Home
Falling oil prices due to the recent increase in the number of drilling rigs in the United States
Date: 10/17/2016 09:02
| Visits: 148
Information / Baghdad ..
Oil prices fell in the early hours of Monday morning as a result of increasing the number of oil rigs in the United States and rising OPEC production to a record high and slowing global economic growth, which could weaken demand for fuel.
Futures contracts for WTI US prices have dropped by median 32 cents to $ 50.03 a barrel at 0030 GMT, compared with its level at the previous close.
Traders said WTI fell due to a further increase in the activity of drilling for oil in the United States.
She said Baker Hughes energy services company on Friday that oil exploration companies in the United States added four rigs in the week ending October 14. This was the sixth week in a row in which the number of drilling rigs has not seen any decline, suggesting increasing the size of the expected production.
And also it landed contracts futures price for Brent 20 cents from the last closing price to $ 51.75 a barrel.
Traders said Brent hit by rising OPEC production to a record level of organization where production hit a record high of 33.6 million barrels of crude oil per day in September. Finished / 25 p.
http://almaalomah.info/2016/10/17/economic/95624
» Parliamentary Foreign Affairs Committee to NINA: This is what is delaying the selection of the list
» Parliamentary lawsuit to challenge the contract with the International Finance Corporation
» Minister of Justice issues directive regarding foreign lawsuits file
» How will Trump's victory affect Iraq?
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Formation of the regional government.. How much influence does the new US administration have on the
» Al-Sudani announces the receipt of the five berths that represent the backbone of Al-Faw Port
» Despite its global rise... Iraqi oil returns to the red zone
» Iraq Counts on the Grand Faw Port, and an Expert Says: It Will Change the Economy - Urgent
» Rafidain Bank expands comprehensive banking system to include 48 branches
» "The reference" indicates the seriousness of the situation... and the political forces "shuffle the
» Criminal wanted by Iraqi judiciary.. Rashid and Al-Sudani’s congratulations to Trump spark widesprea
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Parliamentary Security and Defense: There are “fake” security companies run by “suspicious” figures
» Fares Issa meets the Czech Ambassador to Iraq
» Al-Sudani issues several directives to lift the ban on Iraqi Airways
» Makkia: Iraq is heading towards a major investment marathon
» Al-Fatlawi: The population census enumeration and numbering process exceeded 98% throughout Iraq
» Ministerial Council: Talk of using Iraqi territory as a launching pad for false pretext attacks
» Türkiye: Our relationship with Iraq is witnessing positive development and we are keen to strengthen
» Basra Gas Company announces the return of production and export operations to normal
» Former Minister Reveals “Exciting” Details Concerning Leaks... What’s the Story of the Electronic Fl
» Al-Sudani receives the five berths of Al-Faw Port from the Korean company
» Implementation of judicial memoranda of understanding on the table of the meeting between Faeq Zidan
» List of dollar prices in Iraqi markets today, Thursday
» It will include smaller areas and eliminate the sponsor.. Insistence on legislating the “Housing Fun
» Prime Minister: We are facing a new Iraq and the path of development will be an artery linking most
» Completion rates have increased fivefold in two years.. “Amazing” information and scenes from Al-Faw
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
» Central Bank: Importance of cooperation and money transfer to facilitate trade with Azerbaijan
» Iraqi Businesswomen Council: A safe environment to support women’s entrepreneurship and develop skil
» Economist: The value of the dinar will decrease and the financial deficit will increase
» American website: Iraq's budget suffers from a deficit of $49.3 billion
» Good news for journalists and writers.. The "financial grant" will be launched on this date
» Iraq is the third Arab country in gold reserves
» Wanted by Iraqi judiciary.. An "Iraqi-American" diplomatic crisis with Trump's victory in the US pre
» Central Bank of Iraq sells more than $280 million in auction today
» Trump's victory... will it be a lifeline from the "judicial guillotine"?
» After winning the presidential race, Trump talks about a “strong mandate”
» Al-Sudani chairs meeting with IATA delegation
» Central Bank Governor stresses need for cooperation to facilitate trade with Azerbaijan
» utube 11/6/24 Donald Trump's full victory speech
» Deep State Confronted by Trump.. Will Elon Musk Lead America, the World and “Mars”?
