Support falters as storms subside

摘要

Global prices came under pressure from increased supplies and expectations of limited demand in Europe and Asia-Pacifi c.Atlantic basin benchmark North Sea Dated fell by $1.69/bl to $40.43/bl in the week to 24 September,while Mideast Gulf marker Dubai dropped by $1.50/bl to $41.25/bl.US benchmark WTI shed 83￠/bl to $40.14/bl.A potential resumption of Libyan exports from the Zueitina terminal,which could ship its fi rst crude cargo in eight months over the next few days,is pressuring European and west African values.At the same time,the return of US off shore production,which climbed back to about 93pc of capacity following the latest storm,means that US output will remain close to 11mn b/d and is likely to get even closer,if not surpass,that mark in the coming weeks.