Hughes Beck data show that the U.S. shale oil production is picking up

2015-07-06 02:46:02

 Large oil service company Baker Hughes released the latest statistics show, in the July 3, when the week the United States started drilling quantity of crude oil rose 12 to 640, changed the past successive decline of 29 weeks, which reveals a shale oil production in the United States is picking up. Shopping malls have indicated that the outside world began to further concerns the United States may persist in the production of shale oil, and continue to form a pressure on oil prices. To 3, close, New York crude oil futures fell 0.6% to $56.58 a barrel, Brent crude oil futures fell 0.7% to $61.66 a barrel.

Evans, Citigroup analysts suggest that although American petroleum output continued to rise, and the crude oil supply excess, but Petroleum Exporting Countries arrangements (OPEC) increased crude oil output is the international crude oil market in the face of the bigger question. He showed that if political obstruction in the future is to be eliminated in the future, then the new oil production in southern Iraq and Saudi Arabia will obviously promote the increase in OPEC output. Evans also emphasized: "OPEC meeting the group fighting for market share, but they though may make greater market share, but bear the international crude oil market to weaken the risk." HSBC research report pointed out that thanks to the Asian economies in oil refining professional profit margins are weak, the need for crude oil is now also continue to rise, which may be added to the global oil output.
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