Oil undertone: Brent at $ 55.67
Crude oil prices decline in the international markets. On the platform of ICE Brent changing hands at 55.67 dollars per barrel, a decline of 0.341 percent. Also declined WTI futures, which yields 0.36% and back to $ 52.92.
On Thursday, 12 April 2017, the EIA data on the change in US stocks showed a weekly destocking of 2.166 million barrels against expectations for an increase of 0.087 million and an increase in the previous week to 1.566 million barrels. The data strongly positive for crude assessments, it goes to the decline of these hours of dollar valuations which, as is known, tends to move in the opposite direction to oil prices: the contraction of these hours of the Washington Exchange, after Trump statements (the dollar “is becoming too strong”) therefore supports the black gold prices.
To note that the Egyptian minister of petroleum Tareq el-Molla has announced plans to purchase one million barrels of oil from Iraq per month.
Goldman Sachs also confirmed positive estimates of long-term crude claiming that WTI will rise to $ 57.50 in the second quarter and that Brent will increase to nearly 59 dollars a barrel.
It remains in the background the fear of over-production Use with the EIA which has forecast output growth in stars and stripes by 8.9 million barrels in 2016 to 9.2 million barrels per day in 2017 and 9 , 9 million in 2019.
According to Tethys Oil’s managing director Magnus Nordin, the Swedish oil company is strong and proposes an extra dividend through redemption. The Swedish Oil sector is not in crisis and the...Read More
A Turkish military operation blocked the drillship Saipem 12000 belonging to Italian energy giant ENI in the eastern Mediterranean. The Saipem 12000 rig was halted Saturday by a Turkish Navy ship...Read More
The new agreement signed with Ranya International will allow Iraq to build new Oil Refinery in the semi-autonomous Kurdistan region. Iraqi Oil Minister Jabbar al-Luaibi has signed a contract to build...Read More
The new blocks are located in the waters around Sao Tome and Principe, close to Nigeria, Cameroon, Equatorial Guinea and Angola A partnership between BP and Kosmos Energy has won exploration...Read More
The U.S. announced their intention to open most of the country’s offshore waters to oil and gas drilling, to expand domestic production. January 5th The U.S. Department of interior is ready to...Read More
December 31st Saudi Arabia’s plan to delete its budget deficit by 2023 relies on the increase in Oil Revenues over the next six years. That is what Saudis predict, according to...Read More
After UN sanctions against North Korea for its continuing ballistic missile tests, China has ceased to export oil, gasoline, jet fuel and diesel to the rogue nation. December 28th According to data...Read More
Become a partner
If you are interested in becoming a Dealoil partner please get in touch by emailing us at firstname.lastname@example.org. We look forward to hearing from you. The Dealoil team