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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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    Oil prices fall amid doubts installed output

    Rocky
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    • Post n°1

    Oil prices fall amid doubts installed output Empty Oil prices fall amid doubts installed output

    Post by Rocky Tue 05 Apr 2016, 2:29 am

    [ltr]Oil prices fall amid doubts installed output[/ltr]

     Since 04.05.2016 at 08:37 (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 more than two percent to touch Brent lowest level in a month with investors doubted that the producing countries prove production levels to contain the global supply glut.[/ltr]
    [ltr]And derived Futures US crude only a brief in support of the stops pipeline carrying oil to the US storage center. Traders feared instead of reaching US crude stocks record highs for the eighth straight week.[/ltr]
    [ltr]And oil prices remain high, about 40 percent of the lowest level in nearly 12 years recorded by mid-February, but the rally lost momentum due to growing doubts in the installation of the proposed production.[/ltr]
    [ltr]And determine the settlement of the Brent price down 98 cents, equivalent to 2.5 percent at $ 37.69 a barrel. The crude low 11 percent since the peak in 2016 of $ 42.54 and registered on 18 March.[/ltr]
    [ltr]He concluded the session US crude down $ 1.09, or about three percent to $ 35.70 a barrel, after a brief rebound on news of the pipe to stop the Keystone line that feeds a network of pumping oil to a storage center in Cushing, Oklahoma.[/ltr]

    [ltr]US crude was down 15 percent from a peak of $ 41.90 in 2016 and registered on 22 March. Ended 29/4 e[/ltr]




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    Rocky
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    • Post n°2

    Oil prices fall amid doubts installed output Empty Oil prices continue to decline in Asia

    Post by Rocky Tue 05 Apr 2016, 3:14 am

    Oil prices continue to decline in Asia




    5/4/2016 0:00 

    [rtl] Morning - Agencies
    Oil prices continued their decline in Asian trading on Monday, influenced by Saudi statements cast doubt on the possibility of freezing its production of black gold in consultation with the producing countries Alakhary.o price per barrel of light sweet crude May delivery record a decrease of 43 cents to $ 36.36 in electronic trade in Asia.
    The price per barrel of Brent oil European benchmark North Sea delivered May, fell 34 cents to $ 38.33. 
    This is a decline lowest level has been recorded in two weeks and in spite of the dollar was lower against major currencies, which would have supported the oil rise raw. 
    for his part , Michael McCarthy , an analyst at CMC Group Markets said in Sydney, told AFP: that this decline «no stranger» because of the statements of Saudi Arabia, and added that oil prices recorded an improvement in the last period to build on the hopes raised by the Doha meeting « but it does not seem to reach an agreement likely ». 
    he continued: the possibility that reduce« OPEC »very little production , especially with Iran return to the international market after the lifting associated with its nuclear program sanctions. 
    the price of light sweet crude lost US $ 1.55 in the exchange market in New York which closed at $ 36.79. The price for Brent of $ 1.66 fell and closed at $ 38.67 in London. 
    The agency reported «Reuters» in a report published on Monday , CEO of Abu Dhabi National Oil «ADNOC» Sultan al - Jaber told as he said , he expects a gradual increase in the prices oil in the medium term with the beginning of the return of balance between supply and demand in the market during 2016 and 2017. 
    in an interview published in newspapers the National Union in addition to the Emirates news agency gave Al Jaber , who also serves as Minister of State light on what he called a recovery in prices in recent times. 
    he said: despite the possibility of continued price volatility in the near term is likely to get a gradual improvement in prices over the medium term. 
    He added , in general and in case of continuation of the current data , it is expected that the markets begin to return to a state of balance to fill the gap between supply and demand during 2016 and 2017. 
    this Al Jaber 's comments come ahead of the meeting , which is scheduled to take place later this month between the oil producers of the members of the Organization of Petroleum exporting countries «OPEC» State and senior producers from outside to discuss an agreement to install a production at the levels of January in order to support global oil markets. 
    in a related development agency quoted «Mehr» semi - official Iranian oil Minister Begin Zanganeh as saying that his country will continue to increase oil production and exports until you reach the status it enjoyed in the market before the imposition of sanctions. 
    it seemed that Zanganeh 's remarks this represents a further threat to the prospects to reach an influential agreement during the meeting. 
    However , the Mehr news agency also quoted Zanganeh as saying that the agreement on the installation of production is a positive step. 
    and on the possibility of attending the Doha meeting said Zanganeh: that he would attend the meeting certainly «If he has time» , according to Mehr. 
    the estimated secondary sources of «OPEC» size of Iran 's production is currently estimated at 2.93 million barrels per day. Tehran is seeking to regain its market share, particularly in Europe , where sanctions have led to a decline in exports from the peak level , which only amounted to 2.5 million barrels per day by 2011 to one million barrels per day in recent years. 
    Brent crude benchmark more than 40 percent to near $ 40 a barrel since it reached itslowest level in more than 12 years in January.[/rtl]

