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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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    A sudden rise in oil prices after OPEC's voluntary reduction in production

    Rocky
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    • Post n°1

    A sudden rise in oil prices after OPEC's voluntary reduction in production Empty A sudden rise in oil prices after OPEC's voluntary reduction in production

    Post by Rocky Wed 26 Apr 2023, 4:00 am

    [size=35][size=35]A sudden rise in oil prices after OPEC's voluntary reduction in production[/size]
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    2023-04-26 | 04:00


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    The oil markets were surprised by the recent announcement by the "OPEC Plus" producers' alliance of a voluntary cut in oil production from the beginning of next May, while experts predicted an inevitable confrontation between OPEC and Washington within days.


    Crude oil prices witnessed a rise in the global markets, with [You must be registered and logged in to see this link.] countries announcing voluntary cuts of more than one million and six hundred thousand barrels per day, starting next May, in addition to the previous cuts of two million barrels per day, amid experts’ expectations of a real confrontation between [You must be registered and logged in to see this link.] and the [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 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/ar/]United States[/url] within days.
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    Economists pointed out that the total reductions in [You must be registered and logged in to see this link.] Plus production during recent months amounted to about three million seven hundred thousand barrels per day, which means that [You must be registered and logged in to see this link.] bears the burden of adjusting prices in the global oil market and maintaining oil prices above the level of eighty dollars a barrel in light of the inflationary stagnation crisis that The world is currently suffering from.
    This policy, according to specialists in the oil issue, does not leave a negative impact on [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/]Saudi Arabia[/url] and the [You must be registered and logged in to see this link.], which are currently buying Russian oil products and preserving their export capacity of crude oil. However, this policy led to [You must be registered and logged in to see this link.] losing part of the Indian market, as Iraqi oil exports to [You must be registered and logged in to see this link.] decreased from More than one million barrels to about eight hundred and thirty thousand barrels per day, while [You must be registered and logged in to see this link.] has doubled its exports to [You must be registered and logged in to see this link.] by more than twenty-two times, displacing [You must be registered and logged in to see this link.] from the top spot.[/size]
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