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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 and diminishing the possibility of reducing production

    Rocky
    Rocky
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    Posts : 272528
    Join date : 2012-12-21

     Falling oil prices and diminishing the possibility of reducing production Empty Falling oil prices and diminishing the possibility of reducing production

    Post by Rocky Mon 01 Feb 2016, 6:43 am

    Falling oil prices and diminishing the possibility of reducing production


    2/1/16

    BAGHDAD / Obelisk: Oil prices fell in the early hours of Monday morning, after China and South Korea recorded a weak abruptly economic data, and because of fears that the possibility of the leading exporters of crude oil to reduce the coordinator of production is difficult to achieve, it seems.

    The total price of Brent crude to the nearest month to $ 35.54 a barrel by maturity time 01:57 GMT, down 45 cents or 1.25 per cent of the last price at closing. And it dropped the price of West Texas Intermediate crude 35 cents to $ 33.27 a barrel.

    Shrank activity in the manufacturing sector in China at the fastest pace in almost three and a half years in January lags behind market expectations.

    And record the official PMI 49.4 in January, compared to 49.7 last month, and less than fifty-point limit that separates growth from contraction on a monthly basis.

    In South Korea, exports recorded an annual decline of 18.5 per cent to $ 36.7 billion, down from the levels recorded last time at the height of the global financial crisis in 2009.

    p You are in the original site, formally and legally registered, not the fake site to Saad Awsi, backed by Iraqi funds stolen by Khamis dagger and family Karabilah.

    The data from China and South Korea the latest indicators for the acceleration of the slowdown in the largest economies of Asia.

    At the same time, the prospects for a major oil exporters, such as Russia and OPEC appeared, the process of reducing production coordinator difficult to investigate, because of differences between these producers.

    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.


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