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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (48650)	9/7/2018 2:51:58 PM
From: Goose94	Read Replies (1) of 203382

Crude Oil: A recent report from IHS Markit projects that global demand for mobile offshore drilling rigs will increase by 13 percent through 2020 as the oil industry steps up offshore exploration. IHS says there will be demand for an average of 521 rigs in 2020 up from 453 this year. Saudi oil exports to the U.S. jumped above 1 million barrels per day last week (four-week average) for the first time since 2017, according to EIA data. Shipments are also up 250,000 bpd compared to May, perhaps an indication that Saudi Arabia is responding to political pressure from the American lawmakers.

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