Wednesday , June 23 2021

Oil negatively affects OPEC's sale, partners will discuss the issue of reducing supplies

The Organization for Petroleum Exporting Countries and allied producers have reversed some of the heavy sales of the previous session on future prospects that would reduce meeting attendance next month and rose by 1 percent on Wednesday. prices.

FILE PHOTO: JX Nippon Oil & Energy Corp. plant in Yokohama (Japan) on February 7, 2017. REUTERS / Kim Kyung-Hoon

Reuters and its partners have set a record for one day loss and one-day loss over 12 days after offering to produce up to 1.4 million barrels per day. bpd), above any of these officials.

The LCOc1 unit of Brent crude was up 65 cents per barrel (1 per cent) to $ 66.12 per barrel, up 67.63 dollars per barrel.

The US crude futures Clc1 price rose by 56 cents or by 1.01% to $ 56.25 per barrel after November 12, 2017, down from November 2017.

According to the American Oil Institute, oil prices rose by 8.8 million barrels last month to 4.2 million barrels. It is expected to grow to barrels. [API/S]

Oil markets are pressured by the supply of OPEC, Russia, the United States, and other manufacturers, and worries that the global economic downturn can reduce energy demand.

This lowered the global benchmark Brent brand by 20 percent from October to October, the biggest decline in prices after the fall in prices in 2014.

"Over the last few weeks, the market has been slowing down, while poppies are now producing 1.4 million by 2019. Barrels can be made, "says Jean Macguian, Vice President, Marketing Research on Traditional Power Marketing in Staplett, Connecticut.

"Perhaps the fears of some additional funds and the reduced demand have been estimated at the market, but I think the lower level still exists."

NGc1 natural gas futures increased by 56 percent in 4-1 / 2 years, when oil was down from the October high level. The latest sales of the market have been overwhelmed by the long-term short-term natural gas traders, traded by market participants.

The Brent and US Raw Components Index (RSI) remained below 30, and technical levels are often regarded as a signal to the market that falls too far.

Goldman Sachs has warned financial firms hedging risks associated with the sale of oil products to the oil producers during the downturn.

"This market is trying to reduce the price after 12 unplanned downturns in the market," said Jim Ritterbush, President of Rieterbuses and Associates.

"The focus of the equipment is still glaring dynamics of the gateway, which is still simple, but should indicate signs of recovery before the market price drops."

In its monthly report, the International Energy Agency (IEA), which is based in Paris, in the first half of 2019, totaled $ 2 million.

The IEA forecast for global demand growth in 2018 and 2019 remained unchanged last month, but reduced the forecast for non-OECD demand growth, which is a global consumption expansion engine.

Seven large shale sediments in the United States reached record levels in December and reached $ 7.94 million. It is expected to reach the barrel. This was reported by the US Department of Energy Information.

Growth in land production has led to a record 11.6 million barrels of US production in the C-OUT-T-EIA, which is ahead of the United States as the world's largest oil producer in Russia and Saudi Arabia.

Most analysts say the US will spend $ 12 million in the first half of 2019.

The growth of US production promotes high reserves. U.S. government data storage Thursday. [EIA/S]

Additional Reports by Alex Lawler, Ahmad Ghaddar, Amanda Cooper & Henning Gloystein; Editorial of David Gregorio and Tom Brown

Our standards:Thomson Reuters Trust Principle.

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