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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 fall with doubts OPEC cut production level

rocky
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Oil continues to fall with doubts OPEC cut production level Empty Oil continues to fall with doubts OPEC cut production level

Post by rocky Thu 15 Jun 2017, 3:45 am

Oil continues to fall with doubts OPEC cut production level



2017/06/15 | 11:41


(Encyclopedia of this Day News | Iraq News ) - Live: Oil prices continued to fall during trading on Thursday, near its lowest level in seven months, with rising doubts about OPEC 's ability to cut production.
By 9:10 am GMT, the futures price of crude "Brent" index fell by 0.4% to $ 46.80 a barrel.

Also it fell futures price for crude, "NYMEX" by about 0.6% at $ 44.45 a barrel.

The US Energy Information Administration revealed yesterday, the decline in US stocks of oil by 1.7 million barrels, less than analysts' expectations.

The International Energy Agency also said in its monthly report, said that oil production in countries outside the Organization of "OPEC", this year, will rise by about 700 thousand barrels per day.

And increased investor doubts with data and negative expectations about stocks, and the level of production in as much as OPEC in reducing the level of production.

The producers inside and outside "OPEC" had agreed last month to extend a cut in oil production for a period of 9 months agreement expires in March 2018 but at the same pace of reduction currently applied.


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