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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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Oil continues to decline despite output cut

rocky
rocky
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Oil continues to decline despite output cut Empty Oil continues to decline despite output cut

Post by rocky Mon 29 May 2017, 4:08 am

Oil continues to decline despite output cut


09:50 - 29/05/2017


Oil prices remained weak on Monday after being undermined by the continuing increase in the number of drilling rigs in the United States campaign led by OPEC to limit the supply of oil.

Futures prices fell Brent crude for another five cents to close it to $ 52.10 a barrel at 0150 GMT.

Futures prices for WTI and US mediator remained less than $ 50 a barrel, falling eight cents to $ 49.72.

The OPEC countries and some oil-producing countries outside OPEC agreed last week to extend the pledge to cut production about 1.8 million barrels per day until the end of the first quarter of 2018. However, this decision did not go to the extent to which many investors had hoped.

Many of the success of OPEC production in the United States, which is not involved in the cuts and will depend where production rose ten percent since mid-2016 to more than 9.3 million barrels per day, approaching the production of Russia and Saudi Arabia, the largest oil producers levels. Finished / 25

http://www.almaalomah.com/2017/05/29/162419/

    Current date/time is Tue 27 Sep 2022, 1:17 pm