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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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    Falling oil prices with little possibility of reducing production

    Rocky
    Rocky
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    Posts : 272029
    Join date : 2012-12-21

    Falling oil prices with little possibility of reducing production Empty Falling oil prices with little possibility of reducing production

    Post by Rocky Mon 01 Feb 2016, 3:48 am

    [ltr]Falling oil prices with little possibility of reducing production[/ltr]

     Since 01.02.2016 at 08:46 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Follow-up - the balance of News[/ltr]
    [ltr]Oil prices fell in the early hours of the morning on Monday, after China and South Korea recorded a surprisingly weak economic data and due to fears that the possibility of the leading exporters of crude oil to cut the coordinator of production is difficult to achieve, it seems.[/ltr]
    [ltr]The price of Brent crude to the nearest month to $ 35.54 a barrel by maturity time 0157 GMT, down 45 cents or 1.25 percent from the last price at closing.[/ltr]
    [ltr]The price of West Texas Intermediate crude 35 cents to $ 33.27 a barrel.[/ltr]
    [ltr]Shrank activity in the manufacturing sector in China at the fastest pace in almost three and a half years in January, lagging market expectations.[/ltr]
    [ltr]And record the official purchasing managers index was 49.4 in January versus 49.7 in the last month and less than fifty-point limit that separates growth from contraction on a monthly basis. It was the weakest reading for the index since August 2012. Analysts surveyed by Reuters had were expecting record 49.6.[/ltr]
    [ltr]In South Korea, exports recorded an annual decline of 18.5 percent to $ 36.7 billion, down from the levels last recorded at the height of the global financial crisis in 2009.[/ltr]
    [ltr]The data from China and South Korea the latest indicators for the acceleration of the slowdown in the largest economies of Asia.[/ltr]
    [ltr]At the same time, the prospects for a major oil exporters such as OPEC and Russia, the process of reducing production coordinator difficult to achieve due to disagreements among these producers appeared.[/ltr]
    [ltr]Iran is also a member of OPEC, which allowed it in the past month to return fully to the market after the sanctions lasted years, it is ready to participate in any cuts. It ended 29/4 e[/ltr]


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