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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


    OPEC announced that the average price of crude was $ 42.68 per barrel

    Rocky
    Rocky
    Rocky
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    • Post n°1

    OPEC announced that the average price of crude was $ 42.68 per barrel Empty OPEC announced that the average price of crude was $ 42.68 per barrel

    Post by Rocky Thu 11 Aug 2016, 5:52 am

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    [size=48]OPEC announced that the average price of crude was $ 42.68 per barrel

    August 11, 2016
     


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    Our economy / Agencies

    OPEC announced on Thursday that the average prices of the Organization amounted to $ 42.68 per barrel in July, the expected continuation of global oil demand growth unchanged in 2016 and next year.
    The organization said in a report, "The average OPEC basket price of $ 42.68 per barrel, which represents the first decline in five months," pointing out that "Brent prices fell US $ 3.39 to reach the average of these prices to $ 46.53, while crude fell west Texas intermediate NYMEX $ 4.05 to $ 44.80 per barrel. "
    The organization added that "lower prices because the demand was lower than expected, in addition to the rise in stocks of refined products, and the abundance of supply, as well as speculators reduced their long positions more during this month."

    Organization "demand for OPEC oil in 2016 was estimated to 31.9 million barrels, unchanged from the last report, up by 1.9 million than in the previous year," predicting that "the demand for OPEC oil up to 33 million barrels in 2017".
    And it predicted "the survival of world economic growth of 3.0% for the current year 2016 and 3.1% for next year in 2017," predicting that "global oil demand growth in the second half of the year 2016 by 1.22 million barrels per day will continue."
    It consists of OPEC basket of 12 crude, a mixture of the Algerian Sahara ore Girassol Angolan Iranian heavy crude and Basrah Light Iraqi and Kuwaiti export Libyan Seder and Bonny Light of Nigeria and sea Qatari Light and Arab Saudi Murban UAE and Mary Venezuelan and OCC from Ecuador.


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    Rocky
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    • Post n°2

    OPEC announced that the average price of crude was $ 42.68 per barrel Empty The International Energy Agency cut its forecast for growth in demand for crude oil next year

    Post by Rocky Thu 11 Aug 2016, 5:53 am

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    [size=48]The International Energy Agency cut its forecast for growth in demand for crude oil next year

    August 11, 2016


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    Our economy / Agencies

    It lowered the International Energy Agency on Thursday its forecast for growth in demand for crude oil over the next year in 2017 to 1.2 million barrels, unexpected rise in oil production growth outside OPEC by 0.2 million barrels per day.
    The agency said in a report today, that "crude oil prices fell to about 45% dollars per barrel in the current August due to the accumulation of the global supply of oil and the weakness of demand growth."
    He said the agency from "expected to slow down growth for oil from 1.4 million barrels in 2016 to 1.2 million barrels per day in 2017, although it remains above the previous forecast which indicated that growth would be up 0.1 million barrels."
    The agency noted that "the global supply of crude oil rose by 0.8 million barrels in July, whether this increase was derived from OPEC or outside," indicating "high OPEC output to 33.39 million barrels in July, which significantly Arabia came also from Iraq."
    The agency predicted "the decline in oil production from outside OPEC by 0.9 million barrels during the current year, before coming back to rise to 0.3 million barrels per day in 2017".


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