Saxo Bank: US may produce more oil than Russia in 2019 - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Saxo Bank: US may produce more oil than Russia in 2019

Нефть качалка 05MOSCOW, Oct 11 (PRIME) -- The U.S. may outstrip Russia in terms of oil production in 2019, but both states’ output may even by 2040, directors of the oil market strategy department of Saxo Bank Ole Hansen told PRIME on Thursday.

“The states are keeping pace with each other. The U.S. oil output will continue to grow, but at a lower rate (than now). The reason is the need for advanced technologies… As soon as logistics, infrastructure improve, production may grow more rapidly. The U.S. may outstrip Russia in oil production terms,” he said.

According to OPEC’s September World Oil Outlook (WOO) 2040 report, the U.S. will surpass Russia in oil production already in 2018 with 10.5 million barrels per day and 10.3 million barrels per day.


11.10.2018 10:59
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.3241 -0.2451 20 oct
USD 65.8140 +0.0902 20 oct
Stock Market Indices
1D 1W 1M 1Y
rtsi 1126.97 -1.16 18:50 19 oct
micex 2344.79 -1.42 18:50 19 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 161.32 +0.71 18:49 19 oct
lkoh 4693.00 -0.03 18:49 19 oct
rosn 467.00 +0.09 18:49 19 oct
sber 183.80 -3.77 18:49 19 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.5300 -0.1650 14:59 19 oct
USDTD 65.5700 -0.0300 17:44 19 oct