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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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    Oil is declining for a sixth day in a row and the largest Russian company to begin production from a

    Rocky
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    Oil is declining for a sixth day in a row and the largest Russian company to begin production from a Empty Oil is declining for a sixth day in a row and the largest Russian company to begin production from a

    Post by Rocky Sat 05 Nov 2016, 2:23 am

    Oil is declining for a sixth day in a row and the largest Russian company to begin production from a 519376
    Oil is declining for a sixth day in a row and the largest Russian company to begin production from a field in eastern Siberia


     Reuters / New York-Moscow-Oslo 

    Trending oil prices towards the decline for thesixth consecutive session, on Friday, under the weight of rising US crude stocks weak, uncertainties and demand on producers theability to cut supplies format. 
    At 0740 GMT , futures for Brent recorded US $ 46.21 Low barrel 14 cents from the previous close, and landed US crude West Texas intermediate nine cents to $ 44.57. 
    in this oil falls for the longest period since June and accepted since January with a decline in Brent about 14 percent since the peak recorded in mid - October. 
    the BMI research "weak Astmraraltalb and supply the strong will become the engine of most of the prices with the start of the erosion of the influence of verbal interventions to OPEC and the changing outlook for thecoordinated cuts. " 
    she added , " We expect a range between 43 and 53 dollars a barrel , with the entry of the new year and we maintain our forecast for the average price at $ 55 a barrel and $ 53.5 a barrel for Brent and West Texas intermediate respectively in 2017. " 
    for her part, Rosneft , Russia 's largest oil producer, it gradually begins production of Aoroptcno-Tukhumsqui oil field in eastern Siberia and that it had begun shipping crude to the pipeline. This coincides with thedifficulties faced by oil producers around the world to reach an agreement to rein in production to support prices. She said that Rosneft President Igor Sechin skeptical of OPEC 's ability to bring stability to the prices it had begun shipping oil pipe line connected to the pipeline Eastern Siberia-Pacific main which is mainly used in pumping supplies to China. The company said it plans to launch new facilities in Aoroptcno-Tukhumsqui production on an industrial scale in 2017. China 's Sinopec and show interest in buying a stake in the field , as reported by the Russian media. Says Rosneft The production Aoroptcno-Tukhumsqui will peak at a level of up to five million tonnes per year (100 thousand barrels per day) in 2019. 
    Russian President Vladimir Putin , who pledged to participate in the global agreement to place restrictions on oil production has given the green light last week to begin production of the new field in the Caspian Sea ,owned by Lukoil , the second largest oil producer in Russia. 
    as Statoil said, it would invest with major oil companies including Saudi Aramco and Shell billion dollars over the next ten years to develop low - emission technologies and accelerate the use of trade.
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