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The International Energy Agency has reported in its monthly report that in March the US outstripped Saudi Arabia in terms of oil production, which ranked second after Russia in this indicator. According to the IEA, in 2018, the United States will make the largest contribution to the growth of oil production among non-OPEC countries - 1.5 million barrels per day from 1 million 800 thousand barrels per day. It is noted that the increase in production by Canada, Brazil and Kazakhstan will be offset by a fall in China and Mexico. According to the IEA, oil production in the United States in March was 9 million 960 thousand barrels per day, in Saudi Arabia - 9 million 920 thousand barrels per day, in Russia - 11 million 350 thousand barrels per day.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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