U.S. crude oil inventories rose last week, while refined oil inventories fell , according to API data . crude inventories rose by about 3.8 million barrels in the week to July 1. gasoline prices inventories fell by 1.8 million barrels, while distillate inventories fell by about 635,000 barrels.
Equinor ASA said all oil oil prices .
Additionally, the U.S. Treasury Office of Foreign Assets Control (OFAC) sanctioned an international network of individuals and entities, according to the U.S. Treasury website. The network uses front companies based in the Gulf to help Iranian companies ship and sell hundreds of millions of dollars worth of Iranian oil and petrochemicals to East Asia.
“While the United States is committed to reaching an agreement with Iran and seeking to restore compliance with the Joint Comprehensive Plan of Action, we will continue to make every effort to sell oil and petrochemicals to Iran,” said the Treasury Undersecretary for Terrorism and Financial Intelligence. impose sanctions.”