The Monday’s trading session on the European oil market is characterized by optimism. Against this backdrop, the "WTI / West Texas Intermediate Crude Oil" commodity asset quotations have been appreciated by 2.47% (+1.46 points), reaching the mark of $ 60.64 per barrel. The "Benchmark Brent Crude Oil" commodity asset quotations have been appreciated by 2.20% (+1.38 points), reaching the level of $ 64.18 per barrel.

WTI Crude Oil (Nymex)

Brent Crude (ICE)

At the moment, the most serious impact on the world Oil Market is provided by news from the US, from where not the most positive news for the OPEC cartel comes. For example, the price policy of the cartel is threatened by a sharp increase in production in the United States. According to official data of the Energy Information Administration (EIA), the production volumes reached a record level of 10.25 million barrels per day last week. The EIA forecasts show that the ministry's analysts are confident that production in the country will reach 10.59 million barrels per day this year.

It should be specially noted that according to the data of the Baker Hughes Oil Service Company, the total number of drilling rigs in the United States of America reached 791 (+26 pcs.) last week. This has been the highest value since April 2015.

Given these data, it is not surprising that the United States of America oil companies are increasingly influencing the global oil market. The first unpleasant signal for the OPEC cartel was that the USA has almost completely turned off oil imports. After that, the government abolished the ban on the export of petroleum products. As a result, the Americans consistently increase oil exports, actively mastering the Asian market. The closest attention is directed to the Chinese market.

The measures taken have helped the United States outrun Saudi Arabia in terms of oil production. By early 2019, the USA intends to take the first place in the world in terms of oil production. It helped the United States of America supply 400,000 barrels per day to China last month. In monetary terms, this equals $ 1 billion. In addition, the USA companies supply 500,000 tons of liquefied natural gas (LNG) to the Chinese market on a daily basis, which is approximately $ 300 million in cash.

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