Date: 3 weeks ago   Category: Economy

Prices of oil fall - RIA Novosti, 9/4/2018


Oil production. Archival photo
MOSCOW, 4 Sep — RIA Novosti. The world prices for oil on Tuesday bargain without uniform dynamics, the cost of the American WTI brand grows because of closing of two drilling platforms of Anadarko Petroleum Corp in the Gulf of Mexico in anticipation of a hurricane, data of the auction demonstrate. As of 8:16 Moscow time cost of November futures for the North Sea oil mixture of the Brent brand it fell by 0,04%, up to 78,12 dollars for barrel, October futures for WTI crude oil — I grew for 0,46%, up to 70,12 dollars for barrel. Anadarko Petroleum Corp has reported on Monday that it evacuated personnel and has stopped operation of two drilling rigs in the Gulf of Mexico in anticipation of approach to the American coast of the hurricane Gordon. "We watch closely weather conditions in east part of the Gulf of Mexico, and for safety of people we evacuated all personnel from objects of Horn Mountain and Marlin. We have also suspended work of both platforms" — the company on the website has reported. Decrease in boring activity in the USA, as a rule, positively affects the oil prices as signals about possible decrease in volumes of production and deliveries. At the same time Brent oil becomes cheaper against the background of decrease in fears of investors in reduction of supply of the Iranian oil. The USA in May announced an exit from the agreement with Iran on the nuclear program reached by "six" of international mediators in 2015 and about recovery of all sanctions against Iran including secondary, that is concerning other countries doing business with Iran.

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