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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 record a new jump

    Rocky
    Rocky
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    • Post n°1

    Oil prices record a new jump Empty Oil prices record a new jump

    Post by Rocky Mon 30 May 2022, 5:06 am

    [size=35][size=35]Oil prices record a new jump[/size]
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    Economie

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    2022-05-30 | 01:21
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    Oil prices rose to a two-month high on Monday, as traders waited to see if the European Union could reach an agreement on a Russian oil embargo ahead of a meeting related to the sixth package of sanctions against Moscow over its invasion of Ukraine.


    Brent crude futures for July rose more than a dollar to $120.50 a barrel, while US West Texas Intermediate crude futures jumped a dollar to $116.10 a barrel, continuing strong gains made last week.






    European Union leaders are scheduled to meet on Monday and Tuesday to discuss the sixth package of sanctions against[You must be registered and logged in to see this link.]to conquer it[You must be registered and logged in to see this link.].

    Any additional ban on Russian oil will lead to a supply shortage in the crude oil market, which is already under pressure on supplies amid increased demand for gasoline, diesel and jet fuel ahead of the peak summer demand season in the United States and[You must be registered and logged in to see this link.].

    Officials said European Union governments failed to agree on a Russian oil embargo on Sunday but would continue talks on a deal to ban offshore shipments of Russian oil while allowing pipeline deliveries.[You must be registered and logged in to see this link.]:2360) before Monday afternoon's summit.
    [rtl]Related Articles[/rtl]

    If this is agreed upon, Hungary and[You must be registered and logged in to see this link.]And the Czech Republic to continue receiving Russian oil through the Druzhba pipeline for some time until alternative supplies are arranged.

    In confirmation of the lack of supply in the market, it is expected that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including[You must be registered and logged in to see this link.], which are called OPEC +, Western calls to speed up the increase in their oil production when they meet on Thursday. Six sources in OPEC + told[You must be registered and logged in to see this link.]OPEC + will stick to its plan to add 432,000 barrels per day in July. "This raises the specter of further disruption to the flow of oil through

    The oil market was also tense after Iran said on Friday that its navy had seized two Greek oil tankers in retaliation for the United States' confiscation of Iranian oil from an oil tanker seized off the Greek coast.

    [url=https://www.alsumaria.tv/Entity/50245/%D9%85%D8%B6%D9%8A%D9%82 %D9%87%D8%B1%D9%85%D8%B2/ar/]Strait of Hormuz[/url]which carries a third of world trade

    Oil prices were also supported by the dollar's decline after investors abandoned expectations of an interest rate hike in the United States and as concerns about a global recession faded. A falling dollar makes oil less expensive for importers in other currencies.
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