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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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    The decline in oil prices, despite the decision to gradually lift restrictions on production cuts

    Rocky
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    The decline in oil prices, despite the decision to gradually lift restrictions on production cuts Empty The decline in oil prices, despite the decision to gradually lift restrictions on production cuts

    Post by Rocky Mon 05 Apr 2021, 6:54 am

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    [size=35][size=35]The decline in oil prices, despite the decision to gradually lift restrictions on production cuts[/size]
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    Economie

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    04-05-2021 | 1:43
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    Oil prices retreated on Monday, erasing the strong gains made in the previous session after OPEC + agreed last week to gradually ease some production cuts between May and July.


    Brent crude futures for June fell 61 cents, or 0.62 percent, to $ 64.23 a barrel by 05:15 GMT, while US West Texas Intermediate crude oil for May recorded $ 60.88 a barrel, down 58 cents, or 0.94 percent.







    Both contracts rose by more than $ 2 a barrel last Thursday, as investors viewed the OPEC + decision as a confirmation of the demand-led recovery and fueled optimism from the US President's infrastructure spending plan. [url=https://www.alsumaria.tv/Entity/693544025/%D8%AC%D9%88 %D8%A8%D8%A7%D9%8A%D8%AF%D9%86/ar/]Joe Biden[/url]Amounting to 2 trillion dollars.

    The Organization of the Petroleum Exporting Countries (OPEC) agreed[You must be registered and logged in to see this link.] And their allies, in a group known as OPEC +, to ease production restrictions by 350,000 barrels per day in May, another 350,000 barrels in June, and another 400,000 barrels or so in July.
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    The decision came after the new US administration called [url=https://www.alsumaria.tv/Entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Kingdom of Saudi Arabia[/url]To keep energy within reach of consumers despite demand concerns as parts of Europe remain under lockdown while Japan can expand emergency measures as needed to contain a new wave of infections .[url=https://www.alsumaria.tv/Entity/127576/%D9%81%D9%8A%D8%B1%D9%88%D8%B3 %D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7/ar/]Corona Virus[/url].

    Most of the increase in supplies will come from Saudi Arabia, the world's largest exporter, which has said it will gradually cancel its additional voluntary cuts by July, in a move that would add 1 million bpd.

    Investors are focusing this week on the indirect talks in Vienna between Iran and[url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url] As part of broader negotiations to revive the 2015 nuclear deal between [You must be registered and logged in to see this link.]And global powers.

    Ahead of the talks, Iran's Foreign Ministry said it wanted who[url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url]Lifting all sanctions and rejecting any "step-by-step" easing of restrictions.

    He said[url=https://www.alsumaria.tv/Entity/2332978987/%D9%87%D9%86%D8%B1%D9%8A %D8%B1%D9%88%D9%85%D8%A7/ar/]Henry of Rome[/url] The analyst in Eurasia, diplomacy could extend for months and nuclear compliance could take up to three months, ”he said, adding that the implementation of such a deal and an increase in oil exports could extend until early 2022.

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