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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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    The Institute of International Finance predicts the future of oil prices for the remainder of 2021

    Rocky
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    The Institute of International Finance predicts the future of oil prices for the remainder of 2021 Empty The Institute of International Finance predicts the future of oil prices for the remainder of 2021

    Post by Rocky Mon 05 Apr 2021, 8:03 am

     The Institute of International Finance predicts the future of oil prices for the remainder of 2021

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    The Institute of International Finance predicted, on Monday, that oil prices will hover below $ 60 levels during the current world, while global demand for oil is likely to return to levels of 100 million barrels per day, by the year 2023.
    Before the emergence of the Corona virus and its spread around the world, the world was consuming about 100 million barrels per day in 2019.
    The US-based institute, in a report seen by "Economy News", attributed the reasons for the drop in oil prices to "expectations of an increase in supply over demand during the remainder of the year, as well as an increase in oil stocks as a result of a gradual recovery of oil supplies in conjunction with OPEC + approval of an increase." Production during the next three months, and Saudi Arabia gradually withdraws voluntary cuts.
    He also suggested "the return of global demand for oil to levels of 100 million barrels per day by the year 2023," noting that the reason for this is "the continued closures in Europe and the decline in oil demand, as a result of the spread of the culture of work from home and the reduction in the volume of business, as well as support for major economies." For future plans without carbon emissions. "
    The International Institute pointed out, "The high oil prices that the world is currently witnessing is due to a set of factors that led to a significant reduction in global oil stocks, foremost among which was Saudi Arabia's decision last February to reduce production by an additional million barrels per day until the end of April, and the extension of OPEC + production cuts. This coincided with the disruptions in oil production in the United States at the beginning of the year as a result of the air turbulence, in addition to the delay in the arrival of oil shipments due to the disruption of navigation in the Suez Canal recently.
    The Institute of International Finance is a global federation of the financial industry, with more than 450 members from more than 70 countries, and its mission is to support the financial industry in prudent risk management.
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