Oil: We Plan To Produce 8 Million Barrels Per Day Over The Next Two Decades !

[screwball]

Who was Hitler related too? Which bloodline?which family? Who bank rolled Hitler? Which Bush? Why the need for operation paper clip? Why did Kennedy order and investigation into Hitler and his death and supposed exile to South America? 

[DinarThug]

7 hours ago, screwball said:

Who was Hitler related too? Which bloodline?which family? Who bank rolled Hitler? Which Bush? Why the need for operation paper clip? Why did Kennedy order and investigation into Hitler and his death and supposed exile to South America? 

Did U Know That Hitler Was A Vegan ?  

 

But They Don’t Ever Tell U That Whenever U Go Into ‘Whole Foods’ - DO THEY ?  

 

     
 

Edited January 20, 2020 by DinarThug

[DinarThug]

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Oil climbs to highest level in more than a week after production disruption in Libya

 

20th January, 2020

 

Oil prices rose to the highest level in more than a week on Monday after the start of the closure of two large fields in Libya, which makes crude flows in the OPEC member country close to retreating to a small part of its normal level

Brent crude futures rose 70 cents, or 1.11 percent, to $ 65.55 a barrel by 0731 GMT, after reaching $ 66 a barrel earlier, the highest price since January 9. US West Texas Intermediate crude rose 56 cents, or 1 percent, to $ 59.10 a barrel, after rising to $ 59.73, the highest level since January 10

In the latest developments in the long-running conflict in Libya, the National Oil Corporation said on Sunday that two large oil fields in the southwest of the country began to close after forces loyal to the Libyan National Army closed a pipeline

Oil prices have fallen in the past two weeks. After the rise in prices due to the heightened tension between the United States and Iran at the beginning of the year, the two sides took steps to move away from the conflict, thus calming the market atmosphere

A spokesman for the National Oil Corporation said that if exports continued to stop, filling the storage tanks would take a few days and production would be limited to 72,000 barrels per day. Libya has been producing about 1.2 million barrels per day recently

"West Texas Intermediate crude will remain hovering in the range of $ 60 a barrel, with the market focusing on the US supply and demand for oil and petroleum products as well as geopolitical risks in the Middle East," Takashi Tsukioka, president of the Japan Petroleum Association, told a news conference on Monday

[DinarThug]

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Barclays expects oil prices to be affected by two dollars a barrel due to Corona

 

28th January, 2020

 

Barclays Bank said on Tuesday that oil prices will be affected by two dollars a barrel due to the potential economic impact of the outbreak of the Corona virus in China

China confirmed more than 100 deaths and more than 4,000 infected with the virus, prompting authorities to step up preventive measures, impose travel restrictions and extend the Lunar New Year holiday to limit the spread of the virus

The bank expects Brent and West Texas Intermediate crude prices to fall by two dollars throughout the entire year to 62 and 57 dollars a barrel, respectively

Oil prices have declined over the past six sessions, but the bank says the market's reaction may be overrated

Brent is currently trading near $ 59 a barrel and US crude near $ 53 a barrel

[DinarThug]

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Oil prices have stabilized after falling due to the Corona virus

 

28th January, 2020

 

Oil futures settled, on Tuesday, after declines over the past five days due to fears that demand for crude will be negatively affected after the outbreak of the new Corona virus in China, while some analysts indicate that the decline may be over

By 0540 GMT, Brent global benchmark crude fell four cents to $ 59.28 a barrel. On Monday, it reached its lowest level in three months at $ 58.50 after the outbreak of the virus led to global sales of high-risk assets

And US West Texas Intermediate crude rose four cents to $ 53.18, after spending most of the session on Tuesday, after falling to its lowest levels since early October in the previous session at $ 52.13

Barclays Bank expected the Brent and West Texas Intermediate prices expected to drop by two dollars over the entire year 2020 to 62 and 57 dollars per barrel, respectively

The Organization of Petroleum Exporting Countries (OPEC) has sought to reduce the impact of the virus outbreak, and Saudi Arabia said on Monday that OPEC can respond to any changes in demand

OPEC and producers, including Russia, the group known as OPEC +, are cutting oil supplies to support crude prices for nearly three years, and recently agreed to cut production by an additional 500,000 bpd to 1.7 million bpd until March

