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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 prices recorded their highest level in six months

rocky
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Oil prices recorded their highest level in six months Empty Oil prices recorded their highest level in six months

Post by rocky Tue 17 May 2016, 5:32 am

Tue, 17 May 2016 09:19:10
Oil prices recorded their highest level in six months


Oil prices recorded their highest level in six months 2.14634767501677099561





Oil prices hit their highest level in the world markets in six months during the last 24 hours.
Determine the settlement price, on Monday evening, futures for Brent at a height of 1.14 dollars, equivalent to 2.4% at $ 48.97 a barrel. The price climbed earlier to $ 49.47, its highest level since early November last year.
US crude West Texas Intermediate rose, yesterday evening, to $ 1.51, or 3.3%, to close at $ 47.72, having hit its highest price in six months at $ 47.85.
On Tuesday morning, Brent climbed to $ 49.22 a barrel, and US crude to $ 47.96.
Experts said that the reason for this rise is due to the decline in production in Nigeria and fears of political instability in Venezuela, which could lead to a lack of supply in the market.
 
However, several other factors contributed to the reduction of the big climb, such as the resumption of oil exports from the Libyan port of high production Member States of the Organization of Petroleum Exporting Countries "OPEC" expectations, and the high value of the dollar


rocky
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Oil prices recorded their highest level in six months Empty Higher Brent crude prices supported by the idleness of the production of Nigeria and falling US crud

Post by rocky Tue 17 May 2016, 5:42 am

[size=37]Higher Brent crude prices supported by the idleness of the production of Nigeria and falling US crude production[/size]


BAGHDAD - The Journal News
Crude oil prices made gains in most of the last two weeks sessions thanks to cases of supply disruption in Nigeria and Venezuela and other US and falling production and declining Canadian crude supplies after the outbreak of fires in the oil sands region of Alberta.
Brent crude rose rates, on Tuesday, to reach approximately US $ 50 per barrel, with an output of Nigeria and Venezuela crashes and falling US shale oil output.
Oil prices rose unexpectedly and that by more than 2 percent to its highest level in November 2015, with the support of the stalled production in Nigeria in particular.
Brent prices rose to $ 49.43 per barrel and an increase of $ 0.43 or 0.88%, while US crude prices rose to $ 48.32.
Showed Administration report released on Monday that it expected the shale production to decline by around 113 thousand barrels per day to 4.85 million barrels per day, with the continued damage to the profitability of drilling companies because of the wave of falling prices that began nearly five Aamin.anthy
http://journaliraq.com/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%AE%D8%A7%D9%85-%D8%A8%D8%B1%D9%86%D8%AA-%D9%85%D8%AF%D8%B9%D9%88%D9%85%D8%A7%D9%8B-%D8%A8%D8%AA%D8%B9%D8%B7%D9%84-%D8%A5%D9%86/
rocky
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Oil prices recorded their highest level in six months Empty A sudden shift .. giants of investment banks in the world: The era of cheap oil

Post by rocky Tue 17 May 2016, 5:48 am

[size=30]A sudden shift .. giants of investment banks in the world: The era of cheap oil[/size]
17/05/2016 12:58 | Number of Views: 73
font size: Oil prices recorded their highest level in six months Font_decrease Oil prices recorded their highest level in six months Font_enlarge
Oil prices recorded their highest level in six months Thumbnail.php?file=us_oil_prices_2_175153194
Direction Press
 
The era of cheap oil, at least that's what he says, "Goldman Sachs", one of the largest investment banks in the world, he told his clients that the oil market is facing a shortfall in supplies this month, after two years of oversupply continued. The bank said it expected higher oil prices, bringing the price of a barrel to $ 50 in the second half of this year.
As US crude oil price rose by 1.8 percent, on Monday, bringing to more than $ 47 a barrel, the highest level in more than six months. And Goldman Sachs analysts said in a note that their research "oil market saturation moved from warehouses to suffer from a deficit in supply much earlier than we expected."
The investment bank added that the supply disruptions as well as increased demand from India, China and Russia, was behind the sudden shift, analysts noted that the "re-balance the actual oil market has finally begun."
It is noteworthy that the bank last year, said that prices could fall to $ 20 a barrel, although oversupply will continue until the end of 2016. Prices have dropped to just over 26 dollars a barrel over last February, the lowest level since 2003, before it starts to appreciate Sharp. But until March / last March, described the "Goldman Sachs" the surge in oil prices as "premature" and "unsustainable".
But all of this has become in the past, as the investment bank giant says that the supply disruptions following events such as the attacks on the gas pipeline in Nigeria line and forest fires in Canada caused a contraction of the global production of two million barrels per day in the past two weeks alone. It is expected, "Goldman Sachs" that the average price of a barrel up to $ 45 during the current quarter of the year (April / April to June), rising to $ 50 in the second half of the year.
Even so, "Goldman Sachs" is anticipated only a gradual decline in world oil glut, as analysts said: "We expect that the return of some of these cuts, as well as height of the Iran-Iraq production would offset the current shortage on pending cases in Nigeria and the expectation of higher demand," adding that prices have fall to $ 45 a barrel at the beginning of next year, before it reaches $ 60 by the end of 2017. jh  


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