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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


Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production A

rocky
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Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  Empty Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production A

Post by rocky Fri 21 Dec 2018, 2:06 am

Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production

Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  10269


Oil prices jumped on Friday after plummeting 5 percent in the previous session, on signs that a cut in OPEC output, which starts next month, will be larger than expected .
Brent crude <LCOc1> rose 27 cents, or 0.5 percent, to $ 54.62 a barrel by 0448 GMT, after falling $ 2.89 in the previous session .
Brent is down 9.4 percent this week .
US WTI crude futures rose 33 cents, or 0.7 percent, to $ 46.22 a barrel. WTI is heading down about 9.5 percent this week .
The Organization of the Petroleum Exporting Countries (OPEC) plans to publish a schedule detailing cuts in production of its members and allies in an effort to raise crude prices, FAO Secretary-General Mohamed Barkindo said in a letter seen by Reuters on Thursday .
Barkindo said that in order to achieve the target of reducing production by 1.2 million barrels per day, the actual reduction of member states will be 3.02 percent .
That was above 2.5 percent as OPEC sought to accommodate the countries exempted from the cut: Iran, Libya and Venezuela .

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Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  Empty Oil rises to $ 54 amid expectations of cut production

Post by rocky Fri 21 Dec 2018, 2:08 am


Oil rises to $ 54 amid expectations of cut production

10:45 - 21/12/2018



Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  %D8%A7%D9%84%D9%86%D9%81%D8%B74-696x435
Information / Baghdad ...
Oil prices jumped on Friday, having fallen 5 percent in the previous session, on signs that a cut in OPEC production, which starts next month, will be larger than expected.
Brent crude <LCOc1> rose 27 cents, or 0.5 percent, to $ 54.62 a barrel by 0448 GMT, after falling $ 2.89 in the previous session.
Brent is down 9.4 percent this week.
US WTI crude futures rose 33 cents, or 0.7 percent, to $ 46.22 a barrel. WTI is heading down about 9.5 percent this week.
The Organization of the Petroleum Exporting Countries (OPEC) plans to publish a schedule detailing cuts in the production of its members and allies in an effort to raise crude prices, Secretary-General Mohamed Barkindo said in a letter seen by Reuters on Thursday.

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Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  Empty Oil rises amidst signs of curbing US production

Post by rocky Mon 24 Dec 2018, 6:30 am

Oil rises amidst signs of curbing US production


Oil rises amid expectations of a larger-than-expected cut in OPEC and allied production  A  12055

Oil markets rose on Monday on signs that recent price declines could start curbing supply to the United States, now the biggest crude producer, despite continued pressure from concerns about the global economy.
London Brent crude <CLc1> was up 30 cents, or 0.56 percent, at $ 54.12 a barrel by 0744 GMT, after jumping to $ 54.66 a barrel.
 
US WTI crude futures rose 15 cents, or 0.33 percent, to $ 45.74 a barrel. Crude was up to $ 46.24 earlier.
 
Crude prices recovered from recent sharp declines, with Brent falling 11 percent over the week to its lowest level since September 2017 on Friday, and US crude fell 11 percent last week, its weakest weekly performance since January 2016.
 
The benchmark crude fell more than 35 percent from its peak in early October.
The fall in prices prompted US rock producers to cut back on their drilling plans next year.
The surge in US rock production supported the country to rank first among the world's oil producers, ahead of Saudi Arabia and Russia.
The macroeconomic picture and its impact on oil demand continue to put pressure on prices. Global stock markets fell amid fears of a slowdown in trade flows, especially in the shadow of the US-China trade war, the world's two biggest economies.
Despite signs of a slowdown in US supplies, global production is still outpacing demand.
The Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed earlier this month to cut output by 1.2 million bpd starting in January to curb supply.
UAE Energy Minister Suhail al-Mazroui said on Sunday that OPEC and its allies would hold an extraordinary meeting if the cuts did not stop to balance the market.
Al-Mazroui said that the OPEC Joint Control Committee and independent producers would meet in Baku in Azerbaijan in late February or early March.
Concerns over supply overshadowed a report by Baker Hughes Energy Services, which showed a rise in the number of oil drilling platforms operating in the United States by 10 platforms in the week ending December 21 to 883 diggers.


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