinationaloilcompany #iranwar

🛢️ Brent Crude Oil Outlook Turns More Bullish

According to Jin10, a Reuters survey shows analysts have raised their 2026 Brent crude oil price forecast to an average of $85.22 per barrel, up from $84.50 in the June outlook.

The revised forecast reflects expectations for firmer oil prices, signaling continued confidence in the energy market despite ongoing global uncertainties.

#Brent #CrudeOil #OilMarket #Energy #Commodities #Reuters #Jin10

"According to Jin10, the U.S. Energy Information Administration (EIA) said U.S. domestic crude oil production reached a record high in the latest week." means that the U.S. produced more crude oil during the most recently reported week than in any previous week on record. Jin10 reported the data, while the EIA is the U.S. government agency that tracks energy supply and production.

Higher domestic oil output can increase available supply, which may put downward pressure on oil prices if demand does not rise at the same pace. However, oil prices also depend on global demand, OPEC+ policies, inventories, geopolitical events, and refinery activity.

CrudeOil #EIA #USOilProduction #EnergyMarkets #OilSupply #CommodityMarkets #Jin10

🛢️ *GULF OIL EXPORTS PLUNGE* 🌍
- Shipments from 8 Gulf producers fell ∼61% week of Mar 15 vs. Feb average
- 9.71M bpd vs. 25.13M bpd in February (Kpler data)
- Covers Saudi Arabia, Iran, Iraq, UAE, Kuwait, Qatar, Oman, Bahrain
- Before conflict, they made up 36% of global seaborne oil exports

#Energy. #MiddleEastCrisis #GulfNews #Exports #Jin10