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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

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    Lower oil prices with increased supply concerns

    Rocky
    Rocky
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     Lower oil prices with increased supply concerns Empty Lower oil prices with increased supply concerns

    Post by Rocky Thu 19 Jul 2018, 3:43 am

    Lower oil prices with increased supply concerns






    2018/07/19 11:18


    (Encyclopedia of this Day News | Iraq News ) - Direct: Oil prices fell during trading on Thursday, after negative data on stocks and production in the United States.

    US production resumed a new high, reaching a record high of 11.1 million barrels per day in the week ending July 13, according to data from the US Energy Information Administration.

    By 0745 GMT, the price of Brent crude for September delivery fell 0.8 percent to $ 72.35 a barrel.

    Nymex crude futures for August delivery fell $ 68.47 a barrel, down 0.4%.

    While the US administration data showed that inventories rose in the same period by 5.8 million barrels, contrary to expectations of a decline.

    On the other hand, gasoline stocks in the United States fell last week by 3.2 million barrels.

    While the meeting between members and non-members within the OPEC, which was held yesterday that the commitment to the agreement to reduce production declined, indicating that more supply is available in the markets.

    At the end of last month, OPEC producers decided to reduce their commitment to a 100% reduction in output to meet price increases.



    Note: The content entitled (low oil prices with concerns of oversupply) was published first on Mubasher site and the encyclopedia of this news day is not guaranteed in any way. 
    You can see the details of this title (low oil prices and concerns of oversupply) through its original source (ie, direct).





    https://hathalyoum.net/articles/1609746-%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-%D9%85%D8%B9-%D9%85%D8%AE%D8%A7%D9%88%D9%81-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-

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