Oil prices have soared since the start of the year, due to a number of risk factors such as OPEC-led supply cuts, USA sanctions on oil exporters Iran and Venezuela and escalating fighting in Libya.
The report pointed to a slightly under-supplied market in 2019 if OPEC kept pumping at March's level.
The oil market also followed global stock markets higher after positive corporate earnings results from JP Morgan. Though the rig count itself is a lagging indicator, with additional production showing up with a five-to-six-week latency after new drilling is reported, it is an important gauge to market participants trying to determine if US output is surging again.
"While no industry lasts forever, the age of oil is far from over", Bernstein said.
WTI (oil futures on NYMEX) finally cracked the key resistance-turned-support at 64.00, as the sellers remain in command so far this Thursday, as the sentiment remains weighed down by mounting concerns over the economic slowdown and surging United States crude supplies.
Rupture des ligaments croisés pour Jovetic — ASM
Mais le Portugais en a rajouté une couche ensuite en conférence de presse. " Je suis en colère ". C'est une question de justice également. "Le maintien va se jouer lors des derniers matchs ".
Tiger Woods wins The Masters for the first time since 2005
But it was still more than enough to give him a one-stroke victory over Dustin Johnson , Brooks Koepke, and Xavier Schauffele. Sunday's thrilling victory puts the former world No.1 just three majors behind the all-time record of Jack Nicklaus .
The International Energy Agency on Thursday reported an even lower figure for Venezuela's March output and said the country's production is likely to fall further this month. "The decrease was more than the five-year average of 5.1 mb due to larger gasoline draws and a lower crude build. March preliminary data show a significant crude build in Europe", said the report. The plant supplies Italy with gas through the Greenstream pipeline. The producers are due to meet on June 25-26 to decide whether to extend the pact.
A fourth OPEC source said there were talks about ideas such as whether OPEC should continue with the cuts alone, a deal extension of only three months to keep Russian Federation on board or pumping more if prices rise further.
However, non-OPEC states in the group have complied at a rate of 64%, with Russian Federation lagging behind its target cuts. US drillers added 2 rigs in the latest week, bringing the national count to 833 rigs, oilfield services firm Baker Hughes reported on Friday.
On the demand side, Chinese data showed exports rebounded last month, driving US and euro zone bond yields to three-week highs and helping offset weaker imports and reports of another cut in German growth forecasts.
The Saints won thanks to goals from Nathan Redmond and Shane Long , as they secured a crucial win in their fight for survival. How many games have we had at home? The game was there for us, but we conceded in a way we can not concede.
The game will see a release on all Oculus platforms, including the Rift, the all-in-one Quest, and the high resolution Rift S. The game - titled " Vader Immortal: A Star Wars VR series - Episode I " - will be the first of three episodes in the series.
In an even first half, Salah and Mane both went close for Liverpool after setting up each other with crosses from out wide. Sadio Mane, meanwhile, sank to his knees and thanked Allah above for what was his 18th goal of the season.
However, there are also new purgetroopers, who investigate any sightings of Jedi; you can see them in the trailer. Thanks to his new interview with Jake Hamilton at Star Wars Celebration 2019 , we have more insight into how J.J.
Une performance saluée par Jean-Louis Gasset à l'issue du match, d'autant que le défenseur était blessé. "Oui je crois. Nous avons souffert en première période car Bordeaux a imposé un pressing très haut.
While revenue growth in its ride-hailing business slowed, its food delivery service, Uber Eats , is soaring. The S-1 stated that if Uber considered its drivers as employees, it would be a huge blow to the business.
Game of Thrones Season 8
We'll also share some epic moments from some of our favorite characters including Jon Snow, Daenerys Targaryen and the Hound. Simply log into the HBO Go app (on your smartphone, tablet, console, TV etc.) and select Game of Thrones .
Falcon Heavy successfully launches Arabsat 6A
When the rocket flew a year ago , its two side boosters made synchronized landings on side-by-side ground pads in Florida. SpaceX's Falcon Heavy took off yesterday from the historic Launchpad 39A at the Kennedy Space Centre in Florida.
Le plus grand avion du monde a fait son premier vol
Stratolaunch a réussi samedi son premier vol d'essai , au-dessus du désert de Mojave, dans le sud de la Californie. Mais le décès de Paul Allen, en octobre 2018, rend incertain l'avenir de cet avion aux dimensions exceptionnelles.
Coli Outbreak May Be Ground Beef
It would also be helpful for people to recall and write down everything they consumed the week before getting sick. Coli Outbreak? They're also not discouraging retailers from serving or selling ground beef.
95-year-old American man killed by tornado in Mississippi
A spokeswoman for the Monroe County Sheriff's Office said authorities were in Hamilton and could not be reached for confirmation. National Weather Service meteorologist John Moore said a possible twister touched down in the Vicksburg, Mississippi, area.