Oil dips on lower China refining activity, fresh U.S. crude output record
Thursday, 14 June 2018 13:45 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices eased on Thursday, dragged down by rising output and a decline in China's refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided some support.

Brent crude futures were at $76.45 per barrel by 0610 GMT, down 29 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $66.57 a barrel, down 7 cents from their last settlement.

China on Thursday reported a drop in refinery activity, from 12.06 million barrels per day (bpd) in April to 11.93 million bpd in May, although year-on-year runs were still up by 8.2 percent.

The fall came as China™s industrial output, investment and retail sales all grew less than expected in May, data showed.

Also weighing on prices was another rise in U.S. oil production, which hit a weekly record of 10.9 million bpd last week, according to the Energy Information Administration (EIA) on Wednesday.

U.S. crude output has risen almost 30 percent in the last two years, and is now close to top global producer Russia, which churned out 11.1 million bpd in the first two weeks of June.

U.S. output is now above that of top exporter Saudi Arabia, which produced slightly above 10 million bpd.

Source: Reuters

RELATED NEWS

Oil Pares Third Weekly Gain as Economy Fears Mix With OPEC Cuts
Friday, 22 March 2019 18:29 WIB

Minyak turun di tengah meningkatnya kekhawatiran perlambatan ekonomi, namun tetap di jalur untuk kenaikan mingguan ketiga seiring OPEC yang terus menekan dengan pengurangan pasokan. Minyak berjangka turun sebanyak 1,1 persen di New York karena obligasi 10-tahun Jerman turun di bawah nol untuk perta...

Oil slips from 2019 highs as economic concerns weigh
Friday, 22 March 2019 13:46 WIB

Harga minyak mereda dari puncak 2019 pada hari Jumat karena kekhawatiran pertumbuhan ekonomi membebani sentimen, menghentikan reli tiga bulan didorong oleh pemangkasan pasokan yang dipimpin OPEC dan sanksi A.S. terhadap Iran dan Venezuela. Minyak mentah berjangka Brent berada di $ 67,72 per barel p...

Oil prices near 2019 highs amid OPEC supply cuts, U.S. sanctions
Friday, 22 March 2019 08:50 WIB

Harga minyak pada hari Jumat menguat mendekati puncak 2019 yang dicapai pada hari sebelumnya, didukung oleh pemotongan pasokan yang dipimpin oleh klub produsen OPEC dan oleh sanksi AS terhadap Iran dan Venezuela. Minyak mentah berjangka Brent berada di $ 67,82 per barel pada pukul 01:22 GMT, turun ...

Oil Holds Near $60 as U.S. Stockpiles Plunge, Saudis Cut Supply
Thursday, 21 March 2019 18:22 WIB

Minyak bertahan di dekat level tertingginya empat bulan setelah persediaan minyak mentah AS mengalami penurunan terbesar sejak Juli, sementara Arab Saudi melanjutkan pemangkasan ekspor. Minyak bejangka turun  0,5 persen di New York, setelah ditutup di atas $ 60 per barel pada hari Rabu untuk p...

Oil Prices Mixed; Trade Concerns, Fed's Warnings On Economic Slowdown In Focus
Thursday, 21 March 2019 14:04 WIB

Harga minyak bervariasi pada hari Kamis di Asia karena Federal Reserve AS menyoroti tanda-tanda perlambatan ekonomi dan meningkatkan kekhawatiran perlambatan pertumbuhan ekonomi. Minyak Mentah AS WTI Futures turun 0,1% menjadi $ 60,13 pada pukul 12:56 malam waktu timur AS (04:56 GMT). International...

ANOTHER NEWS
Stocks slide after weak Europe data underlines growth worries
Friday, 22 March 2019 20:53 WIB U.S. stocks fell at the start of trade Friday, after a downbeat round of European data underlined worries about global economic growth. The Dow Jones Industrial Average fell 118 points, or 0.5%, to 25,845, while the S&P 500 index was off 11...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.