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Oil prices fluctuated because of the US inventory
2/21/2017 0:00
[rtl] Baghdad / follow - up to the morning
there has been a slight rise in oil prices, at a time when investors are studying the effect of increasing the number of drilling rigs in the US standard stocks, whether Sicoadan producers efforts to reduce production and restore balance to the market.
Center of the photo declared Iraq to increase oil reserves to 153 billion barrels, compared with previous estimates at 143 billion barrels.
Brent crude futures up 17 cents to $ 55.98 a barrel, while the rose blend of West Texas , the American mediator 15 cents to $ 53.55, after it fell decades a little earlier in quiet trade, while the basket recorded (OPEC) containing 13 species Khama to $ 53.11 a barrel.
The US energy companies said the fifth week in a row drilling platforms, to continue the wave of recovery , which began nine months ago with investor optimism high prices above $ 50 a barrel most of the period since late November.
Traders predicted that the price rise came amid reports that increasingly reduce Saudi Arabia 's largest oil exporter in the world a little bit about their supply contracted in February quantities including flying supplies to India
and Malaysia.
However, doubts still floating in the reduction of production you will be enough to restore balance to the market suffered from oversupply of crude over the past two years, as well as a concern , another US stocks
higher.
So said US Energy Information Administration: " The country 's production of crude will rise 110 thousand barrels per day in 2017 to up to nine million barrels
per day."
Goldman Sachs predicted in a research note earlier increase US oil production by 405 thousand barrels per day between the last quarter of 2016 and the fourth quarter of 2017, the assumption that the number of US rigs at the levels
present.
The note added that US production would rise by 130 thousand barrels per day on average in 2017 before his
year.
In a related development , the Iraqi oil minister said, Jabbar Allaibi increase Iraq 's oil reserves to 153 billion barrels.
Allaibi said in a newspaper: " The statements of the activities of exploration and reservoir in seven oil fields in central and southern Iraq have contributed to the addition of ten billion barrels of oil reserves , " adding that the country will ask OPEC to adopt the new number.
Iraq is developing oil reserves with the help of foreign companies, which make the new proven reserves approaching Iraq from Iran , which holds reserves estimated at 158 billion barrels.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=132128[/rtl]
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