抖阴短视频

SINGAPORE: Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
Brent crude futures, the international benchmark for oil prices, were at $74.21 per barrel at 0343 GMT, down 1.8 percent from their last close.
US West Texas Intermediate (WTI) crude futures were at $68.40 a barrel, down 0.3 percent, supported more than Brent by a slight drop in US drilling activity.
Prices initially jumped after the deal was announced late last week as it was not seen boosting supply by as much as some had expected.
OPEC and non-OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day (bpd) to tighten the market and prop up prices.
Largely because of unplanned disruptions in places like Venezuela and Angola, the group鈥檚 output has been below the targeted cuts, which it now says will be reversed by supply rises especially from OPEC leader 抖阴短视频. Although analysts warn there is little space capacity for large-scale output increases.
鈥淪everal ministers suggested that (rises) would correspond to a 0.7 million bpd increase in production,鈥� said US bank Goldman Sachs following the announcement of the agreement, although it added that were risks 鈥渢hat Iran production may be even lower than we assume鈥� and that its output could fall further due to looming US sanctions.
Still, Britain鈥檚 Barclays bank said OPEC鈥檚 and Russia鈥檚 commitments would take 鈥渢he market from a -0.2 million bpd deficit in H2 2018 to a 0.2 million bpd surplus.鈥�
Energy consultancy Wood Mackenzie said the agreement 鈥渞epresents a compromise between responding to consumer pressure and the need for oil-producing countries to maintain oil prices and prevent harming their economies.鈥�
In the United States, US energy companies last week cut one oil rig, the first reduction in 12 weeks, taking the total rig count to 862, Baker Hughes said on Friday.
That put the rig count on track for its smallest monthly gain since declining by two rigs in March with just three rigs added so far in June, although the overall level remains just one rig short of the March 2015 high from the previous week.