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Neno's Place Established in 2006 as a Community of Reality


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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


    Sumo: We will not offset the costs of shipping April crude to Europe and the Americas

    Rocky
    Rocky
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    Sumo: We will not offset the costs of shipping April crude to Europe and the Americas Empty Sumo: We will not offset the costs of shipping April crude to Europe and the Americas

    Post by Rocky Fri Mar 20, 2020 3:22 am


    Sumo: We will not offset the costs of shipping April crude to Europe and the Americas

    10:08 - 19/03/2020



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    Information / Baghdad ..
    The Iraqi Oil Marketing Company (SOMO) notified its customers on Thursday that it will not be able to compensate for a big jump in shipping costs for crude oil shipments to Europe and the Americas in April, according to a copy of a notice.
    The company said in the notice issued to customers that the decision comes because of "the unprecedented big changes in freight rates in parallel with a significant drop in crude oil prices."
    The head of the International Energy Agency, Fatih Birol, warned, today, Thursday, that [You must be registered and logged in to see this link.] will face tremendous economic pressure in light of the collapse of the oil price, while appealing to Iraqi officials to find urgent solutions. Ended / 25




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    Rocky
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    Sumo: We will not offset the costs of shipping April crude to Europe and the Americas Empty Iraq informs its customers of the inability to cover the cost of shipping oil to 3 continents

    Post by Rocky Fri Mar 20, 2020 3:43 am

    Iraq informs its customers of the inability to cover the cost of shipping oil to 3 continents

    •  Time: 03/19/2020 10:26:05
       
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    (Baghdad: Al Furat News) The Iraqi Oil Marketing Company (SOMO) notified its clients that it will not be able to compensate for a big jump in shipping costs for crude oil shipments to Europe and the Americas in April, according to a copy of a notice seen by Reuters on Thursday.
    The company said in the notice issued to customers that the decision comes because of "the unprecedented big changes in freight rates in parallel with a significant drop in crude oil prices."
    It is noteworthy that oil prices fell in world markets to record levels, where the price of a barrel of Brent mix fell below the level of $ 25 a barrel, which is the lowest level since 2003, while US crude contracts tumbled to their lowest level in 18 years.
    And Saudi Arabia, the largest oil exporter, cut prices in Monday’s transactions after it failed to persuade Russia on Friday to support a significant cut in production.
    The Organization of Petroleum Exporting Countries (OPEC) and its ally, Russia, previously worked to impose restrictions on production.
    Ammar Al-Masoudi ended


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