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    Rocky
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    • Post n°3

    Oil prices fall amid doubts installed output Empty Falling oil prices with little prospect of installing production

    Post by Rocky Tue 05 Apr 2016, 4:33 am

    [rtl]

    Falling oil prices with little prospect of installing production

    [/rtl]
    [rtl]History of edits:: 04/05/2016 12:26 • 7 visits readable[/rtl]
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    [rtl]
    {Baghdad} Euphrates News Oil prices fell in trading global markets beginning of the new week.
    And determine the settlement price for Brent on Monday evening to drop 98 cents, equivalent to 2.5% at $ 37.69 a barrel. He concluded Crude session down $ 1.09 ,or about 3% to $ 35.70 a barrel. 
    Experts say that the reason for this decline is due to the dwindling chances ofreaching the top producers an agreement on the reduction of oversupply. 
    , He said Iranian Oil Minister Bijan Zanganeh said Tehran will continue to increase production and exports of oil to regain its position in the market it enjoyed before theimposition of sanctions. 
    it was Saudi Arabia , which led the proposal in principle, in February, to reduce the production said for its part that it would not participate in any efforts to install theproduction, as Iran did not participate , while Russia recorded the highest the level of oil production in 30 years. 
    and threw it cast doubt on the ability of large exporters in the world to reach anyone when they meet this month in Doha to discuss the best ways to balance supply and demand Almyin.anthy agreement


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    Rocky
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    • Post n°4

    Oil prices fall amid doubts installed output Empty Oil prices fall to $ 37 a barrel on oversupply of gasoline

    Post by Rocky Tue 05 Apr 2016, 6:15 am

    [ltr]
    Oil prices fall to $ 37 a barrel on oversupply of gasoline

    April 5, 2016


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    Pumpjack in a field, Texas on January 20, 2016. Photo credit: i Driver - Reuters
    [ltr]
    Our economy / Agencies
    Oil prices fell for the third straight session on Tuesday as demand for gasoline and persistent doubts about the possibility of decline in crude oil producers reached an agreement to reduce the oversupply.
    The growth of gasoline consumption of the strongest pillars that boosted demand for fuel products in North America, Asia and limited the downward trend of crude, which has fallen about 70 percent since mid-2014 due to oversupply.
    The decline on Tuesday after data showed a decline in gasoline demand in the United States for the first time in 14 months, while demand for US oil, was down one percent in the same month compared to a year ago.
    The earliest recorded contracts maturing month for West Texas Intermediate crude to $ 35.51 a barrel at 0652 GMT, down 19 cents from the last adjustment and Brent crude down nine cents to $ 37.60 a barrel


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    wciappetta
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    • Post n°5

    Oil prices fall amid doubts installed output Empty Re: Oil prices fall amid doubts installed output

    Post by wciappetta Tue 05 Apr 2016, 6:28 am

    If this continues, budgets will have to be revisited....


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    Oil prices fall amid doubts installed output Empty Re: Oil prices fall amid doubts installed output

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