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[rtl]History of edits:: 5.11.2016 15:16 • 110 visits readable[/rtl]
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{International: Euphrates News} Oil prices suffered the biggest weekly loss since the beginning of this year, with signs of tensions between Saudi Arabia and Iran could hinder an important agreement to cut supplies.
Sources Organization "OPEC" that the old differences between Saudi Arabia and rival Iran floated again on the surface at a meeting of experts "OPEC" last week, in Riyadh warned it may raise its oil production aggressively to cut prices if Tehran refused to impose restrictions on oil exports.
The meeting was devoted to crystallize details of the cuts before the next "OPEC" meeting on November 30, following a decision has been taken in Algeria to cut production to between 32.5 million and 33 million barrels a day to prop up prices.
and closed combination "Brent" in trading Friday, down by 77 cents, or 1.7%, at $ 45.58 a barrel, while US crude fell 59 cents, or 1.3%, to $ 44.07 a barrel.
thus , the Van have fallen by 15% since they arrived at high levels, which Sjllagha in early October / October last .
over the last week , it lost US crude about 9%, while Brent fell about 8%, in thebiggest weekly losses since January last.
also affected the markets negatively , up US crude inventories last week and continued weak demand, in addition to the dealers in the markets to withdraw liquidity from the futures, before the US presidential election on Tuesday, which isseen as a risky markets.
the company said , "Baker Hughes" energy Services the US drilling companies increased the number of searching for oil rigs this week, so the twentieth time in weeks 23 Alojerh.anthy
http://alforatnews.com/modules/news/article.php?storyid=131660
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Tensions, OPEC's biggest weekly loss incurred in 2016 oil
[/rtl][rtl]History of edits:: 5.11.2016 15:16 • 110 visits readable[/rtl]
{International: Euphrates News} Oil prices suffered the biggest weekly loss since the beginning of this year, with signs of tensions between Saudi Arabia and Iran could hinder an important agreement to cut supplies.
Sources Organization "OPEC" that the old differences between Saudi Arabia and rival Iran floated again on the surface at a meeting of experts "OPEC" last week, in Riyadh warned it may raise its oil production aggressively to cut prices if Tehran refused to impose restrictions on oil exports.
The meeting was devoted to crystallize details of the cuts before the next "OPEC" meeting on November 30, following a decision has been taken in Algeria to cut production to between 32.5 million and 33 million barrels a day to prop up prices.
and closed combination "Brent" in trading Friday, down by 77 cents, or 1.7%, at $ 45.58 a barrel, while US crude fell 59 cents, or 1.3%, to $ 44.07 a barrel.
thus , the Van have fallen by 15% since they arrived at high levels, which Sjllagha in early October / October last .
over the last week , it lost US crude about 9%, while Brent fell about 8%, in thebiggest weekly losses since January last.
also affected the markets negatively , up US crude inventories last week and continued weak demand, in addition to the dealers in the markets to withdraw liquidity from the futures, before the US presidential election on Tuesday, which isseen as a risky markets.
the company said , "Baker Hughes" energy Services the US drilling companies increased the number of searching for oil rigs this week, so the twentieth time in weeks 23 Alojerh.anthy
http://alforatnews.com/modules/news/article.php?storyid=131660
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