Mcx Full Independent Trading Guide

U.S. Oil Production Is 23 Years Ahead of Schedule  A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.The Energy Information Administration now estimates output will top out at 14.53 million barrels a day in 2031, according to its Annual Energy Outlook released Thursday. Why such a big difference? Near-term prices are higher than what the agency assumed last year, boosting the baseline production, according to the EIA. The U.S. will be a net exporter of petroleum -- and energy in general -- next year, years sooner than previous annual estimates, something the EIA flagged in its short-term outlook earlier this month. That’s due to the faster increases in crude and NATURAL GAS liquids production, combined with slower demand growth, according to EIA Administrator Linda Capuano. “America’s move to net exports was supposed to be 5 or 6 years off,” said Kevin Book, managing direct

UPDATE 1-Oil prices fall on worries fuel demand to stall amid slowing global growth Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in U.S. crude inventories .International Brent crude oil futures were at $60.89 a barrel at 0352 GMT, down 25 cents, or 0.4 percent, from their last settlement, having closed down 0.6 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures  were at $52.40 per barrel, 22 cents lower from their last settlement."Crude oil came under further pressure as concerns of faltering global growth remained at the forefront in investor's minds," ANZ Bank said.The prospects of future oil demand are getting clouded by the global growth worries, analysts said."With the IMF downgrading 2019/20 and the continued rhetoric from Davos reiterating that they expect global growth to slow down over the next two years, is providing sel

UPDATE 2-Oil steady on hopes Chinese fiscal stimulus will stem economic slowdown * Japan December exports slump most in over 2 years * China will increase fiscal stimulus to stem slowdown -officials * OPEC cutting output to rein in oversupply * But rising U.S. output undermines OPEC efforts (Adds China fiscal stimulus, updates prices) SINGAPORE, Jan 23- Oil prices were steady on Wednesday on hopes that increased Chinese spending would stem an economic slowdown that is showing signs of spreading and has been weighing on financial markets. International Brent crude oil futures   were at $61.49 per barrel at 0314 GMT, virtually unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures  were at $52.98 per barrel, 3 cents below their last settlement. The steadier prices followed a 2-percent fall in crude futures and a slump in international financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets such as