- IVONNE AYALA
06 de marzo de 2017 08:22 AM
Actualizado el 06 de marzo de 2017 08:30 AM
Analysts of the global oil market keep a watchful eye over the progress in production and exports of US oil and its impact on the positive implementation of a cut plan recently approved by the Organization of Petroleum Exporting Countries (OPEC) to lessen saturation in oil inventories, reduce the oversupply of hydrocarbons and upregulate the prices of the main benchmarks.
In this regard, the International Energy Agency (IEA) stated in a report issued in the middle of February that oil inventories in the United States recorded a “significant boost” of 9.5 million barrels in tandem with a decline of 1.34 million barrels per day (bpd) of oil imports. The IEA estimates for 2017 growing oil production in the United States at 100,000 bpd.
The agency also reported that US imports of crude oil fell down 1.34 million bpd. The United States used to be among the major buyers of oil in the international market.
According to the IEA, the United States is exporting more oil than some OPEC Member States, such as Algeria, Ecuador or Qatar, with a supply of 1.2 million bpd.