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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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    The high price of Brent crude to $ 45 a barrel

    Rocky
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    The high price of Brent crude to $ 45 a barrel Empty The high price of Brent crude to $ 45 a barrel

    Post by Rocky Thu 21 Apr 2016, 5:38 am

    [ltr]The high price of Brent crude to $ 45 a barrel[/ltr]

     Since 04.21.2016 at 08:25 (Baghdad time)
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    [ltr]Follow-up - the balance of News[/ltr]
    [ltr]Global oil prices continued to grow, and the price of Brent crude rose above $ 45 a barrel for the first time since December 1 / December, according to market data.[/ltr]
    [ltr]Futures prices for Brent North Sea rose for the month of June to 2.88 percent - to $ 45.30 a barrel, while futures prices for crude West Texas Intermediate rose by 2.88 percent - to $ 43.66 a barrel.[/ltr]
    [ltr]According to the US Department of Energy for the week ending April 15 / April, rose Commercial oil inventories in the country size (excluding strategic reserves) increased by 2.1 million barrels, or 0.4 percent - up to 538.6 million barrels, where analysts were expecting an increase of 2.4 million barrels - to 538.9 million barrels.[/ltr]
    [ltr]The report said that the volume of oil production in the United States, declined during the reporting period by 0.27 percent, or by 24 thousand barrels a day - to 8.953 million barrels per day, where oil reserves fell station Cushing's largest plant for the delivery of oil in the country by 0.3 Malawians barrel - to 64.3 million barrels.[/ltr]
    [ltr]Gasoline inventories in the United States also fell by 0.1 million barrels - to 239.7 million barrels, where the experts expected a decline of this index increased by 1.217 million barrels.[/ltr]
    [ltr]And distillate reserves fell by 3.6 million barrels, or 2.2 percent - to 159 million barrels. Where analysts forecast that this figure will rise to 0.304 million barrels.[/ltr]
    [ltr]It is worth mentioning that his high oil prices are also linked to the announcement and the Russian energy minister, Alexander Novak, earlier today, that the world oil prices, reached a "bottom" in the January / January, and that the amount of supply moved into balance with demand quantity, within the market the world 's oil, during the period, or within 18 months maximum. ended 29/4 e[/ltr]


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    The high price of Brent crude to $ 45 a barrel Empty Low oil prices and the crisis of «OPEC»

    Post by Rocky Thu 21 Apr 2016, 6:36 am

    Low oil prices and the crisis of «OPEC»



    4/21/2016 0:00 

    [rtl] Morning / Agencies
    Organization of Petroleum Exporting Countries failed (OPEC) to reach an agreement in Doha has put the credibility of this organization is at stake, leaving a world replete with a large surplus of the fuel supply is Almtalobh.oogay blamed political tensions between many countries in the meeting failed to reach an agreement, which renewed fears of the expansion of the top producers for the battle against market share by offering deeper cuts in prices.
    After they arrived in February to the lowest level in 13 years, prices recorded animprovement with investors waiting for the outcome of the meeting of 18 producing countries in the Organization of Petroleum Exporting Countries «OPEC» and fromabroad. 
    But what happened during the Doha meeting overthrew those expectations. After consultations lasted six hours, and Qatar 's energy minister, Mohammed bin Saleh announced gentlemen, that the countries concerned need to be «more time» but did not announce a date for a new meeting. 
    Analysts said in the «Commerzbank» that the capacitive cross - claim Iran 'sparticipation in the agreement is rejected the latter are «blown agreement deliberately» stating that this «draw a big blow to the credibility of the oil producers in general and» OPEC »especially». 
    , said an analyst at «AIG Markets»: the «group hopes placed in the Doha meeting was abig». He added that «prices of raw materials will drop and this will affect the stock market, especially in the energy sector». 
    Said E. Morse, an analyst at «Citigroup»: The «group weekend negotiations prove that the Saudi government has also said the Crown , Crown Prince of the Kingdom, do not want to lose its stake in markets ». 
    He said« it fears that the market continues to go to a long decline. In this kind of market, if it has a loss of market shares , it is very difficult to restore them ». 
    Peter Lee, oil analyst at« BMI Research »subsidiaries and told« Fitch »credit rating:« credibility «OPEC» in production amounted to coordinate rock bottom now .. It 's not about the oil - for Saudis only It is more on regional policies. » 
    , said bank« Morgan Stanley »: the failure to reach an agreement« highlights the vulnerable situation in «OPEC» relations », adding that « we expect now is a growing risk of increased supplies of «OPEC» », especially at a time when threatening Saudi Arabia that it may increase production after failing to reach an agreement. 
    oil prices fell more than 70 percent since mid - 2014, where producers are pumping between one million and two million barrels of crude per day above the level demand, causing full storage tanks around the world , most recently with crude unsold. 
    Download Saudi Arabia responsible for the failure 
    and was expected to complement the Doha meeting yesterday signed an agreement to install a production at January levels until October / October of this year, in an attempt to reduce the glut supply. 
    but the deal failed after Saudi Arabia asked for the signing of Iran , which was not represented at the meeting. 
    fell futures ore International benchmark Brent crude about seven percent in early trading yesterday before recovering to $ 40.97 a barrel at 0647 GMT , but what still low 2.15 percent from the last settlement price. 
    fell futures for US crude more than five percent to $ 38.31 a barrel. 
    he said the bank «Goldman Sachs» US investment: «the failure to reach agreement in Doha may be a factor downward» prices US oil expected to at $ 35 a barrel on average in the current quarter. 
    but the bank kept its forecast for the fourth quarter of this year, at $ 45 for a barrel ofWest Texas intermediate crude , a US measurement ore, at an average $ 58 a barrel in 2017, saying: «low oil prices short - term market should lead to a better balance ». 
    he said he still expects higher production of « OPEC »to 33 million barrels per day by 2017 , compared to 32.6 million barrels per day at present.[/rtl]


