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Oil is getting cheaper amid the increasing number of drilling units in the USA


Global oil prices are getting down amid published information on Friday by American petroleum service company Baker Hughes. Increasing number of drilling units in the country is proved by trading data.

As on 07.55 Moscow time cost of May futures for BFOE reduced on 0,60% — up to $51,45 per barrel. The cost of May futures for oil brand WTI reduced on 0,75% — up to $48,94 per barrel.<>

According to Baker Hughes, at the end of work week on March,17 the number of drilling units in the USA grew on 21 units or 2,73% to 789 units. In per year terms the number of drilling units in the USA grew on 131 pieces, or on 65,8%. The number of oil drilling units grew on 14 pieces, or 2,27% — up to 631 pieces, gas drilling units — on 6, or 3,97% up to 157.

«No one expected, that shale oil production in the USA would grow so fast and significantly», — quotes The Wall Street Journal the opinion of the executive of Commtrendz Risk Management Gnanasekar Thiagarajan.

Statements made on Friday by the Minister of Energy of Russia Aleksandr Novak are slightly holding the quotations reduction. He said, that Russia accounting on the middle of March have reduced oil production on 160 thousand barrels per day, and by the end of April is hoping to emerge to the planned level of reduction of 300 thousand barrels per day and maintain it in May-June.

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