Oil becomes more expensive after the publication of the report, OPEC

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoOil becomes more expensive after the publication of the report, OPEC© RIA Novosti / Vitaly to Timepiece the image Bank

World oil prices on Tuesday afternoon grow after the publication of the September report, OPEC, according to the auction.

As of 15.10 MSK price of November futures for North sea petroleum mix of mark Brent has grown on 0,72% — to 54.23 dollars per barrel. The price of October futures for oil of mark WTI have grown on 0,62% — to 48.37 per barrel.

Increase in oil prices contributed data on oil production, published earlier on Tuesday. In the report for September reported that the organization had reduced oil production by 79 thousand barrels per day compared with July — up to 32,755 million barrels per day. OPEC also revised the rating of the oil production of the organization in July, lowering its level by 35 thousand barrels per day — up to 32,834 million barrels per day.

In addition, OPEC raised its forecast for global demand for raw materials in 2017, 0.28 million barrels per day, up to 96,77 million barrels a day, the report of the organization for September. In a previous report, the forecast was 96,49 million barrels a day. The forecast for growth in oil demand in 2017 is approximately 1.42 million barrels per day last year. In 2016, the demand for oil in the world amounted to about of 95.35 million barrels per day.

World oil demand in 2018 has also been revised upwards compared to the previous report up to 98,12 million barrels. Demand growth is expected at 1.35 million barrels a day for the past year.

Read more about oil prices, visit the website RIA Novosti >>

Oil becomes more expensive after the publication of the report, OPEC© RIA Novosti, Integratiebeleid in photomontaged forces in the world oil market

Source

Be the first to comment on "Oil becomes more expensive after the publication of the report, OPEC"

Leave a comment

Your email address will not be published.


*