© AP Photo / Hasan Jamali
MOSCOW, March 14 -. RIA Novosti The world prices for oil in the first day of the working week show mixed trends against the backdrop of positive reaction bidders on the application of the International energy agency (IEA) on the possible recovery of the market of “black gold” on the one hand, and lingering concerns over oversupply on news from Iran, on the other hand, according to the auction.
As at 08.48 MSK price of May futures for North Sea petroleum mix of mark Brent rose by 0.25% – to 40.49 dollars per barrel. April futures price for WTI crude oil decreased by 0.23% – to 38.41 dollars per barrel.
The IEA said on Friday that, in his opinion, the international oil prices are likely to have already reached the minimum, and therefore, will soon begin to grow. This is facilitated by expectations agency that Iran return to the oil market does not hit hard on the demand as well as signs of declining supplies by OPEC countries. Thus, according to the IEA, the oil price recovery does not mean that “the worst is over.” However, the statement of the agency afield oil at auction prices Friday to new highs, of WTI crude oil rose above $ 39 per barrel for the first time since December 7, 2015.
Positives investors added and Friday’s data on the number of drilling rigs in the United States from the oil and gas service company Baker Hughes, which allowed markets to rely on the reduction of production of “black gold” in the country. According to the results ended March 11 of the working week in the number of US rigs decreased by 9 units, or 1.84%, and amounted to 480 units – at least since 1999. In annual terms, a decline of 645 units or 57,3%.
© AP photo / Eric Gay
In this case, the number of oil rigs fell by 6 units, or 1.53%, to 386 units – at least since 2009. The number of gas-producing plants has decreased by 3 units, or 3.1%, and amounted to 94 units. The indicator is the lowest since 1987, when Baker Hughes began tracking the dynamics of the oil and gas rigs separately. “The growth of positive mood on commodity markets continues to gain strength”, – quotes Reuters the words of analysts from ANZ bank.
However, reports from Iran once again led to increased fears in the oil market for the preservation of an overabundance of supply. The agency ISNA transferred, which, according to the Iranian Oil Minister Bijan Zanganeh, Iran will begin to cooperate with other countries on the issue of freezing oil only when the level of production in the country will reach 4 million barrels per day. In late February, Zanganeh said that daily oil production in Iran will reach 4.6 million barrels in the sixth five-year national development program (2016-2021 years).
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