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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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    What is the average annual OPEC oil price that bothered Trump?

    Rocky
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    • Post n°1

    What is the average annual OPEC oil price that bothered Trump? Empty What is the average annual OPEC oil price that bothered Trump?

    Post by Rocky Mon 25 Feb 2019, 2:50 pm

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    What is the average annual OPEC oil price that bothered Trump?

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    [rtl]Editorial date: 2019/2/25 23:15 • 72 times read[/rtl]
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    The price of the basket for January was $ 58.74 per barrel compared to $ 56.94 in December, which indicates that the price of the basket reached since the beginning of this year and until the end of last week 63.55 dollars a barrel, the Organization of the Petroleum Exporting Countries said on Monday.

    OPEC's annual basket price index was $ 52.43 a barrel last year. 
    The Organization of the Petroleum Exporting Countries (OPEC) said on Monday that the price of basket of raw materials rose on Sunday, six cents to 66.56 dollars a barrel compared to 66.50 dollars a barrel last Thursday. 
    The OPEC basket, which is a reference at the level of the policy of production 14 types, namely Sahara (Algeria), heavy Iranian (Basarah) and Iraqi crude exports, crude (Al-Sidr) and the Libyan (Boni) Nigerian, Saudi Arabian light and crude (Mariat) and Venezuelan crude (Girasol), Ecuador (Orient), Zafiro (Equatorial Guinea), Rabi El-Hafayek (Gabon), Gheno ore (Congo) and the UAE's Merban ore.
    The Organization of the Petroleum Exporting Countries (OPEC) linked the improvement in prices to what it described as strong fundamentals in the market of supply and demand with signs of reducing the surplus of crude and strong demand for crude oil, especially from Asia and the Pacific. 
    According to the OPEC report for the month of February, the total global demand for the Organization's oil in 2018 amounted to 31.6 million barrels per day, or less by about 1.3 million barrels per day from the level of 2017 and expected to decline this year by about 1 million barrels per day from 2018 to reach 30.6 million barrels per day. 
    Oil ministers from within and outside OPEC, including Russia, agreed on December 7 to cut production by 1.2 million barrels per day from early 2019 until the end of June to support prices, which fell by 20 percent.
    Under the agreement, the Organization of the Petroleum Exporting Countries (OPEC) will reduce production by 800,000 barrels per day (bpd), or 2.5 percent of the output of each member state. 
    The 11 non-OPEC countries will also cut production levels by 400,000 barrels, or 2 percent of the output of each non-OPEC member, according to the October production. 
    OPEC ministers and their independent producers, led by Russia, are set to hold an extraordinary meeting on April 17 and 18 in Vienna to assess developments in the world oil market and the market's need for adjustments to production levels.


    http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=189768
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    Rocky
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    • Post n°2

    What is the average annual OPEC oil price that bothered Trump? Empty Trump tug Oil prices suffered heavy losses

    Post by Rocky Mon 25 Feb 2019, 2:51 pm

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    Trump tug Oil prices suffered heavy losses

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    [rtl]Editorial date: 2019/2/25 20:35 • 271 times read[/rtl]
    What is the average annual OPEC oil price that bothered Trump? Story_img_5c7427897166b
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    The price of oil fell on Monday after US President Donald Trump resumed his attacks on the Organization of Petroleum Exporting Countries (OPEC), criticizing soaring prices.
    "Oil prices are going up a lot, I hope OPEC can keep calm, the world can not afford an increase in prices," Trump wrote in a tweet. 
    The price of oil, which was balanced at the start of trading, declined due to the twinkling. 
    Brent crude for April delivery fell to $ 66 in London after losing $ 1.11 compared to Friday's closing price. 
    In New York electronic exchanges, light sweet crude for April delivery fell 92 cents to $ 56.34.


    http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=189737
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