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Brent crude rises to $ 67 a barrel, its highest price in 2015
5/4/2015
Oil reached its highest level in 2015 near $ 67 a barrel on Monday, supported by expectations the decline of the current oversupply and weak after the data for the industrial sector and strengthened the Chinese point of view, the implementation of new stimulus measures.
In the meantime, analysts at Goldman Sachs said that the oil shale companies in the United States began to move the rigs to higher productivity sites basins Permian and Eagle Ford.
The oil services company Baker Hughes data on Friday showed slower decline in the number of oil rigs operating in the United States last week, the sign that the collapse of the excavation work may end up in the light of improved prices. Note comes Goldman analysts in a weekly report after telling analysts in the past several weeks that the rigs data show little evidence on the producers to stop work platforms least efficient first and move them to higher productivity areas, a practice that may help in reaching the stability of production. Goldman Sachs said that the current number of rigs that foretells the growth of American oil production could reach 185 thousand barrels per day on an annual basis by the fourth quarter of the year with a slight decline in production between the second and third quarters
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5/4/2015
Oil reached its highest level in 2015 near $ 67 a barrel on Monday, supported by expectations the decline of the current oversupply and weak after the data for the industrial sector and strengthened the Chinese point of view, the implementation of new stimulus measures.
In the meantime, analysts at Goldman Sachs said that the oil shale companies in the United States began to move the rigs to higher productivity sites basins Permian and Eagle Ford.
The oil services company Baker Hughes data on Friday showed slower decline in the number of oil rigs operating in the United States last week, the sign that the collapse of the excavation work may end up in the light of improved prices. Note comes Goldman analysts in a weekly report after telling analysts in the past several weeks that the rigs data show little evidence on the producers to stop work platforms least efficient first and move them to higher productivity areas, a practice that may help in reaching the stability of production. Goldman Sachs said that the current number of rigs that foretells the growth of American oil production could reach 185 thousand barrels per day on an annual basis by the fourth quarter of the year with a slight decline in production between the second and third quarters
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