$RH PetroGas (T13.SG)$$Rex Intl (5WH.SG)$ The overall sentim...
$RH PetroGas (T13.SG)$ $Rex Intl (5WH.SG)$
The overall sentiment in oil markets has been greatly buoyed by bumper Q2 profits posted by oil majors such as ExxonMobil, Chevron, and Shell. As well as improving confidence, rumours of OPEC+ keeping Sep production targets unchanged at its meeting next week have helped push oil prices higher, with Brent crude moving up 2.7% to USD110.01 on Fri. The NS1 pipeline is also still running at 20% of capacity.
The overall sentiment in oil markets has been greatly buoyed by bumper Q2 profits posted by oil majors such as ExxonMobil, Chevron, and Shell. As well as improving confidence, rumours of OPEC+ keeping Sep production targets unchanged at its meeting next week have helped push oil prices higher, with Brent crude moving up 2.7% to USD110.01 on Fri. The NS1 pipeline is also still running at 20% of capacity.
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