America Now 'Pumping More Oil' than Saudi Arabia, Russia — USA UNLEASHED

09 Novembre, 2018, 05:24 | Auteur: Auguste Feret
  • Embedded Image

Oil prices fell more than 1 per cent on Thursday, surrendering early gains as investors focused on swelling global crude supply, which is increasing more quickly than many had expected.

The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year.

WTI Crude prices slipped on Thursday by more than 20 percent from the four-year high hit just last month, entering bear market territory, as oil production in the United States continues to grow, Russian Federation and Saudi Arabia put a lot more oil on the market, while the global economy and oil demand growth are starting to show signs of slowdown.

Forecasts of a 2019 supply surplus and slowing demand have also dented the market.

As the sanctions start approached, the market started to question how longer demand growth would hold amid oil prices at their highest in four years. The kingdom has lifted output close to record levels, while Libya is pumping the most in five years. -China trade war will damp fuel demand as supply grows from multiple directions. That meeting is billed for December 6 and Dec 7 in Vienna. It makes the United States the world's biggest producer of crude oil.

Sinéad O’Connor says she’s ‘disgusted’ by white people in Twitter rant
Posting the comment - which she herself described as "so racist" - on Twitter today, Sinead said: "I'm terribly sorry". O'Connor's most recent tweet on the matter read, "Final word.

Camille Combal remplace Jean-Pierre Foucault dans "Qui veut gagner des millions"
On m'a passé plusieurs fois le relais au cours de ma carrière, comme Guy Lux avec Intervilles. Et pour les fans inquiets, pas de problème: la version du jeu de change pas.

Affaire Valbuena : La justice valide l'enquête contre Benzema
Son client, a-t-il ajouté, attend désormais "que la justice passe, qu'elle dise ce qu'il s'est exactement passé". Karim Benzema et cinq autres personnes sont mises en examen dans ce dossier.

More U.S. oil will likely come. The EIA expects output to break through 12 million bpd by mid-2019, largely thanks to a surge in shale oil production.

Saudi Minister Al-Falih discussed the agenda of the Abu Dhabi meeting with his Russian counterpart Alexander Novak by phone on Monday, an official familiar with the matter said, asking not to be identified as the information isn't public yet. While there has been talk in the market that the group should consider renewed output cuts, Russian Federation now isn't ready for such a decision, the official said.

With output overall rising, supply is ample despite the Iran sanctions now in place, prompting rumblings within the Middle East dominated Organisation of the Petroleum Exporting Countries (OPEC) that renewed supply cuts may be needed next year to prevent a glut. Some members, like Iraq, are pressing on with new projects.

"OPEC and Russian Federation may use (production) cuts to support $70 per barrel", said Ole Hansen, head of commodity strategy at Saxo Bank. Opec's own projections show that next year the world will need about 1 million barrels a day less than the 31.8 million its 15 members pumped in September.

Conseillé:

  • CC Sabathia Returning to New York Yankees on One-Year Deal

    CC Sabathia Returning to New York Yankees on One-Year Deal

    The 25-year-old was 10-6 with a 3.86 ERA in 22 starts and three relief appearances this year, striking out 142 in 128⅓ innings. He is second among active pitchers in wins and starts to Bartolo Colon (247-188 in 565 games, including 552 starts).
    Chris Christie floated as Sessions replacement after Trump installs 'acting' loyalist

    Chris Christie floated as Sessions replacement after Trump installs 'acting' loyalist

    Whitaker , a former US attorney for the Southern District of Iowa, had served as Sessions's chief of staff since September 2017. Winning confirmation in the Senate may become easier because Republicans gained seats in Tuesday's midterm elections .
    Aulas pleure encore sur le PSG !

    Aulas pleure encore sur le PSG !

    Mais vous ne me reprendrez pas de toute façon si je pleure contre l'arbitrage, contrairement au PSG que vous reprenez partout ". Mais "je ne vais pas faire comme le Paris Saint-Germain, de pleurer sur toutes les antennes.
  • Hollywood : Michael Douglas inaugure en famille son étoile

    Hollywood : Michael Douglas inaugure en famille son étoile

    Jane Fonda s'est quant à elle demandé pourquoi Douglas junior avait dû attendre si longtemps pour avoir son étoile à Hollywood.
    Donald Trump Insults CNN Reporter in Heated Press Conference

    Donald Trump Insults CNN Reporter in Heated Press Conference

    NBC's Peter Alexander defended Acosta, saying he is a diligent reporter, but Trump told Alexander he wasn't a fan of his, either. Sanders, who has not said where the tweeted video came from, said it clearly shows Acosta made contact with the intern.
    Antonio Brown Busted Going 100 MPH Near Bank Robbery

