The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil retreats after industry data show U.S. stockpiles expanding

Pubdate:2016-07-15 11:19 Source:zhangmeng Click:
NEW YORK (Bloomberg) -- Oil fell after the biggest gain in three months as U.S. industry data showed the nation’s crude stockpiles increased, adding to concerns about oversupply.
 
Futures lost as much as 1.6% in New York. Inventories rose 2.2 MMbbl last week, the American Petroleum Institute was said to report. Middle East production has climbed to a record while U.S. output slumps, a sign that OPEC’s strategy of defending market share is succeeding, the International Energy Agency said in its monthly oil market report.
 
Oil has traded between $44 and $51 in the last month after almost doubling from a 12-year low in February amid supply disruptions from Canada to Nigeria and falling U.S. output. The rate of decline in non-OPEC supply will slow next year, the Organization of Petroleum Exporting Countries said in a report.
 
“When the macro dust settles, which might take a while, it will become apparent that oil fundamentals are weaker than many realized,” said Julius Walker, senior consultant at JBC Energy in Vienna. “While our base case is for crude prices to remain close to $50, we now see a real risk of prices temporarily heading closer to $40.”
 
West Texas Intermediate crude for August delivery fell as much as 73 cents to $46.07/bbl on the New York Mercantile Exchange, and was at $46.27 at 10:46 a.m. London time. The grade increased $2.04 to settle at $46.80 on Tuesday, the biggest one-day gain since April 8. Total volume traded was about 10% above the 100-day average.
 
U.S. Supplies
 
Brent for September settlement slid as much as 1.9% to $47.56/bbl on the London-based ICE Futures Europe exchange. The contract advanced $2.22, or 4.8%, to close at $48.47/bbl on Tuesday. The global benchmark crude traded at premium of 79 cents to WTI for September delivery.
 
Crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest U.S. oil-storage hub, dropped 166,000 bbl last week, the API said, according to a person familiar with the figures. Nationwide supplies are forecast to decline 3 MMbbl in the week ended July 8, according to a Bloomberg survey before Energy Information Administration data Wednesday.
 
The EIA increased its U.S. crude output forecast for 2017 to 8.2 MMbpd from the 8.19 MMbpd projected in June, according to the monthly Short-Term Energy Outlook released Tuesday. Production in 2016 will be 8.61 MMbopd, up from the 8.6 MMbopd in last month’s report.
主站蜘蛛池模板: 草莓视频在线观看18| 五月婷婷俺也去开心| chinese激烈高潮HD| 精品一区二区三区在线观看视频| 手机看片一区二区| 国产三香港三韩国三级不卡| 久久国产精品二国产精品| 高清无码视频直接看| 日本精品高清一区二区| 国产午夜精品一二区理论影院| 久久国产精品99精品国产| 韩国伦理片久久电影网| 日日摸夜夜搂人人要| 国产AV人人夜夜澡人人爽麻豆 | 国产真实强被迫伦姧女在线观看| v11av18| 亚洲综合久久一本伊伊区| a级日本高清免费看| 永久免费在线观看视频| 国产视频第一页| 亚洲国产欧美一区二区欧美| 亚洲av高清一区二区三区| 国产精品视频一区二区三区经 | 欧美日韩视频一区三区二区| 国产精品自在线拍国产电影| 亚洲人成影院在线观看| 91啦视频在线| 无遮挡韩国成人羞羞漫画网站| 午夜视频久久久久一区| a级毛片毛片免费观看久潮喷| 毛片在线免费观看网站| 国产精品91在线播放| 久久精品久久精品| 美女范冰冰hdxxxx| 天堂网www天堂在线资源| 亚洲日本va中文字幕久久| 久久机热这里只有精品无需| 日本不卡一二三| 北条麻妃久久99精品| 97sese电影| 日韩精品无码一区二区三区四区|