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US crude oil futures rebound, US oil and OPEC oil production decreases

2019-10-01T03:02:21.360Z


[Singapore 1st Reuters]-US oil futures in Asian time rebounded. The oil production in the OPEC member countries in September and Russia decreased, and the US oil production in July decreased for three consecutive months.


[Singapore 1st Reuters]-US oil futures in Asian time rebounded. Before the oil crude oil futures fell by more than 3%, oil production in OPEC member countries and Russia decreased in September and rice production in July decreased for 3 consecutive months. The value has returned somewhat from the business day.

At 0127 GMT (10:27 am Japan time), US WTI crude futures <CLc1> is $ 0.45 (0.7%) higher, 1 barrel = $ 54.52.

According to a survey by Reuters, OPEC's oil production in September was 28.9 million barrels per day, down 750,000 barrels from the previous month, the lowest level since 2011.

According to sources that Reuters revealed on the 30th, Russia's oil production in September was 11.24 million barrels a day, a slight decrease from 1.29 million barrels a day in the previous month.

According to a monthly report released by the US Energy Information Administration (EIA) on July 30, US crude oil production in July was 11.81 million barrels a day, a decrease of 276,000 barrels from the previous month. The decrease was for 3 consecutive months.

Meanwhile, Saudi Aramco's head of trading at Saudi Arabia's oil company said on September 30 that its crude oil production had returned to the level it had before September 14, when its facilities were attacked.

Source: asahi

All news articles on 2019-10-01

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