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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    OPEC: The market is moving towards rebalancing supply and demand

    rocky
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    • Post n°1

    OPEC: The market is moving towards rebalancing supply and demand Empty OPEC: The market is moving towards rebalancing supply and demand

    Post by rocky Fri 19 Jan 2018, 1:24 am

    [ltr]OPEC: The market is moving towards rebalancing supply and demand[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-01-18 at 19:22 (Baghdad time)
    [ltr]OPEC: The market is moving towards rebalancing supply and demand 54[/ltr]
    [ltr]Mawazine News - Follow up[/ltr]
    [ltr]The Organization of Petroleum Exporting Countries (OPEC) said on Thursday that the global market is moving towards rebalancing supply and demand and prices are improving, while showing that the United States remains the main driver in the growth of non-OPEC supplies.[/ltr]
    [ltr]"The indicators are increasing on the oil market trend towards a smooth rebalancing, and prices are improving, driven by lower stocks, good demand and geopolitical tensions," OPEC said in its monthly report, seen by NRT Arabiya today (January 18, 2018).[/ltr]
    [ltr]"In December, oil outlook improved to levels not seen since late 2014," she said.[/ltr]
    [ltr]"The agreement to extend production cuts, as well as the disruptions in the North Sea supply, boosted gains after damage to the pipeline network, which supplies 40 percent of the UK's oil and gas in the North Sea, as a result of pipe damage," she said.[/ltr]
    [ltr]OPEC raised its forecast for world oil demand last year to 96.99 million bpd and attributed it to "better data expected for Europe and China."[/ltr]
    [ltr]As for 2018, global consumption is expected to reach 98.51 million barrels per barrel.[/ltr]
    [ltr]In terms of supply, OPEC said global oil supplies rose to 57.79 million barrels per day (bpd) in 2017 and would increase to 58.94 million bpd in 2018.[/ltr]
    [ltr]Oil prices have risen in recent months after an agreement between OPEC and non-OPEC producers, particularly Russia, at the end of 2016 to reduce output to counter supply oversupply globally.[/ltr]
    [ltr]The agreement was to be extended until the end of 2018 during a meeting in Vienna in November.[/ltr]
    [ltr]As a result, oil prices rose above $ 70 a barrel after reaching in January 2016 less than $ 30, the lowest level in ten years.[/ltr]




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