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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 on Venezuela, Iran sanctions and OPEC cuts

rocky
rocky
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Posts : 208472
Join date : 2012-12-21

   Oil rises on Venezuela, Iran sanctions and OPEC cuts Empty Oil rises on Venezuela, Iran sanctions and OPEC cuts

Post by rocky Thu 07 Mar 2019, 2:45 am

Oil rises on Venezuela, Iran sanctions and OPEC cuts

   Oil rises on Venezuela, Iran sanctions and OPEC cuts 13464


Oil rose on Thursday amid OPEC-led supply cuts and US sanctions on crude-exporting Venezuela and Iran, but price gains were limited by record US crude production and growing commercial fuel stocks.
At 0637 GMT, US WTI crude futures were at $ 56.31 a barrel, up nine cents, or 0.2 percent, from the previous settlement.
Brent crude was $ 66.22 a barrel, up 23 cents, or 0.4 percent.
The prices are supported by the efforts of the Organization of the Petroleum Exporting Countries (OPEC) and other countries - under the alliance known as OPEC + - to block about 1.2 million barrels per day of oil, in a strategy aimed at reducing supply to markets.
"From our point of view, OPEC's strategy is to balance the market as quickly as possible and exit the cuts by the end of June in order to increase production in parallel with oil producers in the second half of this year," investment bank Goldman Sachs said in a note on Wednesday.
Traders said the US sanctions on OPEC's oil industry, Iran and Venezuela, also had an impact.
Venezuelan national oil company PDVSA announced this week a maritime emergency because of what it said were difficulties in providing tankers and individuals to export their oil under sanctions.

rocky
rocky
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Posts : 208472
Join date : 2012-12-21

   Oil rises on Venezuela, Iran sanctions and OPEC cuts Empty OPEC's actions lead oil to rise

Post by rocky Thu 07 Mar 2019, 2:54 am


OPEC's actions lead oil to rise

11:46 - 07/03/2019



   Oil rises on Venezuela, Iran sanctions and OPEC cuts %D8%A7%D9%88%D8%A8%D9%83-2-696x435
Information / Baghdad ..
Oil rose on Thursday amid OPEC-led supply cuts and US sanctions on crude-exporting Venezuela and Iran, but price gains were limited by record US crude production and growing commercial fuel stocks.
At 0637 GMT, US WTI crude futures were at $ 56.31 a barrel, up nine cents, or 0.2 percent, from the previous settlement.
Brent crude was $ 66.22 a barrel, up 23 cents, or 0.4 percent.
The prices are supported by the efforts of the Organization of the Petroleum Exporting Countries (OPEC) and other countries - under the alliance known as OPEC + - to block about 1.2 million barrels per day of oil, in a strategy aimed at reducing supply to markets.
"From our point of view, OPEC's strategy is to balance the market as quickly as possible and exit the cuts by the end of June to increase production in parallel with rock oil producers in the second half of this year," investment bank Goldman Sachs said in a note on Wednesday.
Traders said the US sanctions on OPEC's oil industry, Iran and Venezuela, also had an impact.
Venezuelan national oil company PDVSA announced this week a maritime emergency because of what it said were difficulties in providing tankers and individuals to export their oil under sanctions.


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