Crude Oil Price: US-China Trade Fears Capping Crude Oil For Now
11 Février, 2019, 21:36 | Auteur: Auguste Feret
U.S. West Texas Intermediate (WTI) crude fell 65 cents, or 1.2 percent, to $52.07 a barrel.
Energy firms in the United States last week increased the number of oil rigs operating for the second time in three weeks, pointing to a further rise in US crude production, a weekly report by Baker Hughes said on Friday. The markets continue to be underpinned by the OPEC-led production cuts and USA sanctions against Venezuelan exports.
Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of February in a rarely seen development in global oil prices.
The third key reason for Middle Eastern sour crude to trade higher than Brent is the uncertainty over whether the USA will extend waivers (if any) to Iran's oil buyers when the current exemptions expire in early May.
According to Baker Hughes, U.S. energy firms last week increased the number of oil rigs operating for the second time in three weeks. The report released on Friday showed producers added seven oil rigs in the week to February 8, bringing the total count to 854.
Le prince Philip renonce finalement à son permis de conduire
Le prince Philip a rendu son permis de conduire, a annoncé Buckingham Palace, rapporte la BBC ( en anglais ), samedi 9 février. Emma Fairweather s'était plainte la semaine dernière dans le Sunday Mirror de n'avoir pas reçu d'excuses de la part du prince.
President Trump Preps for El Paso Rally
In her penned letter to the White House, Escobar asked the president to apologize to the residents of the city for the comments. Their demonstration came ahead of the president's rally to be held Monday in the El Paso Coliseum.
Concerns are also being raised about the sustainability of the OPEC-led supply cuts which include Russian Federation. According to Reuters, the head of Russian oil giant Rosneft, Igor Sechin, has written to Russian President Vladimir Putin, saying Moscow's deal with OPEC to withhold output is a strategic threat and plays into the hands of the United States.
Oil prices fell on Monday as an uptick in US drilling and concerns about demand due to the slow progress in U.S.
U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before the March 1 deadline, dampening hopes of a quick trade pact. Trade talks between the two economic powerhouses are set to begin this week, but the two parties are said to be far from reaching a deal.
First, OPEC is now on a mission to cut supply again in a bid to rebalance the market and lift prices, and many OPEC producers do pump and cut from medium to heavy grades.
So far, 14 people have been pulled alive from the wreckage of the building in Istanbul's mostly residential Kartal district. Environment Minister Murat Kurum, who accompanied Erdogan, said the block had housed 14 apartments and three businesses.
The former Premier League club are languishing in mid-table in League Two, the fourth tier of the English game. This will be the first senior managerial role of Scholes' career with a club he supported as a child.
Depuis quelques années déjà, les bloqueurs de publicités (les incontournables " adblocks ") ont la cote auprès des internautes. Spotify vous demande de diffuser de la musique en continu, mais uniquement si vous payez avec votre argent ou votre temps.
His Nissan Altima, described as a 2015 or newer, had a paper tag that had partial number of either "CFJ7" or "CFF7". Cruz also said that the department does not "know the whereabouts of this young lady".
L'assemblage du premier sous-marin doit débuter en 2023 pour une première livraison au tout début des années 2030. Le groupe naval est chargé de la conception et de la construction des douze submersibles et du chantier naval.
They said that if the now deployed measures are unable to drive the bears away, they may need to be culled. The arctic animals are recognized as endangered species in Russian, and hunting them is banned.
Anyone born in or after 1966 who has not previously received two measles-containing vaccines is eligible for free MMR vaccine. People born before 1994 or who grew up outside of B.C. may need a second dose.
Insects could be wiped out within a century - scientists
The projections are based on the downward trajectory of the world's insect mass, which is thought to be falling by 2.5% per year. In ten years you will have a quarter less, in 50 years only half left and in 100 years you will have none.