Middle East Crude-Benchmarks fall; OPEC+ resumes oil policy talks

OPEC+ ministers will look to salvage their oil output talks after clashing last week

  

SINGAPORE- Middle East crude benchmarks Oman and Dubai fell on Monday.

OPEC+ ministers will look to salvage their oil output talks after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to output curbs. 

ASIA-PACIFIC CRUDE:

Two cargoes of Australia's North West Shelf (NWS) condensate are scheduled to load in September, down from the previous month, a preliminary loading programme showed. urn:newsml:reuters.com:*:nL3N2OH2AO

China Petrochemical Corp, or Sinopec, said on Monday it started building a carbon capture, utilisation and storage project in east China, the largest of its kind in the country, as part of the refiner's goal to be carbon-neutral by 2050. 

NEWS

Lukoil and BP Plc are keen to keep operating in Iraq, Oil Minister Ihsan Abdul Jabbar said on Sunday, contradicting earlier statements he made about their intentions to leave the energy-rich country. 

A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050, the International Energy Agency said on Monday. 

The White House said on Friday it is concerned about the impact of rising oil prices on U.S. consumers, but believes producers have ample ability to pump enough crude. 

(Reporting By Shu Zhang) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))


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