[DinarThug]

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Saudi Aramco joins FACT oil platform for Blockchain

 

28th January, 2020

 

FACT platform said on Tuesday that Saudi Aramco Energy Projects has bought new shares worth five million dollars in the FACT trading platform based on blockchain technology

The fact that the Saudi Aramco Petroleum Products Trading Company (Aramco Trading), a subsidiary of Saudi Aramco, will use the platform

The platform is specialized in handling after sales transactions and focuses since the beginning of its work in late 2018 on the main degrees of crude oil for the North Sea, which are used to determine the benchmark benchmark Brent

Among the founders of this platform are international oil companies such as BP, Equinor, Shell, and independent trading companies Janfor, Coach Supply & Trading, Mercury and banks such as ABN AMRO, ING and Societe Generale

 

Edited January 28, 2020 by DinarThug

[DinarThug]

2 hours ago, Butifldrm said:

Oil announces final statistics on oil exports for the past month

  

 energy

Economy News _ Baghdad

The Ministry of Oil announced, on Tuesday, the final statistic for oil exports for the month of last December, indicating that the revenues generated from them amounted to more than 6 billion dollars.

Ministry spokesman Assem Jihad said in a statement, "Economy News" received a copy of it, "The total quantities of crude oil exported for last December, according to the final statistic issued by the Iraqi Oil Marketing Company SOMO, as the amount of exports of crude oil reached 106 million and 265 thousand And 346 barrels, with revenues of 6 billion and 697 million and 622 thousand dollars. "

Jihad added, "The total quantities exported of crude oil for the month of December last from the oil fields in central and southern Iraq amounted to 103 million and 90 thousand and 550 barrels, with revenues amounting to 6 billion and 499 million and 447 thousand dollars, while the quantities exported from Kirkuk oil through a port Jihan 2 million, 817 thousand and 59 barrels, with revenues of 180 million and 431 thousand and 210 dollars.
 
He continued, "The quantities exported to Jordan are 347 thousand and 746 barrels, with revenues amounting to 17 million and 743 thousand and 775 dollars," noting that "the average price per barrel amounted to 63.027 dollars."

He pointed out that "the quantities exported were loaded by 37 international companies of various nationalities, from the ports of Basra, Khor Al-Amaya, and unilateral buoys on the Gulf and the Turkish port of Ceyhan."

Iraq exports most of its crude oil through the Basra port, and in smaller quantities through the Turkish Ceyhan, and by truck, to Jordan.

Number of views 4   Date added 28/01/2020

http://economy-news.net/content.php?id=18899

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Oil announces final statistics on exports and revenues last month

 

 

 

1/28/2020 1:16 PM

 

 

 

The Ministry of Oil announced the total oil exports and revenues accrued for the month of December / 2019, according to the final statistic issued by the Iraqi Oil Marketing Company (SOMO), as the amount of exports of crude oil reached (106) million and (265) One thousand (346) barrels (one hundred and six million two hundred and sixty five thousand three hundred and forty six barrels), with revenues amounting to (6) billion and (697) million and (622) thousand dollars (six billion six hundred and ninety seven million six hundred and twenty two thousand dollars).

 

A spokesman for the Oil Ministry, Asim Jihad, said that the total quantities of exported crude oil for the month of December from the oil fields in central and southern Iraq amounted to (103) million and (90) thousand and (550) barrels, with revenues amounting to (6) billion and (499). Two million and (447) thousand dollars, while the quantities exported from Kirkuk oil through the port of Ceyhan (2) million and (827) thousand and (50) barrels, with revenues amounting to (180) million and (431) thousand and (210) dollars While the quantities exported through Al-Samoud refinery to Jordan were (347) thousand and (746) barrels, with revenues amounting to (17) million and (743) thousand and (778) dollars

Jihad explained that the average price per barrel was (63,027) dollars. He pointed out that the quantities exported were loaded by (37) international companies of various nationalities, from the ports of Basra, Khor Al-Amaya, and unilateral buoys on the Gulf and the Turkish port of Ceyhan

It is mentioned that the Ministry, through its belief in informing the people about the export operations and the revenues accrued from it, took this monthly measure