- Crude prices stayed elevated even as stocks rebounded in the U.S. market close.
- Renewed Persian Gulf hostilities, falling U.S. inventories, and a Strategic Petroleum Reserve nearing critical levels are driving another oil-price upswing.
- Uganda named its prospective crude blend Pearl Sweet ahead of commercial production expected by the end of the year.
Quotes
“The name combines national identity with a commercial description”
“Naming supports future crude marketing activities and engagement with potential buyers.”
“the pearl of Africa”