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[ltr]Oil markets stabilize amid OPEC cuts[/ltr]
[ltr]Economie[/ltr]
Since 2018-05-15 at 12:19 (Baghdad time)
[ltr].jpg)
[/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices held steady on Tuesday as OPEC production cuts and pending US sanctions on Iran continued, threatening to reduce supply on the market amid signs of continued strong demand.[/ltr]
[ltr]By 0639 GMT Brent crude for the year was $ 78.21 a barrel, unchanged from the last close and close to a three-and-a-half-year high of $ 78.53 reached in the previous session.[/ltr]
[ltr]West Texas Intermediate crude futures contract was $ 70.88 a barrel, down eight cents, but still close to the highest level since November 2014 at $ 71.89 a barrel hit last week.[/ltr]
[ltr]US crude prices are sharply lower than Brent after US oil production rose more than 25 percent to 10.7 million barrels per day to provide the US market with good supplies.[/ltr]
[ltr]World markets are in short supply after the Organization of the Petroleum Exporting Countries (OPEC) cut off supplies since 2017 to raise oil prices.[/ltr]
[ltr]Experts said crude prices were well supported by the imminent renewal of US sanctions on OPEC member Iran.[/ltr]
[ltr]"The commitment of Saudi Arabia and the rest of the OPEC members to production cuts is a key factor in supporting price at the moment, as well as the possibility of lower imports from Iran due to sanctions," said William Olokhalin, investment analyst at Refin Securities.[/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]
Since 2018-05-15 at 12:19 (Baghdad time)
[ltr]
[/ltr][ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices held steady on Tuesday as OPEC production cuts and pending US sanctions on Iran continued, threatening to reduce supply on the market amid signs of continued strong demand.[/ltr]
[ltr]By 0639 GMT Brent crude for the year was $ 78.21 a barrel, unchanged from the last close and close to a three-and-a-half-year high of $ 78.53 reached in the previous session.[/ltr]
[ltr]West Texas Intermediate crude futures contract was $ 70.88 a barrel, down eight cents, but still close to the highest level since November 2014 at $ 71.89 a barrel hit last week.[/ltr]
[ltr]US crude prices are sharply lower than Brent after US oil production rose more than 25 percent to 10.7 million barrels per day to provide the US market with good supplies.[/ltr]
[ltr]World markets are in short supply after the Organization of the Petroleum Exporting Countries (OPEC) cut off supplies since 2017 to raise oil prices.[/ltr]
[ltr]Experts said crude prices were well supported by the imminent renewal of US sanctions on OPEC member Iran.[/ltr]
[ltr]"The commitment of Saudi Arabia and the rest of the OPEC members to production cuts is a key factor in supporting price at the moment, as well as the possibility of lower imports from Iran due to sanctions," said William Olokhalin, investment analyst at Refin Securities.[/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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