UAE exports returned to high levels, while UBS lowered oil price forecasts amid the easing of the U.S. blockade and regaining momentum of Iranian crude exports.
2 reports, 2 independent
Updated Aug 18
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What happened
UAE exports returned to high levels, while UBS lowered oil price forecasts amid the easing of the U.S. blockade and regaining momentum of Iranian crude exports.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- UBS estimates global oil supply despite Iranian blockade, while Al Jazeera republished Iran's official trade decline numbers.Sub-event
US eases export controls affecting the UAE.1 source
UBS lowered oil price forecasts amid high UAE exports, Iranian crude momentum, and MoU easing of U.S. blockade.1 source
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The entities involved
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UAE
computer emulator which emulates the hardware of Commodore International's Amiga range of computers
- Brent
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UBS
Swiss multinational investment bank and financial services company
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- Saudi Arabia ramped up pipeline volumes to bypass Strait; MOU to reopen Strait drives lower price forecasts; China reduced oil imports.
- Brent price surges due to heightened US/Iran tensions, causing oil companies like Oil India and ONGC to see stock boosts, while Views tracks the geopolitical risk premium.