Saturday , December 14 2019
Home / canada / The dropped guard count can not stop the price slide for oil

The dropped guard count can not stop the price slide for oil


Oil platforms

Baker Hughes reported this week a decrease in three oil and gas equipment in the United States. The total number of active oil and petroleum drilling rigs is at 1,076 seconds according to the number of active oil platforms that increase by 2 to 887 and the number of gas platforms that fall 5 by 189 .

The oil and gas price is now 147 this year last year, of which 138 are on oil platforms.

Crude oil prices fell on Friday and became the worst oil prices for a decade, as fears of excess supply and the slowdown in demand growth prevailed on the hope that OPEC + agreed to stop oil production at its meeting on December 6 and 7.

The benchmark WTI dropped 0.35% (-0.18) to 51.27 dollars at 12:42 p.m. EST-a $ 4 per week slides per barrel per week. Gross Brent crude decreased 0.45% (-0.27) to $ 59.64, also lowering almost $ 4 per barrel.

Canada's oil and gas platforms during the week dropped to five platforms this week after winning seven platforms last week, reaching 199 of total oil and gas consumption to 199, 23 teams less than the year Past, with a decrease of 5 rig. Oil rigs and the amount of gas platforms that remain firm during the week.

Estimates of the EIA for US production during the week ending November 23 are still heavy on prices, with an average of 11.7 million bpd for the third week followed and the production rate higher for the United States.

At 1:07 pm EDT, WTI had slid more to the red one, falling 0.43% (- $ 0.22) to $ 51.23 a day. Gross crude oil fell 0.52% (-0.31 $) at $ 59.60 per barrel.

By Julianne Geiger for

Older readers of

Return to the home page

Source link