{"id":118282,"date":"2025-09-01T09:47:03","date_gmt":"2025-09-01T05:47:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118282"},"modified":"2025-09-01T09:47:06","modified_gmt":"2025-09-01T05:47:06","slug":"oil-prices-fall-as-supply-fears-ease-demand-outlook-in-focus","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-fall-as-supply-fears-ease-demand-outlook-in-focus\/09\/01\/market-updates\/","title":{"rendered":"Oil Prices Fall as Supply Fears Ease, Demand Outlook in Focus"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Oil prices slipped in Asian trading on Monday, extending last month\u2019s losses as traders discounted the likelihood of immediate supply disruptions from potential secondary sanctions on Russian crude and instead focused on Chinese factory data for demand cues.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent October futures:<\/strong> $67.21 (-0.4%)<\/li>\n\n\n\n<li><strong>WTI crude futures:<\/strong> $63.78 (-0.4%)<\/li>\n\n\n\n<li><strong>August performance:<\/strong> Both contracts dropped <strong>over 7%<\/strong>, weighed by <strong>steady OPEC+ production hikes<\/strong> and fears of a supply glut.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Sanction Risks Lose Momentum<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Market reaction to renewed <strong>European calls for secondary sanctions<\/strong> on Russian oil buyers was muted.<\/li>\n\n\n\n<li>Analysts at <strong>ING<\/strong> noted that without <strong>U.S. backing<\/strong>, additional European measures may have limited impact.<\/li>\n\n\n\n<li>So far, Washington has only imposed <strong>secondary tariffs on India<\/strong>, raising duties to <strong>50% from August 27<\/strong>, while key buyers like <strong>China<\/strong> remain unaffected.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Demand Outlook and Seasonal Factors<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>U.S. fuel demand is expected to <strong>soften post-Labor Day<\/strong>, marking the end of the summer driving season.<\/li>\n\n\n\n<li>Rising <strong>OPEC+ output<\/strong> in coming months could further pressure balances if economic growth falters.<\/li>\n\n\n\n<li>Attention turned to <strong>Chinese PMI data<\/strong>, which gave a mixed picture:\n<ul class=\"wp-block-list\">\n<li><strong>Official PMI<\/strong>: contracted again in August.<\/li>\n\n\n\n<li><strong>Private survey (Caixin\/RatigDog)<\/strong>: showed factory activity rebounded at the <strong>fastest pace in five months<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market Takeaway<\/h3>\n\n\n\n<p>The oil market faces a <strong>tug-of-war<\/strong> between fading supply disruption fears and an <strong>uncertain demand outlook<\/strong>, particularly in China. With OPEC+ supply rising and U.S. consumption set to cool, the near-term risk leans towards <strong>inventory builds<\/strong> unless global growth stabilizes.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped in Asian trading on Monday, extending last month\u2019s losses as traders discounted the likelihood of immediate supply disruptions from potential secondary sanctions on Russian crude and instead focused on Chinese factory data for demand cues. Brent October futures: $67.21 (-0.4%) WTI crude futures: $63.78 (-0.4%) August performance: Both contracts dropped over 7%, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":102545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-118282","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118282"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118282\/revisions"}],"predecessor-version":[{"id":118283,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118282\/revisions\/118283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/102545"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}