Monday, March 28, 2016

The price of Brent crude oil rose above $ 40 – RIA Novosti

oil. Archival photo

© AP Photo / Hasan Jamali

MOSCOW, March 28 -. RIA Novosti on the first day of the working week, world oil prices continue to to win back the data of oil and gas service company Baker Hughes to reduce the number of drilling rigs in the United States, published on Thursday before the long Easter weekend, according to trading data.

As at 08.19 MSK price of May futures for North Sea petroleum mix of mark Brent rose to 0.83% – to 41.37 dollars per barrel. May futures price for WTI crude oil rose by 0.84% ​​- to 39.79 dollars per barrel

According to Baker Hughes, for the week ending March 24, the number of drilling rigs in the US fell by 12 units. or 3%, and amounted to 464 units. In annual terms, a decline of 584 units, or 56%. The number of oil rigs fell by 15 points, or 4%, to 372 units – the lowest level since November 2009. The number of gas-producing plants has increased by 3 units, or 3%, and amounted to 92 units.

“After the increase in the number of oil rigs last week by one some might suggest that the continuing decline in the number of drilling rigs in After all, the end seems that this is not true “, -. told Reuters broker Liquidity Energy in New York, Peter Donovan (Peter Donovan)

However, the problem of excess supply in the market is maintained.. In this connection, the attention of market participants remain focused on the upcoming meeting of the largest producers of raw materials in Qatar on April 17 on the freezing of production volumes. Oil prices have gained more than 50% compared with the minimum values ​​of the year, including through the plans of countries in the meeting

“The market will be in limbo for several weeks,” -. Said senior analyst of oil and gas market of IHS Energy Insight Victor Shum (Victor Shum).

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