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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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    Oil price stability

    Rocky
    Rocky
    Rocky
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    Posts : 278278
    Join date : 2012-12-21
    • Post n°1

    Oil price stability Empty Oil price stability

    Post by Rocky Tue 30 Mar 2021, 7:19 am

    Oil price stability

    •  Time: 03/30/2021 09:25:25
       
    •  Read: 2,210 times

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    {Economic: Al Furat News} Oil prices stabilized, on Tuesday, with the resumption of shipping movement through the Suez Canal after days of waiting and attention shifted to the OPEC + meeting this week, where the extension of supply restrictions may be on the table amid new closures of the Corona virus.
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.] 
    Brent crude fell 1 cent, or 0.02 percent, to $ 64.91 a barrel by 05:20 GMT, after rising 0.6 percent on Monday. The price of US oil rose 3 cents to $ 61.58 a barrel, after falling 1% in the previous session.
    Ships were moving through the Suez Canal again on Tuesday after tugs re-floated the giant container carrier Evergiven, which had been blocking a narrow section of the pass for about a week, causing a massive accumulation of ships around the waterway.
    With turbulence likely to be minimal, the market shifts its focus to Thursday's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia in Vienna, known as OPEC +
    They will discuss whether to keep production curbs that have kept millions of barrels a day off the market to support prices, a strategy that has largely succeeded in recent months.
    A source familiar with the matter said on Monday, that Saudi Arabia is ready to accept an extension of production cuts until June, and is also ready to prolong the voluntary unilateral restrictions amid the recent wave of closures of the Corona virus.
    In Europe, the increasing numbers in the third wave of infections raise the concerns of the authorities, which puts pressure on oil, as French Finance Minister Bruno Le Maire said that "all options are on the table" to protect the public. 
    Forgiveness Al-Khalidi
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