Oil prices slipped on Friday, extending a steep fall from the previous session o...
SINGAPORE - Oil prices slipped on Friday, extending a steep fall from the previous session on surging U.S. output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines.
Brent crude oil futures were at $70.56 per barrel at 0127 GMT, down 19 cents, or 0.3 percent, from their last close.Both crude futures lost almost 3 percent in value the previous session. U.S. crude oil production reached a record 12.3 million barrels per day last week, rising by around 2 million bpd over the past year. U.S. crude exports broke through 3 million bpd for the first time this year, according to data from the Energy Information Administration.“One of the things that we can see in the near future is the de-bottlenecking of the Permian basin in the U.S. through new pipelines and export capacity.
Despite these disruptions and sharp oil price rises in the first months of this year, some analysts say the long-term price risk to crude oil is skewed to the downside.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Saudi, UAE overstate their oil capacities: Iran oil ministerIranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirat...
और पढो »
Russia says contaminated oil may be mixed with clean oil to resolve the issueRussian Deputy Energy Minister Pavel Sorokin said on Friday after talks on conta...
और पढो »
Nations using oil 'as a weapon' causing damage to OPEC -Iran oil ministerIran's oil minister hit out on Wednesday against the use of oil sanctions &...
और पढो »
Nations using oil as a weapon threatens OPEC: Iran oil ministerAny country using oil as a weapon could cause the collapse of oil producer group...
और पढो »
Oil dips as U.S. output hits record, but global markets remain tightOil prices dipped on Thursday after data showed record U.S. crude oil production...
और पढो »
Oil set to extend long run of weekly gains in tense global marketOil prices dipped on Friday on expectations that producer club OPEC will soon ra...
और पढो »
Brazil's Petrobras details refinery, other asset sale plansBrazil's state-controlled oil company Petrobras on Friday for the first tim...
और पढो »
Oil dips but set for milestone run of weekly gainsOil prices dipped on Friday on expectations that OPEC will raise output to count...
और पढो »
What Venezuela’s unrest means for gas prices in AmericaU.S. oil refiners, once highly dependent on oil imports from Venezuela, have had to adjust and find their oil elsewhere.
और पढो »
Oil falls after Trump pressures OPEC to raise output“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down,” Trump told reporters.
और पढो »