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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 is torn between escalating tensions and concerns about the Chinese economy

    Rocky
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    • Post n°1

    Oil is torn between escalating tensions and concerns about the Chinese economy Empty Oil is torn between escalating tensions and concerns about the Chinese economy

    Post by Rocky Mon 29 Jan 2024, 10:47 am

    Oil is torn between escalating tensions and concerns about the Chinese economy

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    An oil tanker off the coast of Singapore. "Reuters"



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    Economy News - follow-up
    Oil prices rose during trading on Monday, after a drone attack on American forces in Jordan and the escalation of Houthi attacks on ships in the Red Sea stoked fears related to supply disruptions.
    Brent crude futures rose 21 cents to $83.67 a barrel by 1117 GMT, and US West Texas Intermediate crude futures rose 21 cents to $78.22.
    The risks of the conflict expanding in the Middle East increased after armed factions launched a drone attack yesterday, Sunday, on American forces in Jordan.
    Trafigura Primary Commodities Trading Company said that it is evaluating the security risks that may result from the continued passage of ships in the Red Sea after extinguishing a fire that broke out on board a tanker that was attacked by the Yemeni Houthi movement.
    “Supply disruptions were limited, but that changed on Friday after an oil tanker operating for Trafigura was hit by a missile off the coast of Yemen,” ANZ analysts said in a note.
    On Monday, a court in Hong Kong ruled to liquidate the giant China Evergrande Real Estate Group, an indication of the worsening crisis in the real estate sector in China, which was reflected in the sentiment of demand for crude in the world's largest oil importer.
    Russia is likely to reduce its exports of naphtha, an intermediate material used in the petrochemical industry, to between 127,500 and 136,000 barrels per day, or about a third of total exports, after operations were disrupted at refineries on the Baltic and Black Seas as a result of fires, according to traders and ship tracking data from the group London stock exchanges.
    The attacks on Russian oil facilities were renewed on Monday, as the Russian authorities announced that air defenses thwarted a drone attack on the Slavneft-Janus refinery in the city of Yaroslavl, northeast of Moscow.


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