Global crude prices generally decreased in the week commencing 30th July. The weekly average Dated Brent price fell by US$0.50/bbl on expectations of stronger production by Russia and Saudi Arabia, coupled with a crude stock build in the US. This comes as Saudi production levels were lower than expected in the aftermath of the OPEC and non-OPEC production agreement. However, Saudi Aramco resumed their shipments on the Bab al-Mandeb strait (between Yemen and Djibouti), which ought to reduce some market tension. Another crude stock build was seen in the US, possibly due to reduced international demand for US crudes amid the US-China trade war, which resulted in another widening of the Brent-WTI differential.