WTI and Brent crude oil ended higher in New York session and scored further gains in Asia today as market expected a delay in Iranian crude supplies after a nuclear accord was reached.
China’s largest state-owned microchip designer, Tsinghua Unigroup, has offered to buy USA chipmaker Micron Technology (MU.NASDAQ) for US$23 billion, The Wall Street Journal reported, citing unnamed sources.
In addition, the Kurdish Regional Government, which also controls some production of oil in the northern part of Iraq, is trading less crude with its national government over disputes in payments, reported the IEA.
In its July report, the first to provide insight into 2016, the IEA said annual crude oil gains in the United States next year should decline to 0.3 million b/d from 1.7 million b/d in 2014 and 0.9 million b/d this year.
Two helipads, up to 10 satellite communications antennas and one possible radar tower were visible on Fiery Cross Reef, where Beijing is believed to have carried out the most extensive reclamation works among the islets it occupies.