Oil prices fall as Russia warns of gradual output increase

reuters.com ^ | May 25, 2018 | Henning Gloystein

[Berlin_Freeper]

Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017.

[SunkenCiv]

Thanks Berlin_Freeper.

• Norway registers lowest quarterly birth rate since 1985 [not an EU member, big oil producer to the EU]
• Here are the counties with the fastest job growth

  The biggest increase in employment last year took place in Midland, Texas, an area between El Paso, Dallas and San Antonio. Hiring in Midland county jumped 11.5% vs. the national average of 1.5%. It's the third straight quarter that Midland has led the U.S. in job gains, reflecting its prominence in oil and gas...

• Brexit: UK official warns EU over talks 'insult'
• Uber to invest €20 million in building flying taxis in France
• Violent Buddhist extremists are targeting Muslims in Sri Lanka [good, more power to the Buddhists]

[Iron Munro]

This will be good for the economy so is not going to meet with democrat approval

[Nextrush]

Those dirty filthy Russians how dare they lower my gasoline prices........sarc

[familyop]

Oh, thanks Russia! ;-)

[familyop]

Berlin_Freeper, if you haven’t already seen this, you might be very interested.

Terrifying new nuclear threat is here
Fox News
By Kris Osborn | Warrior Maven
24MAY18
http://www.foxnews.com/tech/2018/05/24/terrifying-new-nuclear-threat-is-here.html

[knarf]

I own a small piece of land (2.25 acres) that earns gas well royalties every month.

I have heard NOTHING but how great the USA is doing with NG and oil for the last year.

Around here, SW Pennsylvania, gasoline prices are steady climbing into the high three dollar mark.

My royalty check hit this morning 2/3 LESS than last month.

NEWS YOU CAN USE

[Buttons12]

Here in northeast PA, gasoline prices are up as well. $3.09 yesterday, and only a week ago it was 3.05 and a month before that it was 2.80-ish.

[FlingWingFlyer]

The Russkis “colluding” with the American motorists to ease “big oil’s” oil prices. That’s new. LOL.

[robroys woman]

Oil prices really are in a bubble right now. It will be interesting to see if it pops or fizzles.

[robroys woman]

I thought it was pretty funny - and genius - when trump casually asked, publicly, why can’t we use nuclear weapons. Yeah, he said it for our enemies.

[oldtech]

Let’s see.........if things work out like they usually do when gas prices increase in accordance with oil prices,then gas prices should have gone down 2 weeks ago. It’s had the opposite effect here.