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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil prices fall amid biggest drop in months

    Rocky
    Rocky
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    • Post n°1

    Oil prices fall amid biggest drop in months Empty Oil prices fall amid biggest drop in months

    Post by Rocky Fri 16 Jul 2021, 6:49 am

    Oil prices fall amid biggest drop in months

    •  Time: 07/16/2021 10:22:41
       
    •  Reading: 169 times

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    {Economic: Al Furat News} Oil prices fell on Friday, heading for their biggest weekly decline since at least May, as expectations of more supplies raised fears of investors, and OPEC is likely to add production to counter a potential recovery in demand with the increasing number of countries. recovering from the epidemic.
     The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    Brent crude for September was down 20 cents at $73.27 a barrel by 0544 GMT, and is headed for a 3% drop this week after two days of steep declines, the biggest weekly drop since May.
    And US crude for August fell 19 percent to $ 71.46 a barrel, and is on track to decline by about 4 percent this week, the largest weekly decline since March.
    Discussions over supply policy within the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, in a group called OPEC+, ended without agreement this month after the United Arab Emirates objected to extending production policy beyond April 2022.
    Saudi Arabia and the United Arab Emirates reached a compromise this week, paving the way for OPEC+ to finalize a deal that would allow more supply into the market.
    On Thursday, OPEC said it expects global oil demand to increase next year to nearly levels it was before the pandemic, about 100 million barrels per day, led by demand growth in the United States, China and India.
    The report showed that OPEC production increased in June by 590,000 barrels per day to 26.03 million barrels per day. Read more
    The big drop in US crude oil inventories did not support prices much, as the rise in gasoline stocks in a week that included the July 4th holiday, when the rise was normally, raised new concerns about demand.
    Raghad Daham
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