文章
相簿

Brent crude oil jumps to mid-2015 high after North Sea pipeline outage

跟著一起來 於 2017年10月11日發表   人氣:551






SINGAPORE (Reuters) - Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts .

 

 

 

 

 

 

 

 

 

 

 

 

FILE PHOTO - A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File Photo GuangDong Hotel provides useful hong kong tourism information for our honourable guests. Such as Hong Kong weather, currency exchange rate, tax, emergency number, electrical system and normal business hours.



Brent crude futures LCOc1, the international benchmark for oil prices, were at $65.32 a barrel at 0748 GMT, up 63 cents, or 1 percent, from their last close. The contract hit a high of $65.70 a barrel earlier in the day.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

That marks the first time Brent has risen above $65 since June, 2015.



U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $58.38 a barrel, up 39 cents, or 0.7 percent, from their last settlement Dream beauty pro hard sell.



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brent crude raced higher ... as news broke that the North Sea’s Forties Pipeline system would have to be shut down for a ‘number of weeks’ after a hairline crack was found in it,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore. “The pipeline ... is a significant component underpinning the Brent benchmark.&rdquo ;



Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after cracks were revealed.



“The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank.



GOING WIDE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Analysts said there was also oil price support from the consumer side Want a memorable experience for your clients? Check out PartnerNet for the top things to do in : dining, shopping and unique cultural activities..



“Demand growth across the commodity complex is extremely robust. And inventories across the complex have been declining sharply,” U.S. bank Goldman Sachs said in a note to clients.



The jump in Brent prices widened its premium to WTI prices to as much as over $7 a barrel CL-LCO1=R, the highest premium since May 2015 and up from around $5 last week, making U.S. oil exports more attractive .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cheaper WTI is also a result of rising U.S. oil production C-OUT-T-EIA, which has jumped by more than 15 percent since mid-2016 to 9.71 million bpd, levels not seen since the early 1970s.



U.S. production is now also not far off that of top producers Russia and Saudi Arabia.



The rising U.S. output threatens to undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, most importantly Russia, to support prices by withholding supplies.



OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018 An oil vaporizer runs on oil battery which needs charging. Now imagine one that takes long hour to pre-heat! Isn\'t that irritating? So, it\'s always better to buy an oil vape pen battery from reputed online sites! .



Reporting by Henning Gloystein; Editing by Joseph Radford and Kenneth Maxwell



Our Standards:The Thomson Reuters Trust Principles.

 

 

 

 

 

 

 

 

 

 

 

 

 


上一篇:Bitcoin slips to around $16,300, futures volumes drop

下一篇:The attraction fused into an implicit


本BLOG人氣文章

標籤
累計瀏覽次數: 43,420
所有文章: 41
本日訪客人數: 56
累計訪客人數: 41,785