Oil

Oil: Stay updated on the latest oil industry news, trends, and analysis on JMN.info’s ‘Oil’ section. Explore insights shaping the global energy market.

ING do not exclude reduction of prices on oil to $23, while WTI falls below

12.02.2016 Oil 80

Chief strategist at commodity markets, Dutch Bank ING Hamza Khan admits that the price of oil can drop to $22.5 per barrel in 2016 in the case of the implementation of a number of negative factors. In accordance with ING risk scenario, in 2016, the price of Brent will be …

The number of oil wells in the U.S. dropped to the lowest level in 6 years

12.02.2016 Oil 90

The number of wells, drilling of which is carried out for the purpose of oil production, declined significantly last week in the US amid falling prices for this fossil. According to service company Baker Hughes, the number of wells fell last week to 467 at 31, this decrease was the …

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