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[ltr]Oil is heading for a weekly gain thanks to production cuts and strong demand[/ltr]
[ltr]Economie[/ltr]
From 2018-04-20 at 14:20 (Baghdad time)
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[ltr]Follow - Mawazine News[/ltr]
[ltr]Oil prices are heading for gains for a second straight week on Friday, thanks to shrinking supply and continued support from the Organization of the Petroleum Exporting Countries (OPEC) and its allies on supply cuts.[/ltr]
[ltr]Brent crude futures were $ 74 a barrel by 0958 GMT, up 22 cents from the previous close.[/ltr]
[ltr]US West Texas Intermediate crude futures rose 21 cents to $ 68.50 a barrel.[/ltr]
[ltr]Crude hit their highest level since November 2014 on Thursday at $ 74.75 and $ 69.56 a barrel, respectively.[/ltr]
[ltr]Saudi Energy Minister Khalid al-Falih said OPEC and its allies were far from reaching their goal and that the reduction of oil stocks needed to continue.[/ltr]
[ltr]Russian Energy Minister Alexander Novak told his OPEC and non-OPEC counterparts at a closed-door meeting in Jeddah on Friday that Moscow was committed to a supply cut agreement until the end of 2018, sources told Reuters.[/ltr]
[ltr]The sources said after the Russian news agency TASS quoted Novak as saying that OPEC countries and producers from outside are likely to ease oil production cuts this year.[/ltr]
[ltr]Aside from OPEC's supply management, crude prices also received support from expectations that the United States would impose sanctions on Iran, a member of the Organization.[/ltr]
[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
[/ltr]
[ltr]Economie[/ltr]
From 2018-04-20 at 14:20 (Baghdad time)
[ltr]
[/ltr][ltr]Follow - Mawazine News[/ltr]
[ltr]Oil prices are heading for gains for a second straight week on Friday, thanks to shrinking supply and continued support from the Organization of the Petroleum Exporting Countries (OPEC) and its allies on supply cuts.[/ltr]
[ltr]Brent crude futures were $ 74 a barrel by 0958 GMT, up 22 cents from the previous close.[/ltr]
[ltr]US West Texas Intermediate crude futures rose 21 cents to $ 68.50 a barrel.[/ltr]
[ltr]Crude hit their highest level since November 2014 on Thursday at $ 74.75 and $ 69.56 a barrel, respectively.[/ltr]
[ltr]Saudi Energy Minister Khalid al-Falih said OPEC and its allies were far from reaching their goal and that the reduction of oil stocks needed to continue.[/ltr]
[ltr]Russian Energy Minister Alexander Novak told his OPEC and non-OPEC counterparts at a closed-door meeting in Jeddah on Friday that Moscow was committed to a supply cut agreement until the end of 2018, sources told Reuters.[/ltr]
[ltr]The sources said after the Russian news agency TASS quoted Novak as saying that OPEC countries and producers from outside are likely to ease oil production cuts this year.[/ltr]
[ltr]Aside from OPEC's supply management, crude prices also received support from expectations that the United States would impose sanctions on Iran, a member of the Organization.[/ltr]
[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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