Wednesday , March 22 2023

Oil prices slump by 1 percent


Saudi Arabia aims to cut oil output from oil producers: OPEC

On October 6, 2017, Skebeinhardt at Strasbourg, France, rainbow can be seen on a rainbow during sunset. REUTERS / Christian Hartmann

Brent crude oil price was $ 67.41 a barrel. From the last price of Rs 65,100.

The US West Texas Intermediate (WTI) crude futures accounted for 76 cents or 1.4 percent from $ 57.22 a barrel.

"More attention was taken from the market to deal with the challenge of distribution." Siquid Vijayakar, director of Indian Energy Consultancy, said.

With the increase of production of petroleum exports by Saudi Arabia, the OPEC has demanded 1.4 million barrels per day for manufacturing producers and its allies to increase production. prevent oversupply

He is not a member of the Russian energy minister Alexander Novak. OPEC will hold discussions with the OECD Member of Parliament on Wednesday.

On Monday, the price of crude oil dropped by about a quarter after October. The supply hike and distribution growth slowed down.

Washington has been granted after Washington's allowing oil major oil companies to wrap up unexpectedly unexpected surpluses in Tehran in November.

Japanese refineries Fuji Oil is preparing to resume the Iranian crude purchase.

Japanese purchased all purchases of Iranian oil in early November.

Unable to find a solution to the final weekend in the Asia-Pacific Economic Cooperation (APE), markets appreciated both the world's two largest economies, the US and China.

US to APEC "Hussein Said, the chief market strategist of Future's Brokerage FXMM, said," A transaction between President Trump and President will meet later this month when we meet leaders in the G20 summit.

Graphic: US Oil Drying, Production & Storage Standard Staff / 2PBF 7z

More training, more oil

The US production is growing steadily.

US energy companies added two more in November. This has gone up to 888 in total. This is the first time since March. Baker Hughes, energy service firm, has reported a weekly report.

Production of American crude oil has grown. This is a quarter more than last year. This is 11.7 million barrels.

Due to the slowdown in demand and the slowdown in demand, more and more are looking into the oil market in the financial sector. The American Commodity Futures Trading Commission (CFTT) said on Friday that since June 2017, futures and options are cut off by their bullishian peacocks.

The price of US and Brent crude oil for the week ending November 27,

Reported by Henning Glainain; Joseph Radford and Christian Spokinger are edited

Our standards:The Thomson Reuters Trust Principles.
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