Saudi oil exports fall in Jan

Oil prices extended losses on Monday to trade near a four-month low after increased drilling activity in the USA indicated a strong rise in production was coming.

USA oil this month dropped below $50 a barrel for the first time this year as the nation's near- record crude stockpiles and increasing production weighed on the output reductions by the Organization of Petroleum Exporting Countries and its allies. 100% delivery of the quota will be achieved by the end of April because of process specificities of oil production in Russia, Energy Minister Alexander Novak said earlier.

Saudi Arabia's domestic crude inventories fell further to 261.963 million barrels in January from 272.621 million barrels in December, the JODI data showed.

Why You Should Take a Moment to Meet Sesame Street's Newest Character
There is an expression that goes, "If you've met one person with autism, you've met one person with autism'". Sesame Street writer Christine Ferraro introduced Julia to viewers of USA current affairs show 60 Minutes .

Meanwhile, West Texas Intermediate (WTI) crude was down 35 cents to $48.43, while Brent crude lost 24 cents to $51.52 a barrel on the New York Mercantile Exchange.

"We have already seen how worries of a border-adjustment tax moved the crude forward curve in the first few weeks following [President Donald] Trump's inauguration", said Troy Vincent, oil analyst at ClipperData. Crude prices have fallen 8% over the last two weeks, the biggest weekly drop in four months, and some industry experts have suggested the decline could continue for some time yet.

Brent crude, an worldwide benchmark, fell to $51.69 per barrel Monday, stalling a climb to $52 after a sharp drop to $51 from around $56 during the second week of March.

Manipur blockade ends as Nagas-Govts meet halfway
But the UNC made it clear that the blockade would continue until the government held talks with it over its demands. The next tripartite talks will be held in a month's time, officials said.

The total rig count is still 978 from its peak before the impact of the oil crash hit drillers, but that gap continued to shrink last week.

The International Energy Agency (IEA) has forecast Iran expanding its crude oil production by 400,000 barrels per day to 4.15 million bpd by 2022. They have added 106 machines to fields this year.

GOP Health Care Plan, Town Hall Meetings
While most of that is in my past, I still need a handful of pills a few times a day to keep my body from rejecting my new lungs. Californians are trying to understand how the new Republican healthcare bill introduced last week might affect them.


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