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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Oil prices drop after OPEC's decision to increase its daily production by 1 million barrels

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 265233
    Join date : 2012-12-21

    Oil prices drop after OPEC's decision to increase its daily production by 1 million barrels Empty Oil prices drop after OPEC's decision to increase its daily production by 1 million barrels

    Post by Rocky Tue 26 Jun 2018, 3:27 am

    Oil prices drop after OPEC's decision to increase its daily production by 1 million barrels
    June 26 2018 10:48 p
    Oil prices drop after OPEC's decision to increase its daily production by 1 million barrels 620175185254434588622
    [rtl][rtl]Oil falls amid concerns OPEC's cuts could affect the crisis between Qatar and Arab countries[/rtl]
    [/rtl]
    Baghdad Post
    [rtl]


    Oil prices have fallen as investors prepare to pump 1 million bpd into world markets. 

    Reuters reported that oil prices fell on Monday, as investors prepare for an additional 1 million barrels per day of oil will reach the markets, after OPEC agreed to increase production, coinciding with the decline of US stock markets due to fears of a trade war.


    Brent crude ended the session low 82 cents, or 1.1%, to settle at $ 74.73 per barrel. 

    US benchmark WTI futures fell 50 cents, or 0.73 percent, to close at $ 68.08 a barrel.


    "Trade tensions and global market concerns are the brakes on crude today," said Bell Barroche, head of Blue Line Futures in Chicago.


    US stocks fell amid a broad sell-off affected by rising trade tensions between the United States and China.


    OPEC agreed on Friday to increase supplies by returning to 100 percent of the agreed production cuts.


    Saudi Aramco's chairman said the giant oil company had spare capacity of 2 million bpd and could meet the extra demand in the event of supply shortages.


    Goldman Sachs, however, still expects a supply shortfall in the oil market.


    US Energy Secretary Rick Perry said on Monday that the agreement reached by OPEC and producers outside the organization may not be sufficient to ease pressure on supply in the oil market.

     

    http://www.thebaghdadpost.com/ar/story/109293/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B9%D8%AF-%D9%82%D8%B1%D8%A7%D8%B1-%D8%A3%D9%88%D8%A8%D9%83-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%86%D8%AA%D8%A7%D8%AC%D9%87%D8%A7-%D8%A7%D9%84%D9%8A%D9%88%D9%85%D9%8A-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%A8%D8%B1%D9%85%D9%8A%D9%84[/rtl]

      Current date/time is Tue 27 Feb 2024, 10:01 pm