Oil field service provider Beck Hughes Co's latest report showed that by the week of July17th, the number of active oil rigs in the United States reduced 7 with 638 remained compared with that of the previous week, which put an end to the short-term upward momentum during the previous two consecutive weeks. In addition, including natural gas drilling platform, by the week of July 17th, the total number of active drilling rigs in the United States reduced 6, to 857 compared with that of the previous week. The total number of active drilling rigs reduced 1014 compared with that of the same period last year,including 916 oil drilling platform decreased.
At present most agents thought it would be bearish for oil prices in the future. Royal Bankof Scotland commodity analysts pointed out that, compared with the crude oil supply of the United States , the current Iran's potential oil supply has become a hot market concern,because it’s the important “increment". It is expected that about 6 to 8 months after Iran and the six countries reached the nuclear agreement, the country's oil exports would be significantly increased. The reason why it may not increase immediately was that Iran's oil production equipment was being repaired. The current global oil daily output had reached a record high of 92,000,000 barrels, while after the sanctions imposed on Iran lifted, more crude oil from Iran would flow into the international market.
Source: China Securities Journal
