Economía: Devaluación China impacta en el mundo y sube el dólar
China responde a nuevas amenazas de EEUU y anuncia REPRESALIAS — GUERRA COMERCIAL
Vía libre a exportación de aguacate Hass a China
Pablo Iglesias renuncia a ser ministro — Habrá Gobierno
Libra, la criptomoneda que permitirá pagos en WhatsApp y Messenger
Crude Oil Hits $47 After Shock EIA Report
20 Julio 2017, 12:35 | Azura Castelo
Crude Oil Hits $47 After Shock EIA Report
Sinopec raised its refining volume each year since 2005 until 2016, when the private processors started boosting operations armed with government approvals to purchase imported oil. "The net result is a rise in the demand for OPEC oil". For more than three years, the group has been grappling with low prices as global supply outpaced demand. This is after calling for $60 by Q4 previously. Nevertheless, within the consolidation, price action in the near-term appears to be slightly more bullish than bearish.
Yet oil imports increased by 386,000 barrels a day during the week to an average rate of 8.0m barrels per day.
Brentcrude, the global benchmark, was up marginally, by 0.04%, to $48.86 a barrel, in London mid-morning trading.
Gene McGillian, manager of market research at Tradition Energy, said, "The idea of higher production levels, particularly in the U.S., Libya, and Nigeria".
The drawdown occurred even as EIA said USA production climbed to 9.43 million barrels per day (bpd), its highest since July 2015. They are now sitting at 495 million barrels.
July 7th's report is in red. The market had initially been expecting a drawdown of roughly 3 million barrels.
Oil prices were stable on Tuesday, supported by strong consumption but weighed by high supplies from producer club Opec and also the US. I see this trend in US inventory draws generally continuing over the next few months driven by a few key factors.
That acceleration in demand, when combined with OPEC's output cuts, resulted in a noticeable draw on US oil inventories in recent weeks.
Last Friday, oil prices have risen throughout the week on news of a higher demand in China and closed to $46.54 although some markets are still concerned regarding an oversupply due to the lower than expected decline in the USA crude oil production. "Data so far is showing that the real spike in production only happened in June". The Canadian dollar has soared against its USA counterpart of late.
They are now 240 million barrels above the 5-year average.
Releasing producer stocks into the supply chain during 2016 and the first half of 2017 added to the sense of continuing oversupply.
What does it all mean for traders?
Cushing inventories recorded a marginal draw on the week after the 1.95 million barrel draw last week. This should put a $40 floor on oil.
Saudi Arabia, the rest of the Opec and Russian Federation are engaged in a global game of chicken with the 3,000-odd United States shale oil drillers, who can not collude on prices or output as it violates American law and whose bank loans make it imperative to maximise output even if market prices fall below the marginal cost per extra barrel.
The United States Oil ETF (NYSEMKT: USO) traded up about 0.8%, at $9.62 in a 52-week range of $8.65 to $12.00.
Graham Norton Comes Third On BBC Pay Chart
The BBC's total talent bill was cut by more than £4m over the past financial year to £194m, according to the organisation. There are no Black, Asian or Minority Ethnic (BAME) stars featured in the list of 24 staff earning over £300,000.
Yankees Acquire Frazier, Robertson, Kahnle From White Sox
But the offense isn't going to drastically via trade , and neither is the team's ability to trade for top-flight talent. Pittsburgh won its third straight and pulled within five games of the first-place Brewers in the crowded NL Central.
South Korea Disputes North's Claim of Long-Range Missile Test
The US knew North Korea liked to test missiles on Independence Day to send a message. -Russian nuclear deterrence, mutual U.S. It would end North Korea's stand-off with the United States and South Korea, as well as the Kim dynasty once and for all.
USMNT vs El Salvador — Soccer TV
It could possibly lead to them fearing to make a mistake or try something that is out of their respective comfort zone. Panama are organized, energetic and attack with a purpose, making them serious threats against any CONCACAF opponent.