Oil prices regain some ground, but oversupply weighs
Oil prices regain some ground, but oversupply weighs
Oil slides as US pumps more, but OPEC and North Korea loom
21 Abril, 2017, 03:21
Oil prices wavered between small losses and gains Thursday, buffeted by continued concerns about growing US crude production that were offset by signals that other major producers remain in favor of extending their output-cut agreement into the second half of the year. Oil prices will increase as demand improves, chipping away at oil inventories in the second half, he said.
At a press conference in the United Arab Emirates, Saudi Energy Minister Khalid al-Falih said that "there is consensus building but it's not done yet".
Oil fell to a two-week low on Wednesday, after a surprising build in US gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.
OPEC members Saudi Arabia and Kuwait signaled that an effort by the Organization of the Petroleum Exporting Countries and other producers, including Russian Federation, to cut oil output was likely to be extended beyond June. Despite a drop in US crude stocks last week, an unexpected 1.5-million-barrel build in gasoline stocks drove prices more than 3.5 percent lower on Wednesday.
"The domestic increases continue to not only offset overseas production cuts, but potentially more importantly, they also weigh on OPEC's morale as they are watching market share continue to slip away as a result of their own policy actions", he said in his latest report.
"With questions hanging over USA gasoline demand, any further product builds will act as a brake on the oil price recovery", he said.
Oil markets are on path to recovery due to measures taken by Opec and non-Opec members to cut production by 1.8 million barrels per day from January this year, secretary general of Opec said at the third GCC petroleum media forum that kicked off in Abu Dhabi on Wednesday. Distillate stocks reached their lowest levels since November 2015, the EIA said.
Los principales portales fueron críticos con el accionar del equipo de Luis Enrique , que no pasó del cero ante Juventus . Fue hoy otro equipo diferente el Barça, con más tensión competitiva, pero eso no le bastó.
Investors include Tencent, Temasek, Baidu Capital, Sequoia Capital, Lenovo, TPG and other world-renowned investment institutions. The length from bumper to bumper is 196 inches, and the entire body and chassis are made from aluminum to keep the weight low.
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La primera en 1937, protagonizada por Janet Gaynor , la segunda de 1954, portagonizada por Judy Garland y la tercera, y más famosa, de 1976 en la que los protagonistas fueron Barbara Streisand y Kris Kristofferson .
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Police officers in Stockholm were attacked with STONES
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We will never forget and will not rest until he is located, captured, and brought to justice", said Special Agent Johnson. Patel was born in India and was in the United States legally on a visa, but his visa expired at the end of March 2015.
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Strawberries may help fight breast cancer
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