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Neno's Place Established in 2006 as a Community of Reality


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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's commitment and strong demand will fuel the rise of oil to the end of 2018

    Rocky
    Rocky
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    OPEC's commitment and strong demand will fuel the rise of oil to the end of 2018 Empty OPEC's commitment and strong demand will fuel the rise of oil to the end of 2018

    Post by Rocky Mon 30 Apr 2018, 4:20 pm

    OPEC's commitment and strong demand will fuel the rise of oil to the end of 2018


    OPEC's commitment and strong demand will fuel the rise of oil to the end of 2018 948

    Strong commitment to OPEC-led output cuts, strong demand and supply disruption in the Middle East are likely to raise the average price of oil this year to more than $ 67 a barrel, a Reuters poll showed on Monday .
    Thirty-eight economists and analysts polled said the average price of Brent crude for the year was $ 67.40 in 2018, up more than 5 percent from a previous forecast of $ 63.97. This is the highest average forecast for Brent for 2018 since at least December 2015 .
    Oil analysts in Reuters surveys have raised average price forecasts every month since last August .
    As a result of the gradual shortage in the market, Brent crude and Western Texas Intermediate crude registered the highest level since November 2014 in April at $ 75.47 and $ 69.56 a barrel, respectively.
    Brent has risen 11 percent since the start of the year, while West Texas rose 12.6 percent .
    Analysts expected the average price of US light crude to 63.23 dollars a barrel this year against 59.85 dollars in the March poll .
    "With oil prices rising, US production is expected to grow rapidly in the coming months, " said Daniel Heinz, an analyst at ANZ .
    "Crude prices may remain high in the short term until increased drilling activity in the United States accelerates production growth."


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