Saudi Arabia is expected to consume a significant share of the additional production domestically
Brent gained around 14 per cent in September
Brent crude futures declined 0.07 per cent to $99.18 a barrel as of 0119 GMT, while West Texas Intermediate (WTI) futures fell 0.39 per cent to $90.17 per barrel
Brent crude futures for November rose USD 1.14, or 1.1 per cent, to USD 101.48 per barrel at 0317 GMT
The attacks followed recent Houthi advances along Yemen’s western coastline, including the capture of Perim Island at the entrance to the Red Sea
US crude rose 1.27 per cent to $102.68 a barrel, while Brent crude gained 1.21 per cent to $106.96 amid renewed concerns over oil supplies from the Middle East
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
The latest orders span India, the Middle East and the Americas and include high-voltage transmission infrastructure as well as the supply of towers, hardware and cables
The latest increase followed fresh military action involving the US and Iran as well as attacks by Iran-backed Houthis on Saudi Arabia, adding to uncertainty over energy supplies from the region
Shipments from Asia, including India, are expected to total between 1.8 million and 2 million metric tonnes, equivalent to roughly 13.4 million to 14.9 million barrels, during August
