1. OPEC Secretary-General: Global energy demand is expected to grow by 23% by 2045. The global oil industry required $12.1 trillion in investment over the same period.
2. EIA short-term energy outlook report: WTI crude oil price is expected to be US$74.43/barrel in 2023, which was previously expected to be US$74.6/barrel. The price of WTI crude oil is expected to be US$78.51/barrel in 2024, which was previously expected to be US$78.51/barrel.
3. According to shipping reports and ship movements, the Mexican port of Dos Bocas has suspended the export of Maya crude oil after the deadly explosion on Friday (July 7) at the offshore drilling platform of the Mexican state oil company (Pemex). Shipments of 1.64 million barrels of Maya crude were delayed.
4. According to the statement of the Iraqi Prime Minister’s Media Office on July 11 local time, Awadi, director of the Iraqi Prime Minister’s Office, signed a barter trade agreement with Iran’s ambassador to Iraq Sadiq on the same day, exchanging Iraq’s crude oil and heavy oil for Iranian natural gas, importing The natural gas will be used to operate local power stations in Iraq.
5. A tanker carrying U.S. light sweet crude bound for the U.K. was suspended in the Atlantic for 10 days, changed its destination, and was near Spain on Tuesday, ship-tracking data showed.
