Sunday, August 14, 2016

Oil falls back after rising nearly 3% – News Greater Lisbon

“There is an opportunity for the ministers of OPEC and the main exporting countries non-OPEC analyze the market situation, including the possibility of taking measures to stabilize the market,” said Khalid al-Falih, Minister of Saudi Energy Arabia, the Dow Jones.

Angola was in July, the fifth consecutive month, the largest oil African producer, with 1.782 million barrels of crude oil a day, up from 1.508 million barrels a day in Nigeria , whose production fell again. According to the kingdom, the previous record was 10.56 million barrels a day recorded in June 2015. The country used nearly 600 thousand barrels per day oil for electricity last month, reaching the peak of 900,000 barrels per day during the warmer months in the summer. In addition, the United States began to sell oil to the outside for the first time in 40 years.

The barrel oil Brent for October delivery closed Tuesday low of 0.75% on the London futures market, at US $ 44.84.

based on the direct communication, the OPEC reports that the production of Angola amounted to 1.761 million barrels per day, an increase of 8.6 million barrels per day and that Nigeria increased in monthly terms 147,400 barrels per day to 1.527 million barrels per day.

the updated forecast by the IEA is indeed a slowdown in demand given that the variable points to a growth of 1.4 million daily units this year, notes the organization based in Paris . For 2017, the entity provides a significant increase of 260 thousand barrels per day in Brazil. – The largest volume among all producing countries outside the cartel

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