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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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    Oil prices are falling again

    Rocky
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    • Post n°1

    Oil prices are falling again Empty Oil prices are falling again

    Post by Rocky Wed 29 Jun 2022, 4:25 am

    [size=35][size=35]Oil prices are falling again[/size]
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    [/size]

    Economie

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    2022-06-29 | 02:10
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    Oil prices fell, today, Wednesday, after rising in the previous three sessions, but losses were limited due to the view that global supply scarcity will continue as there is limited scope for major producers such as Saudi Arabia to boost production.


    US West Texas Intermediate crude futures fell 51 cents, or 0.46%, to $111.25 a barrel at 04:37 GMT, giving up earlier gains.

    Brent crude futures for August fell 79 cents, or 0.67%, to $117.19 a barrel, also reversing earlier gains.






    Both Brent and West Texas Intermediate rose more than 2% on Tuesday as concerns about tight global supply outweighed fears that demand could slow in a future recession. An agreement by the Group of Seven economic nations to explore ways to reduce the price of Russian oil also boosted market sentiment.

    . is seen[url=https://www.alsumaria.tv/Entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Kingdom Saudi Arabia[/url]The United Arab Emirates as the only two members of the Organization of the Petroleum Exporting Countries (OPEC) have spare capacity to make up for lost Russian supplies and weak production from other member states.
    [rtl]Related Articles[/rtl]

    But the UAE Minister of Energy[url=https://www.alsumaria.tv/Entity/3672492498/%D8%B3%D9%87%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B2%D8%B1%D9%88%D8%B9%D9%8A/ar/]Suhail Al Mazrouei[/url]He said on Monday that the emirate was producing near its maximum capacity for its 3.168 million barrels per day quota under an agreement with OPEC and its allies called the OPEC+ community.

    His comments confirmed those of French President Emmanuel Macron, who told the US President[url=https://www.alsumaria.tv/Entity/693544025/%D8%AC%D9%88 %D8%A8%D8%A7%D9%8A%D8%AF%D9%86/ar/]Joe Biden[/url]On the sidelines of a meeting[url=https://www.alsumaria.tv/Entity/123713/%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9 %D8%A7%D9%84%D8%B3%D8%A8%D8%B9/ar/]group of seven[/url]That the UAE is producing at its maximum capacity and that Saudi Arabia can increase production by only 150,000 barrels per day, less than its spare capacity of about 2 million barrels per day.

    Analysts also warned that political turmoil in Ecuador and[You must be registered and logged in to see this link.]It may increase the scarcity of supplies.

    With that, stock data was provided in[url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url]Some sense of improved fuel supply, gasoline stocks for the week ending June 24 rose by 2.9 million barrels and distillate fuel supplies increased by 2.6 million barrels, according to market sources citing figures[url=https://www.alsumaria.tv/Entity/499029507/%D9%85%D8%B9%D9%87%D8%AF %D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A/ar/]American Petroleum Institute[/url]On Tuesday, however, crude stocks fell by 3.8 million barrels.


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