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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil prices collapsed to their lowest level in 18 years

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278995
    Join date : 2012-12-21

    Oil prices collapsed to their lowest level in 18 years Empty Oil prices collapsed to their lowest level in 18 years

    Post by Rocky Sat 21 Mar 2020, 2:56 am

    Oil prices collapsed to their lowest level in 18 years

    Oil prices collapsed to their lowest level in 18 years 19560




    Economy News _ Baghdad
    Crude oil prices have fallen to their lowest level in nearly 18 years, as growing concerns about an impending economic recession due to the Corona virus outbreak have raised concerns about global energy demand.
    And Brent prices closed Saturday, a new low of $ 1.09, or 3.83%, to $ 27.38, while US crude fell to $ 23.66, a decrease of $ 2.25.
    Compounding the problems of the crude oil market, the price war between Russia and Saudi Arabia started after the dispute over production cuts at the recently concluded OPEC + meeting without an agreement.
    Analysts expect Goldman Sachs group to continue to drop oil prices in the coming months, so some expect that some regional prices may be negative in light of the market's attempts to send signals to stop supplies.
    Analysts in "City Group" believe that the main issue is the possibility of the average price of a barrel of Brent crude reaching 17 dollars or less in the second quarter, with the possibility of average prices reaching 5 dollars and the possibility of prices falling to the negative area in some areas due to the lack of storage and logistics services.
    The sudden and dramatic fall in oil prices has boosted large-scale market sales, and threatens economies in Latin America, the Middle East and the United States where the energy industry represents large portions of both GDP and debt.


      Current date/time is Sun 13 Oct 2024, 3:56 pm