Oil production in China back up

Oil production in China came back up in August after almost three years of falling. Last month's productivity generated about 3,770,000 barrels per day, with a growth of 0.2% compared to the same month of the previous year.

Large companies also had high in the month of August, according to oil prices in the international market. So far China has produced approximately 125,950,000 tonnes of oil, but is still less than last year's production.

According to the SIA Energy consultant, Seng-Yick Tee, the oil companies must provide some support to the request of the president of China Xi Jinping to increase domestic supply in the country's energy security. He concludes by saying that the oil fields in China have a balance of 70 dollars per barrel. Brent's been stable for 78, 000 a barrel.

The increase in production is not positive for OPEC, which since the end of 2016 seeks to reduce the production of global oil in order to value the commodity. Follow everything that involves the market for oil, gas, energy, gasoline, biofuel, onshore and offshore. Remember, your business goes through here! Go to: www.panoramaoffshore.com.br or Www.facebook.com.br/panoramaoffshore.


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