    Antonio Brown Busted Going 100 MPH Near Bank Robbery

    Brown, who is not a suspect in the robbery, was stopped, ticketed with a reckless driving citation and sent along his way. The vehicle in question was Brown's black Porsche ( see it here ).
  • Ezra Miller Opens Up About His Sexuality

    Ezra Miller Opens Up About His Sexuality

    The #MeToo movement, for all the heartache and trauma it has churned up, enlightened people. Ezra Miller at the 2017 San Diego Comic-Con International in San Diego.
    Reaction to Tampa Bay Rays trade for Zunino

    Reaction to Tampa Bay Rays trade for Zunino

    Smith played in 141 games for Tampa in 2018, his second year with the Rays, slashing.296/.367/.406 with two home runs and 40 RBI. Zunino, 27, hit.251/.331/.509 in 2017, good for a 125 OPS+, but that dipped to.201/.259/.410 (85 OPS+) last season.
    Mamoudou Gassama : le

    Mamoudou Gassama : le "Spiderman malien" naturalisé Français depuis mardi

    Il lui a été remis lors d'une cérémonie où il été mêlé à 59 autres habitants du département naturalisés comme lui. Le 6 novembre, le préfet de Seine-Saint-Denis lui a donné le document concrétisant sa citoyenneté française.
  • Google revising sexual harassment policies after worker backlash

    Google revising sexual harassment policies after worker backlash

    These details will include "the number of substantiated or partially substantiated concerns over time , by function". They had called on Alphabet to add an employee to its board and share gender-related pay data, neither of which Mr.
    Disney+ Streaming Service Is Coming With Marvel, Star Wars Series in 2019

    Disney+ Streaming Service Is Coming With Marvel, Star Wars Series in 2019

    The show is one of several ambitious series coming to Disney's Netflix challenger, which it has christened Disney+. Disney announced fresh details of its family focused streaming service, including the new name - Disney +.
    At Least 12 Killed in California Bar Shooting

    At Least 12 Killed in California Bar Shooting

    Knapp said he tried to help other people in the bar take cover, then headed for the bar's patio and jumped over a fence to safety. He died a hero. "Tonight, as I told his wife, he died a hero because he went in to save lives, to save other people".


Populaire

Meg Ryan And John Mellencamp Announce Their Engagement
The When Harry Met Sally actress confirmed the news a day after she was spotted in New York City, sporting a diamond ring. The You've Got Mail actress was married to Dennis Quaid from 1991-2001 whom shares 26-year-old son Jack .

White House bans CNN reporter Jim Acosta after Trump row
Both Sanders and Watson used the clip to attack Acosta , but the 15-second video has been distorted to make Acosta look menacing. Sanders alleged that Acosta "placed his hands" on a White House intern during a testy exchange with President Donald Trump .

Arkansas Soccer Set To Host NCAA Tournament Game For 2nd Time
The following weekend, the Aggies played Notre Dame to a 2-2 draw before their season ended in a penalty kick shootout. Louis ended with a 3-1 victory for the University of Chicago men's soccer team over Washington University in St.

Le bouleversant appel au secours d'un petit garçon harcelé à l'école
Je veux rejoindre le Bon Dieu pour toujours et qu'il arrête de me taper", explique-t-il, en larmes, dans cette vidéo déchirante. La sœur du petit garçon a diffusé l'adresse familiale pour que ceux qui le souhaitent puissent envoyer des cadeaux à l'écolier.

Hamilton says Bottas pairing is the greatest in F1 history
This season is the second time the F1 calendar has been at its longest, with a total of 21 races. "It's not something I've asked Valtteri if he wants, but I don't think he's going to want that.

13 people dead in California bar shooting, including deputy and gunman
He said the shooter entered and turned to the door counter and coat check area before eventually working his way to the bar. Ron Helus , arrived at the scene with a California Highway Patrol officer and was shot multiple times, according to the AP.

Everton hit with major Premier League ban
Accordingly, we have accepted the penalties imposed on us by the Premier League and have given them our strongest apologies. They will now be unable to sign players between the ages of 10 and 18 for a full two years.

Surprise! Gabrielle Union And Dwyane Wade Welcome First Child Together
In the post, Wade welcomed the baby girl born Wednesday night via surrogate using lyrics from Bill Withers' song "Lovely Day". The sportsman also has another son, Xavier, three, who was conceived with another woman when he had split from Gabrielle.

Chez Tesla, une femme surveillera désormais la conduite de Musk
L'accord conclu avec la SEC prévoit que le milliardaire ne peut plus exercer la présidence de son entreprise durant trois ans. Ce dernier restera toutefois directeur de l'entreprise .

Norwegian frigate could sink after being rammed in harbour
Norway's emergency services have confirmed the Helge Instad is sinking as there is "no control over the leak". Eight people were slightly injured, and the 127-strong crew were taken off the frigate.