Home business Oil prices on Saturday 15-9-2018

Oil prices on Saturday 15-9-2018

World oil prices stabilized at the closing prices on Friday, where oil prices on Saturday 15-9-2018 were about 78.21 dollars per barrel for the Brent mix, while the futures of West Texas Intermediate crude oil US $ 68.76 per barrel amounted to.

Oman announces decline in oil production in August to 974,500 barrels

The oil ministry of Oman said Saturday in a press release that the production of oil and condensate in the Sultanate in August fell on average to 974,500 bpd.

The ministry said last month that the average oil and condensate production in the Sultanate in July was 975,500 bpd.

Oman is not a member of the OPEC.

The IEA warns of risks for the world economy

The International Energy Agency warned Thursday that although the oil market is currently scarce and global demand for oil will reach 100 million barrels per day in the next three months, global economic risks are increasing..

Brent is 1.8% higher this week, while WTI is 1.5% higher.

The International Energy Agency warned Thursday that although the oil market is currently scarce and global demand for oil will reach 100 million barrels per day in the next three months, global economic risks are increasing..

Brent is 1.8% higher this week, while WTI is 1.5% higher.


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