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 steadies near two-month high as U.S. drilling slows down

Pubdate:2019-01-22 09:49 Source:liyanping Click:

LONDON and CALGARY (Bloomberg) -- Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand.

Futures rose 0.2% Monday after surging 3.3% on Friday. The number of rigs drilling for oil in the U.S. fell to the lowest since May, according to Baker Hughes data. China and America, the world’s biggest oil consumers, have made little progress in talks on intellectual property, a major sticking point as they pursue a deal to end a tariff battle, according to people familiar with the discussions.

“The price volatility seen over the latter part of last year certainly appears to have made producers hesitant to pick up drilling activity,” said Warren Patterson, senior commodities strategist at ING Bank NV.

Oil is off to its best start to a year since 2001 after plunging almost 40% last quarter on fears of a global supply glut and weaker consumption. To counter those worries, OPEC and its partners have started to cut production to balance the market while the International Energy Agency expects relatively strong demand this year. Still, concerns persist after China’s economy expanded at the slowest annual pace since 1990.

West Texas Intermediate crude for February was at $53.90/bbl, up 10 cents, as of 12:59 p.m. on the New York Mercantile Exchange, when trading halted. U.S. markets were closed for the Martin Luther King holiday, and contracts will only be settled on Tuesday.

Brent for March settlement closed 4 cents higher at $62.74/bbl on the London-based ICE Futures Europe exchange, after advancing $1.52 on Friday.

Even as the U.S. rig count tumbled by 21 to 852, the biggest decline since 2016, Energy Information Administration data last week showed American drillers pumped 11.9 MMbopd. U.S. output is set to expand by 1.1 MMbopd this year and may exceed Saudi Arabia’s maximum level within the next six months, according to the IEA.

The pullback in drilling “is not expected to significantly slow down U.S. crude production growth,” analysts at consultants JBC Energy GmbH in Vienna said in a report.

主站蜘蛛池模板: 欧美性猛交xxxx乱大交丰满| 99热这里只有精品免费播放| 久久青草亚洲AV无码麻豆| 中文字幕一二三区| 色噜噜狠狠色综合成人网| 欧美精品久久久久久久自慰| 我就想添50多的老女人水很多| 国产偷久久久精品专区| 久久国产精品只做精品| 2022韩国最新三级伦理在线观看| 精品国产亚洲一区二区三区在线观看 | 国产一区二区三区视频| 亚洲免费视频网| 99久久精品这里只有精品| 波多野结衣被躁| 尹人香蕉网在线观看视频| 午夜精品久久久久久久久| 久久亚洲精品无码gv| va天堂va亚洲va影视中文字幕| 爱豆传媒视频在线网址最新| 成人欧美日韩一区二区三区| 国产午夜在线观看| 久久99中文字幕| 91手机视频在线| 欧美一区二区三区久久综| 国产麻豆精品手机在线观看| 亚洲毛片无码专区亚洲乱| www.爱情岛论坛| 给我看播放片免费高清| 女大学生的沙龙| 全黄性性激高免费视频| 中文字幕欧美视频| 精品国产精品国产| 在线观看免费大黄网站| 伊人久久综合精品无码AV专区 | 91精品啪在线观看国产线免费| 精品国产一区二区三区香蕉| 女人双腿搬开让男人桶| 免费污污视频在线观看| 一本之道无吗一二三区| 波多野结衣未删减在线|