Elympics Season 5 event will close this afternoon

According to the Financial Times, UK Prime Minister-elect Burnham will uphold Labour’s controversial ban on new North Sea exploration licences, dashing the oil and gas industry’s hopes that the government might significantly revise its fossil fuel policies.

U.S. Secretary of Energy Granholm stated that the daily crude oil exports from the Arabian Gulf region are slightly less than 14 million barrels. As a key area for global crude oil supply, the export scale of the Arabian Gulf always has a significant impact on the overall supply and demand landscape and price trends of the international energy market. This export data also serves as an important reference for relevant energy policy-making and market analysis within the industry.

Wright stated that the 7-day rolling average crude oil output in Hormuz is less than 7 million barrels per day. Additional note: As the Strait of Hormuz is a critical global chokepoint for crude oil transportation, fluctuations in crude output from this region often impact supply and demand expectations in international energy markets. Changes in this output data are therefore closely monitored by many professionals involved in energy trade.

Boeing (BA.US) executives stated that Boeing is exploring several options to increase future 737 MAX production.