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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The United States expands in the oil market, taking advantage of lower production agreement

    Rocky
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    • Post n°1

    The United States expands in the oil market, taking advantage of lower production agreement Empty The United States expands in the oil market, taking advantage of lower production agreement

    Post by Rocky Sat 08 Apr 2017, 3:58 am

    The United States expands in the oil market, taking advantage of lower production agreement


    Publication date: 08.04.2017


    Reuters Andrew Cullen
    The United States expands in the oil market, taking advantage of lower production agreement
    A + A A- Copy the link36

    The United States continues to increase its production of crude oil, taking advantage of declining oil supply by the members of the Organization "OPEC" countries and Russia.

    US companies increased the number of oil rigs twelfth consecutive week in a continuation of a wave recovery period of 11 months.

    The company said, "Baker Hughes" Energy Services, on Friday, the companies said 10 oil rigs the week ending April 7 / April, bringing the total number to 672 excavator, which is the largest since August 2015.

    While the historic agreement resulted in reduced production between the "OPEC" and independent producers agreement, which is the first in eight years, to the decline of price fluctuations in the market stability and broadcast, it was a catalyst for shale oil producers to increase their activities.

    Analysts expect an increase of shale oil production in the state of Texas by 600 thousand to 700 thousand barrels per day by the end of this year.


    vestifinance.ru
    Chart oil production movement in the United States appears to coincide with the change of drilling activities
    As evidence of the expansion of American companies in the oil market, the newspaper "Financial Times" said that US oil production, in February, rose by 1.21 million barrels per day, compared to 32 thousand barrels per day in the same period of 2010.

    Expects the US Energy Department that the average oil production of the country in 2017, around 9.2 million barrels per day, 8.9 million barrels in 2016. year and next year, the ministry likely reach 9.7 million barrels of production.

    Thus, shale oil industry defies the United States blatantly "OPEC", which concluded a production cut agreement, last November, contributed to the recovery of prices, after the price of a barrel of oil early last year, below the level of $ 30, what It led to the closure of about 100 companies.

    Source: "Vesti"

    Fred Gaerli

    https://arabic.rt.com/business/872270-%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC/
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