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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 prices are declining and producers are hoping to rise again

    Rocky
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    • Post n°1

    Oil prices are declining and producers are hoping to rise again Empty Oil prices are declining and producers are hoping to rise again

    Post by Rocky Mon 29 Mar 2021, 6:52 am

    [size=35][size=35]Oil prices are declining and producers are hoping to rise again[/size]
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    Economie

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    2021-03-29 | 02:13
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    Oil prices plummeted as rescue teams re-float the giant ship that was blocking the Suez Canal, and traders weighed the impact of the renewed closure on global demand ahead of the OPEC + policy meeting.


    Oil is still preparing to close its fourth consecutive quarterly gains this week, buoyed by ongoing supply restrictions imposed by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, and optimism that global demand will expand with the launch of coronavirus vaccines.







    But the continuation of three weekly losses for Brent and West crude [You must be registered and logged in to see this link.]This led to a downturn in crude's performance, leading to speculation that OPEC + will once again refrain from easing restrictions when ministers meet on April 1.
    "With the uncertainty in Suez and OPEC + and demand fogs, we might see big mood swings and high volatility during the day," said Vandana Hari, energy consultant Vanda Insights.

    Brent oil fell $ 2.38, or 2.14 percent, to $ 63.02 a barrel by 05:21 GMT, and US crude fell $ 1.46, or 2.38 percent, to $ 59.55 a barrel. Murban for June delivery was trading at $ 62.09 a barrel on the Abu Dhabi Futures Exchange.
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    The crisis caused [url=https://www.alsumaria.tv/Entity/47522/%D9%82%D9%86%D8%A7%D8%A9 %D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3/ar/]Suez Canal[/url]In a large accumulation of ships on both sides of the vital waterway, and prompted some ships to avoid congestion by taking the longest and most expensive route around Africa, tanker prices increased, which boosted the cost of shipping crude around the world.

    Despite advances in vaccines, it remains a pandemic[You must be registered and logged in to see this link.]It's a challenge. Global cases rose for a fifth week, with several European countries re-emerging. You will enter a city[You must be registered and logged in to see this link.], The third largest city in [You must be registered and logged in to see this link.] In terms of population, it has requested a three-day lockdown, while the Indian state of Maharashtra - which includes [You must be registered and logged in to see this link.]- From the authorities to prepare for another lockdown if no recovery in Asia is also suppressed, the Philippine capital has also returned under strict restrictions.

    Prices are getting some support from expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies will maintain low production levels when they meet this week.
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