Established in 2006 as a Community of Reality

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


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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.

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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 rising and the market is concerned about the issuance of reserves in exchange for the

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

    Oil prices are rising and the market is concerned about the issuance of reserves in exchange for the Empty Oil prices are rising and the market is concerned about the issuance of reserves in exchange for the

    Post by Rocky Tue 01 Mar 2022, 5:03 am

    Oil prices are rising and the market is concerned about the issuance of reserves in exchange for the disruption of Russia

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    Oil futures rose on Tuesday, after a volatile start to the week, as the market weighed down a coordinated international release of crude stocks in exchange for Russian supply disruptions in the wake of Moscow's invasion of Ukraine.
    May Brent crude futures rose by about $3.6, or 3.12%, to $100.99, at 04:30 GMT and the index touched a seven-year high of $105.79 after the Russian invasion of Ukraine last week.
    US West Texas Intermediate crude futures for April rose by about $0.86, or 0.96 percent, to $96.58, and this contract touched its highest level at $99.10 a barrel the previous day, and settled up by more than 4%. 
    The market has calmed as the US and its allies are discussing a coordinated release of crude stocks in a bid to mitigate supply disruptions, and media outlets have reported that this release could be as high as 60-70 million barrels.
    Fears about supply cuts As major oil and gas companies, including BP and Shell, announce plans to exit Russian operations and joint ventures, Russian oil buyers are also facing difficulty with payments and ship availability as Western sanctions are imposed in response to the invasion of Ukraine. . 
    Russia, which describes its war in Ukraine as a "special operation", exports 4-5 million barrels per day of crude oil, and 2-3 million barrels per day of refined products.
    The International Energy Agency (IEA) is preparing to hold an extraordinary ministerial meeting on Tuesday to discuss the role its members can play in stabilizing oil markets.
    The Organization of the Petroleum Exporting Countries (OPEC) and other producers - including Russia - will also meet on Wednesday and are expected to maintain a gradual increase in supply.
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