The US kept its oil production level at 12.3 million barrels per day last week. says Online US Department of Energy.
According to the agency, the level of US oil production has been maintained for the past four weeks. At the same time, the production level in January amounted to 12.37 million barrels per day. Last year, the US produced an average of 11 million barrels per day.
Countries participating in the unofficial OPEC+ format do not plan to reduce or increase oil production as Russia has reduced its crude oil production by 500,000 barrels per day since March. OPEC+ includes Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Sudan and South Sudan. Russia is the unofficial leader of this cartel.
enters into force on 5 December entry An agreement between the European Union, the G7 countries (UK, Germany, Italy, Canada, France, Japan and the USA) and Australia on a ceiling price of 60 US dollars per barrel for Russian oil from February 5, a price cap higher for Russia Petroleum products sold were earned at $100 per barrel from crude oil (e.g. diesel and kerosene), while for those trading at a discount (e.g. naphtha and fuel oil) the ceiling was $45.
The stock prices of North Sea brand Brent oil were announced, following Novak’s announcement about its plans to reduce raw material production. jumped higher $86 per barrel.