» Alsumaria Noon Bulletin Files: Trump's Victory and Objections to the General Amnesty Law
» Parliamentary bloc explains reasons for demanding extension of legislative term
» Al-Sudani discusses with an international delegation lifting the ban on Iraqi Airways
» Axios: Washington warned Baghdad that Israel may attack Iraq if it does not prevent the Iranian atta
» Trump declares victory in US elections: I will not start wars, but I will end them
» Parliamentary Foreign Affairs: Trump is wanted by the Iraqi judiciary, but the country's interest co
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Bitcoin Hits All-Time High in Early Trading
» Iraq tops the list of countries importing Arab products related to construction activity
» 2025 Strong national economy and sound banks
» Government stresses the need to secure petroleum derivatives for energy production
» Anbar: The second phase of the electricity connection with Jordan has reached its end
» Iraq's gold holdings rise to more than 152.5 tons
» Al-Alaq stresses to Azerbaijani ambassador the importance of cooperation in transferring money to fa
» 7 decisions on the general population census
» The world awaits the new US president
» Sudanese demands stopping the Zionist aggression
» Wasit: Distribution of seeds among farmers with a support rate of 70 percent
» Trade: Central markets {hypermarkets} to officially open in 2025
» Civil Service Council: Controls for appointing land donors
» Baghdad Municipality: Measures to avoid damage from oil spills in the Tigris
» The Board of Trustees discusses a number of topics related to developing the work of the media netwo
» Sovereign guarantees boost labor market
» Mazhar Saleh: No impact of oil price drop on operating budget
» Iraq's share in the IMF
» Trump's "Historic" Victory: World Leaders Congratulate Him
» Amid US Elections, China Hopes for Peaceful Coexistence with US
» Judge Zeidan discusses with the Special Representative of the Secretary-General of the United Nation
» The President of the Republic congratulates Trump on winning the presidential elections in the Unite
» Following Trump's victory, EU leaders call for emergency meeting
» Nineveh Education: We completed 52 schools under the Chinese loan
» With Arab and foreign participation...the launch of the sessions of the Ninth International Scientif
» Al-Sudani chairs a meeting to follow up on fuel procedures for energy production
» Bitcoin Touches $75K for First Time as Investors Bet on Trump Win
» Trump's Trading Gains Momentum... Markets and Stocks Rise Strongly
» Parliament responds to the framework’s call and sets the extension period for its legislative term
» After the decision to compensate the region for the costs of oil production and transportation.. an
» For the first time in 4 years, Republicans win the majority in the Senate
» Challenges of Trump's Arrival to the White House and Its Impact on Iraq
» Zidane discusses with Al-Hassan the judicial procedures for achieving security and social stability
» US Stocks, Bitcoin Gain as Trump Surges in Election Race
» Dollar price drops against dinar in Iraq
» Workers in Iraq: Continued "marginalization" and calls to "ratify" the retirement and social securit
» “Pharmaceutical Cities”: A Step Towards Self-Sufficiency or a New Challenge for Local Industry?
» In a phone call with the US Secretary of State... Al-Sudani warns of the dangers of the continuation
» It has not happened in 132 years.. Trump is on the verge of a historic achievement
» Iraqi Drilling: Drilling and rehabilitating 15 oil wells in October to boost production
» Iraq Facing Challenges: Hopes of Establishing a Waste Recycling Plant in the East... Will It Succeed
» Interior: Unprecedented decline in crime rates across Iraq
» ILO: Enacting the Social Security Law in Iraq is a Historic Step Towards Protecting Workers
» Iraqi Tourism Companies Association participates in World Travel Market
» Al-Sudani stresses to Blinken the need to double efforts to stop the war
» The Iraqi Council of Ministers approves a set of service, economic and urban decisions
» Trump's Win Prospects Lift Stocks, Markets Strongly... Dollar at 5-Year High
» A look at the latest results.. Republicans swallow the House of Representatives, the Senate and the