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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


    Low oil prices

    Rocky
    Rocky
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    Low oil prices Empty Low oil prices

    Post by Rocky Tue 17 May 2022, 5:16 am

    [size=35][size=35]Low oil prices[/size]
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    Economie

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    2022-05-17 | 03:32
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    Alsumaria News - Economy
    Oil prices fell today, Tuesday, as Hungary resisted an effort in the European direction aimed at banning Russian oil imports.


    This move may lead to a decline in global supplies, as well as investors' desire to take profits after a recent rally.
     https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/420627/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7
    Brent crude futures fell 22 cents, or 0.2%, to 114.02 a barrel by 0327 GMT, according to "Reuters".





     
    West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures were down 35 cents, or 0.3%, at $113.85 a barrel.
     
    Both benchmarks rose more than 2% on Monday, following a 4% jump on Friday.
     
    On Monday, [url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url] foreign ministers failed in their efforts to pressure Budapest to change its position on the proposal to impose an oil embargo on Russia in the wake of its invasion of [You must be registered and logged in to see this link.].
     
    Passage of this proposal requires the approval of all EU member states.
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    But analysts said sentiment about prices remained high in general, amid optimism about a recovery in demand in China, which is looking to ease restrictions to combat Covid-19.
     
    Data revealed from[url=https://www.alsumaria.tv/Entity/43979/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Ministry of Energy[/url]On Monday, the US announced that stocks in the strategic oil reserve fell by 538 million barrels, the lowest level since 1987.
     
    On Monday, the European Union's foreign policy chief, Josep[You must be registered and logged in to see this link.]After a meeting of EU foreign ministers in Brussels, he "has not yet reached an agreement on a sixth package of sanctions against...[You must be registered and logged in to see this link.]".
     
    . added[You must be registered and logged in to see this link.]In statements to reporters,[You must be registered and logged in to see this link.]Unfortunately, it was not possible to reach an agreement today.
     
    He noted that "foreign ministers decided, however, to provide an additional 500 million euros for the purchase of weapons to support Kyiv," bringing the total funds allocated by the European Union for this purpose to two billion euros.
     
    Prior to that, it announced[You must be registered and logged in to see this link.]That the cost of stopping its purchases of Russian oil ranged between 15 and 18 billion euros, and demanded that it be exempted from the oil embargo that the European Union seeks to adopt.
     
    Hungarian Foreign Minister Peter Sciarto said during a press conference that was broadcast on his page on[You must be registered and logged in to see this link.]Following a meeting with his European counterparts, the suspension of oil purchases from[You must be registered and logged in to see this link.]It will lead to an “general price increase of about 50 to 60%” in[You must be registered and logged in to see this link.].
     
    "The Hungarians have the right to expect a proposal to finance investments (in new infrastructure) and compensate for the rise in prices, the total cost of which is about 15 to 18 billion euros," the minister added.

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