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


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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 continue to decline, the largest decline in months

    Rocky
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    • Post n°1

    Oil prices continue to decline, the largest decline in months Empty Oil prices continue to decline, the largest decline in months

    Post by Rocky Sat 25 Mar 2023, 3:51 am

    [size=35][size=35]Oil prices continue to decline, the largest decline in months[/size]
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    [/size]

    Economy

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    2023-03-25 | 03:48
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    [/size]


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    Alsumaria News - Economy

    Oil prices fell, with European bank stocks falling and after US Energy Secretary Jennifer Granholm said that refilling the US Strategic Petroleum Reserve could take years, undermining demand expectations.


    Brent crude fell 92 cents, or 1.2%, to $74.99 a barrel, and West[url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]crude futures rose 70 cents, or 1%, to $69.26 a barrel.

    Both benchmarks rose this week after the banking sector turmoil subsided.






    Brent crude futures rose 2.8% during the week, while US crude futures rose 3.8%. Both benchmarks posted their sharpest declines in months in the previous week.

    Bank shares fell[You must be registered and logged in to see this link.]with damaged[url=https://www.alsumaria.tv/Entity/123128/%D8%AF%D9%88%D9%8A%D8%AA%D8%B4%D9%87 %D8%A8%D9%86%D9%83/ar/]Deutsche Bank[/url]And the UBS Group strongly fears the worst problems in the sector will continue since the financial crisis in 2008.

    And the US Treasury Secretary held[url=https://www.alsumaria.tv/Entity/3801673947/%D8%AC%D8%A7%D9%86%D9%8A%D8%AA %D9%8A%D9%84%D9%8A%D9%86/ar/]Janet Yellen[/url]A meeting that was not previously on the agenda for the Financial Stability Oversight Board on Friday morning.

    The dollar rose 0.6% against other currencies, making crude oil more expensive for holders of other currencies.

    announced[url=https://www.alsumaria.tv/Entity/83089/%D8%A7%D9%84%D8%A8%D9%8A%D8%AA %D8%A7%D9%84%D8%A3%D8%A8%D9%8A%D8%B6/ar/]White House[/url]In October, he said he would buy back oil for the Strategic Petroleum Reserve when prices are in the range of $67-72 a barrel or lower.

    Granholm told members of the House of Representatives on Thursday that it would be difficult to take advantage of lower oil prices this year to build up inventories, which are now at the lowest level since 1983, after sales directed by the president.[url=https://www.alsumaria.tv/Entity/693544025/%D8%AC%D9%88 %D8%A8%D8%A7%D9%8A%D8%AF%D9%86/ar/]Joe Biden[/url]in the last year.

    Oil received some support due to expectations of a recovery in demand from[You must be registered and logged in to see this link.]Goldman Sachs said that demand for commodities is rising in[You must be registered and logged in to see this link.], the world's largest oil importer, with oil demand exceeding 16 million barrels per day.

    Meanwhile, the Russian Deputy Prime Minister said[url=https://www.alsumaria.tv/Entity/1193232530/%D8%A3%D9%84%D9%83%D8%B3%D9%86%D8%AF%D8%B1 %D9%86%D9%88%D9%81%D8%A7%D9%83/ar/]Alexander Novak[/url]The production cut[You must be registered and logged in to see this link.]The previously announced oil production of 500,000 barrels per day will be from the production level of 10.2 million barrels per day in February, the agency said.[url=https://www.alsumaria.tv/Entity/100597/%D8%B1%D9%8A%D8%A7 %D9%86%D9%88%D9%81%D9%88%D8%B3%D8%AA%D9%8A/ar/]RIA Novosti[/url]to the news.”

    This means that[You must be registered and logged in to see this link.]It aims to produce 9.7 million bpd in the March-June period, according to Novak, which would be a much smaller production cut than it indicated.[You must be registered and logged in to see this link.]previously.
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