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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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    Iraq's oil exports rise and the decline of crude oil prices

    Rocky
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    • Post n°1

    Iraq's oil exports rise and the decline of crude oil prices Empty Iraq's oil exports rise and the decline of crude oil prices

    Post by Rocky Fri Jul 22, 2016 7:20 am

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    2016/07/22 | 11:50

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy

    Since 07/22/2016 11:45 am (Baghdad time)


    Baghdad balances News

    Crude oil prices fell in futures contracts on Friday to continue the big losses suffered in the previous session, with investors re-evaluate the US data highlights the glut in supply as well as the height of Iraq's crude exports.

    And it began glut world oil supply is declining , but the restoration of the balance in the market will take longer than many expected in light of stored huge quantities in the tanks and tankers. By 0605 GMT , the International benchmark Brent crude was down 13 cents or 0.3 percent to $ 46.07 a barrel after closing down 2.1 percent in theprevious session. the heading Brent suffered a weekly loss of more than increase of three percent. the price of WTI US mediator 25 cents , or 0.6 percent , to $ 44.50 a barrel after the previous session , ended down 2.2 percent.contributed to the dollar 's decline in support for oil prices rose earlier in the session. the dollar fell against a basket of currencies on Friday , which makes denominated commodities such as oil less expensive to holders of other currencies. the US energy Information administration said earlier this week that while declining US production ,however , crude stocks of high levels of a historic by reaching to 519.5 million barrels at this time of year. the increased total crude oil stocks and petroleum products in the United States rose 2.62 million barrels to an unprecedented level of 2.08 billion barrels with a sudden rise in gasoline stocks totaled 911 thousand barrels during the season summer in which consumption increases. in the Middle East reported load and source sector data that Iraqi oil exports tend to rise in July, putting the supply of the supply of the second - largest producer in OPEC on the growth path again after falling for two months. the average oil exports from southern Iraq in the first 21 days of July , 3.28 million barrels a day, according to data loading monitored by Reuters and the source of the sector. thisincreases the average June , which stood at 3.18 million barrels Aumia.anthy 29 / d 24

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