Oil changes in 2019 with OPEC cuts



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Analysts are worried that an economic slowdown is affecting fuel consumption keeps crude prices from continuing to rise.

At 0617 GMT, global crude futures were on the rise Brent $ 67.90 per barrel, up four cents from the previous close.

Brent hit a four-month high of $ 68.69 a barrel the day before.

Future achievements For the American WTI 59.96 dollars per barrel, less than two US dollars compared to the previous settlement price. West Texas crude also hit a record high of 2019 the day before with $ 60.39.

"It's a good idea," said Sucrit Vijayakar, director of Trevkta Energy Consultancy's "Growth in the global economy remains worrisome," according to the agency "Reuters."

Economic growth is slowing in Asia, Europe and North America, which could have an impact on fuel consumption.

But the prices Oil This year receives support for supply reductions implemented by the Organization of the Petroleum Exporting Countries (OPEC)OPEC) And outside allies to the organization like Russia.

Unlike voluntary production reductions, you receive awards Oil A lot of US sanctions against Iran and Venezuela, members of the OPEC.

Shipments amounted to Iranian oil On average, just over 1 million bpd in March, compared to 1.3 million barrels per day in February and a peak of 2018 to at least 2.5 million bpd in April.

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Analysts are worried that an economic slowdown is affecting fuel consumption keeps crude prices from continuing to rise.

Brent rose for the first time to $ 67.90 per barrel, up 4 cents from the previous close.

Brent hit a four-month high of $ 68.69 a barrel the day before.

West Texas Intermediate crude futures futures in the western United States were $ 59.96 per barrel, down $ 2 from the previous settlement price. West Texas crude also hit a record high of 2019 the day before with $ 60.39.

"The growth of the global economy remains a concern," said Sucrit Vijayakar, managing director of Trevkta Energy Consultancy, according to Reuters.

Economic growth is slowing in Asia, Europe and North America, which could have an impact on fuel consumption.

But the prices Oil This year, the Organization of the Petroleum Exporting Countries (OPEC) and its non-OECD allies, such as Russia, support cuts in supply.

Unlike voluntary production reductions, you receive awards Oil A lot of US sanctions against Iran and Venezuela, members of the OPEC.

Average shipments of Iranian oil averaged just over 1 million bpd in March, up from 1.3 million bpd in February and a record high of 2018 bpd in April.

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