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    Home > Chemicals Industry > Petrochemical News > Brent crude fell nearly 6 percent, but remained above $100 a barrel

    Brent crude fell nearly 6 percent, but remained above $100 a barrel

    • Last Update: 2023-03-05
    • Source: Internet
    • Author: User
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    According to World Energy on March 15: Brent crude fell nearly 6%, but remained above
    $100 per barrel.

    Interactive Investor Market Manager Hunter said: "In terms of supply, optimists remain hopeful that this will alleviate the current supply shortage
    to some extent as the conflict is resolved in some form.
    "

    Boris Johnson traveled to Riyadh in the hope that Saudi Arabia would fill the gap, but analysts believe that the British prime minister's chances of success are very slim
    .

    The United States, which has a large supply of hydrocarbons, seems to be able to solve the supply problem more successfully by turning on the domestic tap
    .

    According to the Energy Information Administration (EIA), shale oil production in the seven major shale basins in the United States will see the largest increase in two years
    .

    According to EIA's Drilling Capacity Report, next month's output is expected to rise by 117,000 barrels to 87.
    08 million barrels per day
    .

    At 8:45 a.
    m.
    , Brent crude oil for April delivery was $100.
    75 per barrel, down 5.
    75%.

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