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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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    "Sumo" reveal the reasons for the drop in oil prices over the past few days

    Rocky
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    "Sumo" reveal the reasons for the drop in oil prices over the past few days Empty "Sumo" reveal the reasons for the drop in oil prices over the past few days

    Post by Rocky Sat 16 Jul 2016, 2:51 am

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    "Sumo" reveal the reasons for the drop in oil prices over the past few days


     Baghdad / Acer Jabbar 

    The Iraqi Oil Marketing Company (SOMO), on Friday, about the reasons for the drop in oil prices in the global markets during the past few days, and pointed out that one of thereasons is to Britain out of the European Union, while the expected continued decline in the coming period. 
    The general director of the company Iraq 's State oil Marketing Organisation (SOMO) Falah al - Amiri said in an interview to the (long - Presse), " the global markets recorded two days before a drop in oil prices, which believe that the causes lie in increasing the stock of American oil, to stop the decline in US drilling of shale oil towers , " noting that " the continuing negative impact on the financial markets for the possibility of Britain out of the EU oil market was one of the reasons behind the drop in oil prices. " 
    he added Ameri, that" the stability of oil markets and the balance of supply and demand at current prices due to the stability of demand growth and the oil supply approached the stability result indicators the beginning of the US shale oil production growth , which took the role of OPEC after abandoning its role of product support for the price and focus on increasing its market share. " 
    He predicted Ameri, that" the price level will continue in this direction and change, "but he also said , " except in the case of factors beyond market fundamentals Kaladtrapat political, military or environmental disasters and to change OPEC 's current policy other emergency factors. " The Iraqi Oil Ministry announced on Friday (1 July 2016), for the export of more than 95 million barrels of oil during the month of June of the central and southern fields, and pointed to the rising fiscal revenue compared to the May month, while the source confirmed in the SoC low crude oil exports from southern ports in the same month rate, reasons attributed to high demand and domestic consumption rate. 
    the Hellenic Chbang News Corporation global competent affairs shipping oil exports in the world revealed, on Monday (13 June 2016), that Iraq is the most factor impact on the OPEC 's production ceiling rates, while confirming that the high export rate will double the cartel 's production for "34 million barrels per day," suggested that Iraq 's production rates up year - end 2020 to a "one - sixth of the production rates of theorganization." 
    The world oil prices had fallen more than seventy percent in 2014 compared to last summer, none of themore than one hundred dollars to less than $ 40 per barrel, resulting in damage to the economies of countries that rely on "black gold" as the sole source of income, including Iraq.
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