Oil Prices Shed Over 3% As Market Digests OPEC Move

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 68%

OPEC ニュース

Oil,Oil Production,Oil Demand

Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February

, with the U.S. crude benchmark down over 3.5% following the OPEC agreement to start phasing out voluntary cuts in October. On Monday at 1154 a.m. ET, Brent crude was trading down 3.29% at $78.44, for a loss of $2.67 on the day. West Texas Intermediate WTI was down 3.51% at $74.29 per barrel, for a loss of $2.70 per barrel.

Oil prices have responded in a downward spiral due to the fact that the majority of the total cuts from both categories come from the voluntary scheme. Total cuts are 3.66 million barrels per day, while 2.2 million bpd of that is accounted for by the voluntary scheme. Additionally, the UAE’s production quota was adjusted upwards with a baseline of 300,000 bpd.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 34. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

BP Misses Q1 Earnings Forecasts on Lower Oil and Gas PricesBP posted worse-than-expected earnings for the first quarter due to lower oil and gas prices and a refinery outage in the United States.
ソース: OilandEnergy - 🏆 34. / 68 続きを読む »