Saturday, February 25, 2017 6:00:50 AM
By Gordon Kristopher | Feb 24, 2017 8:37 am EST
US crude oil production
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 24,000 bpd (barrels per day) to 9,001,000 bpd between February 10 and February 17, 2017. Production rose 0.3% week-over-week but fell 1.1% year-over-year. US crude oil production is at the highest level since April 2016. The rise in US crude oil production can pressure crude oil (ERX) (USL) (FENY) prices.
OPEC’s spare crude oil production capacity
The EIA (U.S. Energy Information Administration) estimates that OPEC’s (Organization of the Petroleum Exporting Countries) spare crude oil production capacity rose by 960,000 bpd (barrels per day) to 2.01 MMbpd (million barrels per day) in January 2017—compared to the previous month. OPEC’s spare crude oil production capacity rose 91% month-over-month and 33% year-over-year. It’s at the highest level in two years.
http://marketrealist.com/2017/02/us-crude-oil-production-hit-a-10-month-high-whats-next/?utm_source=yahoo&utm_medium=feed
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
