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Neno's Place Established in 2006 as a Community of Reality


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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 is declining with fear of Iranian barrels

    Rocky
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    • Post n°1

    Oil is declining with fear of Iranian barrels Empty Oil is declining with fear of Iranian barrels

    Post by Rocky Thu 27 May 2021, 7:25 am

     Oil is declining with fear of Iranian barrels

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    prices fell, on Thursday, amid fears that the market may face a flood of Iranian barrels if the sanctions imposed on the Gulf product are lifted.
    The price drop came today, despite more evidence of a recovery in the United States as oil consumption increases as the epidemic fades, while inventories of US crude oil and gasoline decreased last week, according to government figures released ahead of the start of the traditional summer driving season.
    Investors are balancing increased demand in the United States, Europe, and China against weak consumption in parts of Asia where the Corona virus is still strong.At the same time, the OPEC + alliance is now working to ease production restrictions, and Iranian talks could lead to more supplies returning if the deal is revived Nuclear.
    West Texas Intermediate crude for July delivery fell 0.47% to $ 65.90 a barrel on the New York Mercantile Exchange at 05:17 GMT.
    July Brent crude lost 0.52% to $ 68.37 on the ICE Futures Exchange.
    Ministers of the Organization of the Petroleum Exporting Countries and their allies are due to meet on June 1 to assess the state of the market and their production policy.
    And in the United States, distillate stocks - a category that includes diesel - fell last week to the lowest level since April 2020, according to the Energy Information Administration. Meanwhile, average gasoline supplies for four weeks exceeded 9 million barrels per day for the first time since March of last year.
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