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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 rises after Saudi Arabia's pledge to cut exports

    Rocky
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    Oil rises after Saudi Arabia's pledge to cut exports Empty Oil rises after Saudi Arabia's pledge to cut exports

    Post by Rocky Tue 25 Jul 2017, 3:27 am

    Oil rises after Saudi Arabia's pledge to cut exports



    Oil prices rose more than 1 per cent after Saudi Arabia, OPEC's biggest producer, pledged to cut exports in August to help reduce global supply of crude, while Halliburton chief executive said the increase in US rock oil production is likely to recede. Next year.

    For his part, Saudi Energy Minister Khalid Al-Falih said that his country will limit oil exports by 6.6 million barrels per day in August, or about one million barrels per day less than a year ago.

    Russian Energy Minister Alexander Novak told reporters that an additional 200,000 barrels per day of crude could be removed from the market if compliance with a global agreement to cut output was 100 percent.

    Global Brent crude was up 54 cents, or 1.1 percent, to settle at $ 48.60 a barrel, while US benchmark WTI futures rose 57 cents, or 1.3 percent, to close at $ 46.34 a barrel.

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