Argentina recorded a record high in oil production in July

Argentina recorded a record high in oil production in July. In addition, American media reports that the United States is seeking access to parts of the Venezuelan oil fields and that Venezuela is known to be withdrawing from OPEC and deepening its relations with the United States. Qatar Energy sold at least 7 million barrels of crude oil loaded on ships in October, and Goldman Sachs indicated that oil exports from the Persian Gulf had resumed to about two thirds before the war. The Trump Government is considering an increase of 500 million gallons in the biofuels quota for 2027, and the National Petroleum Corporation of Brazil is considering launching liquefied natural gas exports in response to the surge in demand in Asia. According to market information, Qatar extended the force majeure period for liquefied natural gas in Pakistan to October. On the Iranian side, the United States forces claim to have cleared the international channel mines in the Strait of Hormuz and the United States Department of Justice intends to reopen the capture court to seize Iranian tankers. Trump states that the Strait of Hormuz is open, and the Iranian Minister of Oil states that, despite the decrease, Iran ' s long-sea oil sales and deliveries have not ceased。