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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

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    International Energy Announces outlook for the oil market for 2017

    Rocky
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    International Energy Announces outlook for the oil market for 2017 Empty International Energy Announces outlook for the oil market for 2017

    Post by Rocky Sat 21 Jan 2017, 3:59 am

    [size=36][size=33]International Energy Announces outlook for the oil market for 2017[/size][/size]
    Ali Abdul Salman 35[ltr]  01/21/2017[/ltr]
    International Energy Announces outlook for the oil market for 2017 5882df5eb2c3a





    The International Energy Agency forecast slowing crude demand growth for this year to 1.3 million barrels per day, compared with 1.5 million barrels per day in 2016. They attributed the Agency in its monthly report Thursday edition January 19, forecast a slowdown in demand growth, the possibility of continuing high prices of crude oil on the world market, due to lower production agreement. And began to producers of "OPEC" and elsewhere earlier this year, to cut their production by about 1.8 million barrels per day, in a move designed to absorb the oversupply in the market and support prices. According to the International Energy Agency, oil supplies have fallen around the world in December / December last, about 600 thousand barrels to 97.6 million barrels a day. With respect to the organization, "OPEC", the agency said supplies fell last month by about 320 thousand barrels per day to 33.09 million barrels, as a result of decline in the production of Saudi Arabia, and some production disruptions in Nigeria caused to rein in production growth. The agency stressed that the coming weeks will appear more clearly, the results of the production cut, which started early this year, it is premature to assess the outcome of today's cut. And begin to reduce production monitoring committee, which is chaired by Kuwait, held its first meeting on Friday and Saturday in Vienna, to get to know the extent of the commitment of producers to cut production. The agency said that the oil market attention must be focused at the moment on shale oil production, which increased the pace of production with higher crude oil prices, where the agency data showed that the number of production rigs, especially in the United States, resumed its activities again. In terms of trading, oil prices rose during trading to its lowest level in a week, after the International Energy Agency said that the shrinking gap between supply and demand in world oil markets. By 10:15 GMT (13:15 Moscow time), the global Brent crude blend "Brent" rose in futures by 27 cents to $ 54.19 a barrel, after it ended the previous session on a decline of 2.8%. As, was crude, "US West Texas Intermediate trading" in the futures up 25 cents to $ 51.33 a barrel, after falling to its lowest level in a week on Wednesday at $ 50.91 a barrel.




    http://burathanews.com/arabic/economic/309517
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