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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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    Saudi Arabia plan failed Ovqdtha hegemony on the world oil markets

    Rocky
    Rocky
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    Saudi Arabia plan failed Ovqdtha hegemony on the world oil markets Empty Saudi Arabia plan failed Ovqdtha hegemony on the world oil markets

    Post by Rocky Sat 25 Mar 2017, 4:20 am

    Saudi Arabia plan failed Ovqdtha hegemony on the world oil markets


    By sd sd -March 24, 2017017


    "Wall Street Journal" newspaper , the US considered that Saudi Arabia has lost its grip and its dominance of the large oil markets, which were controlled for long periods, because of the large reduction of production carried out by the Kingdom .

    She stressed the US newspaper in its report on the economic situation in Saudi Arabia, that the kingdom 's failed plan reshaped the ways of global oil trade, and made its competitors such as Iran, Russia and America benefit significantly .

    She added , " The Wall Street Journal" that Saudi Arabia 's exports of private oil fell, on 10 March / March, to 426 thousand barrels per day, which described the number is very lean, compared to previous weeks and almost biggest cut since its decision to cut production last November .

    The paper pointed out that Iran and Iraq have succeeded in dismantling the Saudi oil machine, and control of European clients top such as "France, Spain and Italy," according to data from the International Energy Agency and Saudi Arabia have fallen in a large number of global markets, for example China, which is considered one of the fastest consumers oil growth in the world, in which the kingdom fell to second place after Russia .

    He attributed Professor, Jean - Marc lyrically, head of risk analysis in the Geneva Security Policy Center, this retreat to Saudi Arabia "under pressure extraordinary internal and external levels ."

    He in turn, Alan Gelder, vice president of refining, chemicals and oil markets at Wood Mackenzie: "Kingdom sacrifice its share of the market, and opens the door to its competitors in order to dominate the world oil market ."

    He added , "Maybe Russia and Iraq will not want to pull the rug strongly from Saudi Arabia, even political relations are not affected by each other , but Iran will not have a mind never to pull the rug from the kingdom, and began the Iranians actually increase production gradually, despite the decision of production from OPEC reduced to take advantage of the waning influence of the kingdom in the global oil market . "

    It should be noted that Saudi Arabia over the past years tried by flooding world markets with large quantities of oil in excess of world medicine, sought to inflict heavy losses of the Iranian economy, which depends partly on oil sales revenues, especially that Iran was suffering during this period of economic difficulties following a serious economic embargo imposed by Western countries, because of its peaceful nuclear program .
    http://www.knoozmedia.com/209793/%D8%AE%D8%B7%D8%A9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%81%D8%A7%D8%B4%D9%84%D8%A9-%D8%A3%D9%81%D9%82%D8%AF%D8%AA%D9%87%D8%A7-%D9%87%D9%8A%D9%85%D9%86%D8%AA%D9%87%D8%A7/

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