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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


    Poll: Oil rises as US output growth erodes as OPEC cuts

    Rocky
    Rocky
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    Posts : 273734
    Join date : 2012-12-21

    Poll: Oil rises as US output growth erodes as OPEC cuts Empty Poll: Oil rises as US output growth erodes as OPEC cuts

    Post by Rocky Wed 28 Feb 2018, 7:39 am

    [ltr]Poll: Oil rises as US output growth erodes as OPEC cuts[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-02-28 at 15:58 (Baghdad time)
    [ltr]Poll: Oil rises as US output growth erodes as OPEC cuts 435634543543324[/ltr]
    [ltr]Follow - Mawazine News[/ltr]
    [ltr]Oil market analysts expect crude oil prices to rise at a steady pace this year but remain limited by rising US crude oil production and supply constraints imposed by the Organization of the Petroleum Exporting Countries (OPEC) by a Reuters poll released on Wednesday. else.[/ltr]
    [ltr]The poll, which was seen by Mawazine News, included 37 economists and analysts, while Brent crude showed an average of $ 63 a barrel this year, slightly higher than a previous poll of $ 62.37 Per barrel.[/ltr]
    [ltr]"It is expected that the level of commitment of OPEC (agreed production cuts) and the growth rate of oil production will be the key price-driven oil workers in 2018," said Ashley Petersen of Stratas Advisors Energy Consultancy.[/ltr]
    [ltr]"Prices are likely to be more volatile in 2018 than in 2017 due to negative sentiment on the pace of US growth," Petersen said.[/ltr]
    [ltr]US production could exceed 11 million bpd this year as production already approaches a record high of more than 10 million bpd.[/ltr]
    [ltr]"The fact that the oil market is dominated by a large number of private companies that are not coordinated, many of which benefit from lower production costs than producers in other regions, means that the US will remain a player," said Kalin Birch, analyst at Economical Intelligence Unit. Key in the foreseeable future ".[/ltr]
    [ltr]At the same time, figures for the head of OPEC research this month showed that the organization is close to achieving its goal of reducing oil stocks in industrialized countries to an average of five years.[/ltr]
    [ltr]Saudi Arabia said this week it hoped OPEC and its allies could ease production restrictions next year and create a permanent framework for oil market stability after the agreement expires.[/ltr]
    [ltr]Analysts said that "unless there is a smooth exit from the agreement, global stocks may fall sharply so as to harm the rise in prices."[/ltr]
    [ltr]The growing demand from the Asian economies led by China is expected to absorb the increase in US supplies.[/ltr]
    [ltr]"Rising global demand for oil will be driven mainly by emerging markets in 2018 and 2019, and will be the fastest pace since 2013," Berch said.[/ltr]
    [ltr]The average price of US light crude is expected to hit 58.88 dollars per barrel in 2018, up from 58.11 dollars per barrel in the January poll.[/ltr]


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