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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


    Vice President of Standard & Poor's expects oil to reach this level!

    Rocky
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    Vice President of Standard & Poor's expects oil to reach this level! Empty Vice President of Standard & Poor's expects oil to reach this level!

    Post by Rocky Wed 21 Dec 2022, 5:46 am

    Vice President of Standard & Poor's expects oil to reach this level!

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    Economy News-Baghdad
    In an interview with CNBC on Tuesday evening, S&P Global Vice President Dan Yergin said that he expects oil prices to rise strongly during the coming period, and explained that there are also some factors that create a lot of uncertainty about the outlook for oil prices. oil.
    Yergin stated that oil prices will receive a lot of support when China fully lifts its epidemic restrictions, indicating that Khan Brent may then rise to the highest level of $ 120 a barrel.
    The Vice President of the International Research and Credit Assessment Agency added that the basic scenario for oil prices during 2023 is the Brent crude price reaching $90 per barrel, but he pointed to several other factors that would change the volume of demand or supply for global oil supplies. 
    Yergin added that if China bypasses its epidemic policies completely, and then contributes to a significant increase in the volume of demand in the oil market, which suffers from limited supply, this may be a single strong push for oil prices towards $ 121 a barrel.
    On the other hand, Yergin indicated that oil prices may drop to about $70 a barrel in the event that the recession scenario for some major economies is realized.
    Yergin warned that there is a lot of uncertainty that still surrounds the oil market as a result of three factors, namely; The upcoming US Federal Reserve decisions, the level of demand in China, and of course Russia's reaction to the oil price ceiling mechanism that the European Union and its allies imposed on Russian oil this month.

    Views 87
    Added 12/21/2022 - 10:02 AM
    Updated 12/21/2022 - 2:02 PM


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