Home / oil price / Oil prices expected to stay low

Oil prices expected to stay low

collected by :Jack Alex

follow the latest news and price to oil from different sites most famous technicals /Christopher Johnson by 2017-01-16 at 10:15

according to

Oil prices under pressure on doubts over output cuts

Oil prices under pressure on doubts over output cuts*/

– FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym, Russia, January 25, 2016.REUTERS/Sergei Karpukhin/File PhotoLONDON Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that U.S. production would increase again this year.Benchmark Brent crude oil LCOc1 was up 8 cents a barrel at $55.53 after being down for most of the day by 1416 GMT (9:16 a.m.
.

read more from here

Oil prices expected to stay low

Oil prices expected to stay low*/

– The price of oil to remain relatively low for this year and next, according to the US Department of Energy.If the forecast proves correct, it could discourage the search for oil and gas in this country.Photo: 123RFIn its latest outlook, the department’s Energy Information Agency said Brent Crude was expected to average $US53 a barrel in 2017 and $US56 a barrel in 2018.
.

read more from here

Oil prices fall on doubts over output cuts

Oil prices fall on doubts over output cuts*/

– Saudi Arabian energy minister Khalid al-Falih said on Monday that Opec and non-Opec producers are unlikely to extend their agreement to cut oil output beyond six months.Photo: AFPLondon: Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.Benchmark Brent crude oil was down 10 cents a barrel at $55.35 by 2.45pm and US light crude fell 10 cents to $52.27.
.

read more from here

read more
visit us

oil price

Check Also

how far and how quickly the U.S. oil rig count has increased picture-13397-310x165

how far and how quickly the U.S. oil rig count has increased

However, when we consider how far and how quickly the U.S. oil rig count has …