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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 rises thanks to the falling dollar and OPEC expect .. "pillars of building the organization agre

    Rocky
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    Oil rises thanks to the falling dollar and OPEC expect .. "pillars of building the organization agre Empty Oil rises thanks to the falling dollar and OPEC expect .. "pillars of building the organization agre

    Post by Rocky Wed 19 Oct 2016, 3:07 am

    Oil rises thanks to the falling dollar and OPEC expect .. "pillars of building the organization agre -1
    Oil rises thanks to the falling dollar and OPEC expect .. "pillars of building the organization agreement" next month is complete


     Reuters / New York-Vienna-Tehran 

     
    Oil prices rose Tuesday, helped by lower US dollar at a time when a number of analysts say that global markets may not be oversupplied, as others point before a scheduled meeting of oil producers in OPEC in November may decide where to reduce oil production.
    And it contributed to a proposal put forward by the Organization of Petroleum Exporting Countries (OPEC) at the end of last month to cut production or install it in the rise in crude prices above $ 50 a barrel, but it did not rise too much about this level due to the skepticism of market participants in the organization 's ability to reach a specific agreement and its implementation. 
    But analysts say currently the global supply glut , which lasted over two years may be in the process of receding with the development of oil inventories in mind. They say that stocks are not as high as usual before the advent of winter , which increases fuel consumption. 
    By 0830 GMT rose International benchmark Brent crude up 43 cents , or about 0.8 percent to $ 51.95 a barrel. And ascended crude West Texas Intermediate US 49 cents or the equivalent of about one percent to $ 50.43 a barrel. Traders said the dollar 's decline from its highest level in seven months in the previous session to support crude prices. And makes the decline in the dollar to buy crude cheaper for countries that use other local currencies. 
    Said analysts at Bernstein Energy because otherwise the production estimate and consumption, there is one way to measure the balance between supply and demand , which is the analysis of the change in fuel stocks. 
    The company said that "global oil inventories (industry and government) increased 17 million barrels to 5.618 billion barrels in the third quarter 2016. this smallest increase since the fourth quarter in 2014 confirms that the building of inventories is slowing down with the return of the market back into balance. " 
    for his part, Secretary General of the Organization of Petroleum exporting countries said (OPEC) Mohammad Barkindo, said that " the organization must be prepared to conclude an agreement on production at its next meeting," adding that it "expects that all corners are building an existing agreement by November 30". 
    he continued Barkindo "We expect that all corners of the building are present at the time of the application." 
    as Norwegian oil minister said supplied Lin, " the global demand for oil is rising and is likely to continue to push prices upwards." 
    Lin said at an energy conference "demand is growing and the supply side in the process of adaptation." 
    Lin ruled out the idea that "the Ministry of petroleum and energy in Norway can influence on crude prices. " 
    he said , " I'm sure single order that the ministry can not do something about the price of oil, I think it will go up, but I 'm sure that we can not do much to influence it. " 
    in the same context, the source familiar said program initial oil tankers in Iran that the country 's exports of crude and condensate in October , approaching the highest level in five years you noted in September, reflecting Tehran 's success in increasing its shipments after being lifting of Western sanctions that were imposed on them. a 
    third pump - largest producer in the Organization of countries Petroleum exporting Countries (OPEC) is about 4.5 million barrels per day of crude oil and condensate and light high - quality oil sector , according to local officials. And it increased Tehran 's total exports to almost double since the lifting of sanctions , which were aimed at its nuclear program in January. 
    According to the initial tanker program is heading Iran 's exports of oil and condensate to reach 2.56 million barrels per day in October , down from 2.6 million barrels per day in September. 
    It is likely that the total oil and condensate exports from Iran to Asia in October , 1.83 million barrels per day ,down from 1.96 million bpd in September but Hmaalmistoy is still more than double the level that was recorded a year ago. 
    is likely to reach payloads flying to India 736 thousand barrels per day this month , a record high , according to data dating back to before at least 15 years and is higher than the level that was recorded in September ,amounting to 641 thousand barrels per day. And will exceed shipments to India this month , the size of their counterparts flying to China amounting to 495 thousand barrels per day, the lowest level you get past it since the beginning of the year. 
    It is expected that South Korea get to 379 thousand barrels per day in October , an increase of 35 percent from the previous month, the highest the level of imports since January 2000 , according to data table and the South Korean imports, and Japan receive 225 thousand barrels per day , down from 231 thousand barrels per day in September.
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