Member access

4-Traders Homepage  >  Commodities  >  WTI SPOT       

WTI SPOT

177
Real-time Quote. Real-time  - 10/24 11:00:00 am
80.67 USD   -1.63%
1d agoDJOil Prices Post Fifth Weekly Loss
1d agoDJOil Futures Trade Marginally Lower on Investor Caution
2d agoDJOil Prices Rebound From 27-Month Low
SummaryQuotesChart AnalysisNewsAnalysis 
News SummaryAll news 

Brazil Seen a Net Oil Exporter Again Next Year

04/11/2014 | 06:05am US/Eastern

PARIS--Brazil expects to become a net oil exporter again next year and double its production in the medium term, the country's oil regulator said Friday.

The news comes as other American producers--such as the U.S. and Canada--are also ramping up supplies to markets, threatening the market share of African and Middle East oil nations.

Speaking at the Petrostrategies oil conference in Paris, Helder Queiroz, the director of Brazil's National Petroleum Agency, said the country had become a net importer of oil in the past two years because of declining production from its most mature fields. But he said the oil producer was expected to become a net exporter next year thanks to new production--for instance from its fast-developing offshore fields.

Mr. Queiroz also said the country's oil production was expected to double by 2022 from about 2 million barrels a day barrels today.

Latest news on WTI SPOT
1d agoDJOil Prices Post Fifth Weekly Loss
1d agoDJOil Futures Trade Marginally Lower on Investor Caution
2d agoDJOil Prices Rebound From 27-Month Low
2d agoDJU.S. HOT STOCKS : Hot Stocks to Watch
2d agoDJSaudi Arabia Crude Supply Falls
2d agoDJOil Prices Steady After Recent Falls
2d agoDJOil Futures Subdued as China Data Fails to Lift Market
3d agoDJU.S. Oil Prices Hit New Low as Supplies Rise
4d agoDJOil Prices Edge Higher on Chinese Data
4d agoDJAnalysts Forecast 3.1 Million-Barrel Build in Crude Stocks -- Update
Advertisement
Chart
Duration : Period :
WTI SPOT Technical Analysis Chart | 4-Traders
Dynamic quotes  
ON
| OFF