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Oil market starts the week with a downward price correction

Oil prices fell by 0.01%-0.15%

As of June 28 (08:00, Moscow time), Brent Crude futures for September delivery fell by 0.15% to $75.27 a barrel, for August delivery – by 0.12 to $76.27 a barrel.
Light Sweet Crude (WTI) futures for August delivery on the New York Mercantile Exchange fell by 0.01 to $74.04 a barrel.

Oil market sees a downward price correction.

On another side, Higher oil prices and capital expenditure discipline are setting the stage for the highest free cash flow on record for the world’s an exploration and production companies this year. And U.S. shale firms—set to generate $60 billion free cash flow—are primed for playing a key role in the record-breaking free cash flow from global upstream operations.
The U.S. shale patch is expected to be the biggest beneficiary of CAPEX discipline and high oil prices, as well as the largest contributor to the highest-ever free cash, flows from the upstream business globally, independent research firm Rystad Energy according to “Oil Price ” a new report.

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