World oil prices are rising on Monday morning, supporting quotes expectations for the demand for this type of raw material after news of imports to China from the United States, traders also expect a meeting of the OPEC+ committees this week, according to trading data.
The price of October futures for Brent North sea oil mix was growing by 0.89%, to 45.2 dollars per barrel, and September futures for WTI were rising by 1.05%, to 42.54 dollars per barrel.
Earlier, Reuters reported, citing sources, that China’s state oil companies had booked tankers to carry about 20 million barrels of American oil in August and September. China is the world’s largest oil importer, and the United States is the largest oil producer.
Markets also look ahead to the OPEC meeting, which is scheduled for this week. Meetings of the Technical Committee and the OPEC + Ministerial Committee were planned for August 17 and 18, respectively, in July. Last week, Russian Energy Minister Alexander Novak said that OPEC+ countries are discussing postponing the meeting of the Ministerial monitoring Committee from August 18 to August 19.