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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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    Oil prices drop due to increased US oil drilling platforms

    Rocky
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    • Post n°1

    Oil prices drop due to increased US oil drilling platforms Empty Oil prices drop due to increased US oil drilling platforms

    Post by Rocky Mon 11 Dec 2017, 1:42 am

    [ltr]Oil prices drop due to increased US oil drilling platforms[/ltr]
    [ltr]Economie[/ltr]
     From 2017-12-11 at 08:54 (Baghdad time)
    [ltr]Oil prices drop due to increased US oil drilling platforms Werwr[/ltr]
    [ltr]Follow up of Mawazine News[/ltr]
    [ltr]Oil prices fell on Monday as the latest increase in the number of drilling platforms in the United States further increased US production, threatening to undermine efforts led by the Organization of Petroleum Exporting Countries (OPEC) to curb the supply of oil in the markets.[/ltr]
    [ltr]US West Texas Intermediate crude futures traded at $ 57.05 a barrel at 0219 GMT, down 31 cents, or 0.5 percent, from the last close.[/ltr]
    [ltr]Brent crude futures fell 34 cents, or 0.5 percent, to $ 63.06 a barrel.[/ltr]
    [ltr]Drilling companies added two oil diggers in the week ending Dec. 8, bringing the total to 751, the highest since September, Baker Hughes Energy Services said on Friday.[/ltr]
    [ltr]The increase in the number of drilling rigs suggests another increase in US crude oil production, which has already increased more than 15 percent since mid-2016 to 9.71 million bpd.[/ltr]
    [ltr]It is the highest level of production in the United States since the early 1970s and is close to the production level of Russia and Saudi Arabia, the two largest producers of crude oil.[/ltr]
    [ltr]High US output threatens to undermine efforts by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC oil producers, particularly Russia, to boost prices by cutting oil supplies.[/ltr]


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