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COVID-19 - News digest as of 15.09.2021

September 15/2021

1. Crude oil futures rise in Asia on US pipeline outage and IEA bullish oil demand outlook for 2022

MOSCOW (MRC) -- Crude oil futures were higher in mid-morning trade in Asia Sept. 15 after a storm-related power outage shut the US' largest oil pipeline and the International Energy Agency (IEA) released a bullish oil demand outlook for 2022, reported S&P Global. At 10:25 am Singapore time (0225 GMT), the ICE November Brent futures contract was up 28 cents/b (0.38%) from the previous settle at USD73.88/b, while the NYMEX October WTI contract was 30 cents/b (0.43%) higher at USD70.76/b. The Colonial Pipeline, a major supplier of refined products to the US East Coast that carries 1.5 million b/d of gasoline products from Houston to Greensboro, North Carolina on Line 1 and 885,000 b/d of refined products from Greensboro into New York Harbor on Line 2, shut its main gasoline and distillate line Sept. 14 due to a power outage caused by Hurricane Nicholas, which was subsequently downgraded to a Tropical Storm.
Author:Margaret Volkova
Tags:Asia, crude and gaz condensate, medicine, COVID-19, USA.
Category:General News
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