久久久91精品国产一区二区三区|亚洲中文无码卡通动漫|国产AV国片精品无套内谢无码|国产99久久久国产精品电影|

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2026

LOCATION :Home> News> Industry News

Oil slips towards $33 as hopes for production cut fade

Pubdate:2016-02-03 10:19 Source:mcc Click:
LONDON (Reuters) -- Oil prices fell around 3% on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded.
 
Brent for April delivery was down $1.01 at $33.23/bbl by 1120 GMT, after settling down $1.75, or 4.9%, in the previous session.
 
The front-month contract for West Texas Intermediate (WTI) was down 89 cents at $30.73 after falling $2.00, or 5.9%, the session before.
 
Russia's energy minister and Venezuela's oil minister discussed the possibility of holding joint consultations between OPEC and non-OPEC countries in the near future, the Russian Energy Ministry said on Monday.
 
But Goldman Sachs said it was "highly unlikely" the Organization of the Petroleum Exporting Countries would cooperate with Russia to cut output, saying such a move would also be self-defeating as stronger prices would bring previously shelved production back to the market.
 
"It's hard to see a successful agreement between OPEC and Russia to cut production and people are starting to see that," said Andy Sommer, senior energy analyst at Axpo Trading in Dietikon, Switzerland.
 
He said there was a good chance that oil could fall back below $30/bbl this month.
 
Storage capacity
 
Underlining the well-supplied nature of the market, Russia's oil output rose to 10.88 MMbpd in January, from 10.83 MMbpd in December, Energy Ministry data showed on Tuesday.
 
Stockpiles are still on the rise, leading many to speculate that global storage may be close to capacity, Sommer said.
 
U.S. commercial crude oil inventories likely rose by 4.7 MMbbl last week to a new record of 499.6 MMbbl, a Reuters survey taken ahead of industry and official data showed.
 
The American Petroleum Institute, an industry group, releases its weekly inventory report later on Tuesday, while data from the U.S. government's Energy Information Administration is due on Wednesday.
 
Investors await economic data later in the week, including U.S. nonfarm payroll and unemployment figures and producer prices from the euro zone.
 
The tumbling crude price has hit oil majors, with BP slumping to its worst annual loss in more than 20 years last year, its results showed on Tuesday, pushing its shares down more than 6%. Other oil companies also fell sharply.
瓮安县| 库尔勒市| 太白县| 从化市| 荣昌县| 文山县| 临澧县| 肇州县| 天津市| 阿巴嘎旗| 海城市| 嘉义县| 西平县| 喀喇| 江都市| 织金县| 吉安县| 库尔勒市| 仁怀市| 曲麻莱县| 额尔古纳市| 澎湖县| 龙海市| 贡觉县| 饶平县| 旅游| 呼伦贝尔市| 翁牛特旗| 嘉祥县| 海南省| 锦屏县| 遂溪县| 嘉善县| 呼和浩特市| 东城区| 三台县| 遂川县| 丽江市| 新野县| 灵山县| 中方县|