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Oil is falling after production in the United States is rising at a high level



With raw stock it rose to 5.8 million barrels last week

Oil prices continued to fall, while US oil products rose to another record level, and US inventories rose more than expected, according to Ski Nevs.

In particular, the US Energy Information Administration said crude stocks in the United States increased 5.8 million barrels last week, exceeding expectations by analysts.

Crude production amounted to 11.6 million barrels per day, and weekly data could be unstable, and the August data, the latest monthly figure, show that total production reached more than 11.3 million barrels.

US crude fuels fell 54 cents to $ 61.67 a barrel, which is about 20 percent less than $ 76.41 in early October.

Brent crude fell six cents to fall to $ 72.07 a barrel, recovering from low sessions in sub-energy data, supported by previous reports that Russia and Saudi Arabia are considering reducing their crude product next year.

Iranian oil exports are expected to fall after the United States has again imposed sanctions that came into force on Monday, according to OPEC and others reports that the world oil market could see a surplus in 2019, as demand slows down.

Washington has also approved eight countries that import Iran's crude exemption from sanctions imposed on Tehran.

Russia and Saudi Arabia have started bilateral talks on returning to cut production next year, while OPEC decided in June to ease production restrictions that have been in force since 2017, following pressure from US President Donald Trump, the Russian news agency Tass quoted unnamed sources.

Oil is falling as US production increases more than expected


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Oil prices continued to fall, while US oil products rose to another record level, and US inventories rose more than expected, according to Ski Nevs.

In particular, the US Energy Information Administration said crude stocks in the United States increased 5.8 million barrels last week, exceeding expectations by analysts.

Crude production amounted to 11.6 million barrels per day, and weekly data could be unstable, and the August data, the latest monthly figure, show that total production reached more than 11.3 million barrels.

US crude fuels fell 54 cents to $ 61.67 a barrel, which is about 20 percent less than $ 76.41 in early October.

Brent crude fell six cents to fall to $ 72.07 a barrel, recovering from low sessions in sub-energy data, supported by previous reports that Russia and Saudi Arabia are considering reducing their crude product next year.

Iranian oil exports are expected to fall after the United States has again imposed sanctions that came into force on Monday, according to OPEC and others reports that the world oil market could see a surplus in 2019, as demand slows down.

Washington has also approved eight countries that import Iran's crude exemption from sanctions imposed on Tehran.

Russia and Saudi Arabia have started bilateral talks on returning to cut production next year, while OPEC decided in June to ease production restrictions that have been in force since 2017, following pressure from US President Donald Trump, the Russian news agency Tass quoted unnamed sources.

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With raw stock it rose to 5.8 million barrels last week

Oil prices continued to fall, while US oil products rose to another record level, and US inventories rose more than expected, according to Ski Nevs.

In particular, the US Energy Information Administration said crude stocks in the United States increased 5.8 million barrels last week, exceeding expectations by analysts.

Crude production amounted to 11.6 million barrels per day, and weekly data could be unstable, and the August data, the latest monthly figure, show that total production reached more than 11.3 million barrels.

US crude fuels fell 54 cents to $ 61.67 a barrel, which is about 20 percent less than $ 76.41 in early October.

Brent crude fell six cents to fall to $ 72.07 a barrel, recovering from low sessions in sub-energy data, supported by previous reports that Russia and Saudi Arabia are considering reducing their crude product next year.

Iranian oil exports are expected to fall after the United States has again imposed sanctions that came into force on Monday, according to OPEC and others reports that the world oil market could see a surplus in 2019, as demand slows down.

Washington has also approved eight countries that import Iran's crude exemption from sanctions imposed on Tehran.

Russia and Saudi Arabia have started bilateral talks on returning to cut production next year, while OPEC decided in June to ease production restrictions that have been in force since 2017, following pressure from US President Donald Trump, the Russian news agency Tass quoted unnamed sources.


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