Thursday , February 25 2021

Oal jumps for 20 of OPEC meetings, but the warning about brand – Al-Manar TV – Lebanon



Oil prices were on Wednesday for a meeting of # Organization of & nbsp; The Petroleum Exports Countries (OPEC) next week, members will be expected to decide a certain amount of cut production to get a damaging branch.

Brentroede rows 44 cents, or 0.7 percent, up to $ 60.65 a barrel by 0148 GMT.

West Texas Intermediate rude stood at $ 51.88 in barrel after 32 ups, or 0.6 percent.

Despite an increase in Wednesday's oil prices since early October, more than 30 percent under pressure from surveillance and weak financial markets on a large scale.

However, the fall of prices since October is equivalent to a decline in 2008, but lower than in 2015/2014.

OPEC may be on December 6 in Vienna to discuss the production policy with some foreign producers, including Russia.

Saudi Arabia increased production on a record low in November, a source said on Monday, pumps 11.1-11.3 million bpd.

But the Kingdom aims at producing a massage and discussed a proposal to cut OPEC and its allies to 1.4 million bpd, sources close to Reuters's polls this month.

The OPEC meeting follows a summit of G-20 leaders in Buenos Aires on November 30 and December 1 in the top of his agenda is the trade between Washington and Beijing, such as oil policy.

Although most analysts expect an OPEC meeting to bring about a period of time, sittings in oil prices remain negatively.

"Traders are still on their options for cuts to a 30 percent WTI," said Eric Norland, CEO of CME in a research note.

The global marks have ensured that the slam in world trade as a result of # Trade of US-China trade, including the set up of debt and the strength of # 39; the dollar press on the emerging markets.

"Hannelsgroei will continue until the fourth quarter of 2018," said the World Trade Organization in the last president published on Tuesday, the slowest growth rate since October 2016.

Source: Reuters


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