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    Rocky
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    The high price of Brent crude to $ 45 a barrel Empty Oil climbs 4% due to a small increase in US inventories and talk of another meeting for producers

    Post by Rocky Thu 21 Apr 2016, 6:37 am

    Oil climbs 4% due to a small increase in US inventories and talk of another meeting for producers
    [size=32]
    03:27:08 21/04/2016 |(Voice of Iraq Reuters) - Oil prices jumped 4 percent on Wednesday after a smaller increase than expected in US crude inventories overshadowed worries about aglut of supplies raised by the end of the strike action sector oil in Kuwait andwith talk that theoil producers key may meet again to try toreduce production. but Moscow denied media reports that Russia plans to host such a meeting. On Sunday , Russia and OPEC countries failed to reach an agreement to freeze production at ameeting in theQatari capital Doha. Quoted byRIA news agency and Russian Energy Minister Alexander Novak as saying "there is no such agreement , " referring to reports of ameeting of the producers in Russia. In earlier Russia said it was ready to increase oil output after producers failed to reach an agreement to freeze production.stepped International benchmark Brent crude for the nearest decades to $ 1.77 entitlement or the equivalent of 4 percent to arecord at thesettlement of $ 45.80 a barrel after it was dropped at thelowest level in session to $ 42.81. closed US crude contract high of $ 1.55 or 3.8 percent to $ 42.63 a barrel ,compared with the lowest level in the $ 39.85 session. the recovered oil prices after the US energy Information administration said that commercial crude stocks in the United States rose 2.1 million barrels last week , while it was forecast to anincrease of 2.4 million barrels and after data from theAmerican Petroleum Institute showed a rise of 3.1 million barrels.jumped oil prices of heating in the New York market about 5 percent to theirhighest level in four and a half months after theenergy that showed Information administration data an unexpected decline in distillate stocks.(preparation and serious Alfi Arab bulletin)[You must be registered and logged in to see this link.]
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    The high price of Brent crude to $ 45 a barrel Empty Crude oil prices jump to $ 46 per barrel

    Post by Rocky Thu 21 Apr 2016, 7:42 am

    [rtl]

    Crude oil prices jump to $ 46 per barrel

    [/rtl]
    [rtl]History of edits:: 04.21.2016 12:18 • 169 visits readable[/rtl]
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    [rtl]
    {Baghdad: Euphrates News} Crude oil prices rose on Thursday to $ 46 per barrel after the International Energy Agency said that the current year will see the largest decline in oil production outside OPEC in 25 years, helping to restore balance to the market, which has long suffered due to surplus supplies.

    Fatih Birol , head of the International Energy Agency said today that " the decline inoil prices reduced investment by about 40 percent over the past two years and were declines sharply in the United States, Canada, Latin America and Russia." He told reporters in Tokyo : "We expect this year , the biggest drop in oil supply outside OPEC 25 years ago , which is about 700 thousand barrels per day, while global demand growth goes pace frantic , led by India, China and other emerging countries. " after landing to the lowest level during the session to $ 45.23 a barrel on Thursday stepped up the global London Brent crude futures to $ 46 a barrel at 0650 GMT , up 20 cents from the previous close. US crude fell futures to $ 43.62 a barrel before rising to $ 44.37 a barrel , up 19 cents from last close. and threw previous statements from Russia and Iran shadow on markets where energy minister said Russian said his country could increase oil production to record levels in excess of12 million barrels per day , days of trying to reach an international agreement to install production levels and threatening Saudi Arabia flooding the market with more crude oil failed yet. at the same time , Iran announced its intention to regain market share after the lifting of sanctions They were imposed in January , confirming its intention to increase production to four million barrels Aumia.anthy 


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