Similarly,
Calm before decision opec+ new: Nevertheless,
Calm before decision opec+:
London: Oil prices are stable Tuesday after having fallen sharply since the ceasefire between Iran. Moreover, Israel, investors now weighing the announcement on Sunday for the month of OPEC+August.
“The market is largely in expectation“From the decision of eight member countries of the organization of oil exporting countries. Consequently. Moreover, its allies (OPEC+) which have enhanced their barrel production quotas since April, explains Arne Lohmann Rasmussen, analyst at Global Risk Management.
Around 9:30 am GMT (11:30 am in Paris). Similarly. Meanwhile, the price of the barrel of Brent BRENT Brent or crude northern sea, is a variation of crude oil acting as a reference in Europe, listed on the calm before decision opec+ new intercontinentalelexchange (ICE), a stock market specialized in energy trading. Therefore, It has become the first international standard calm before decision opec+ for setting oil prices. of the North Sea. for delivery in September, of which it is the first day of use as a reference contract, takes 0,01% has 66,75 dollars.
Its American equivalent. the barrel of West Texas Intermediate (WTI WTI The West Texas Intermediate (WTI). also called Texas Light Sweet, is a variation of crude oil acting as standard in the fixing of crude price and as a raw material for oil contracts with the Nymex (New York Mercantile Exchange), the bursa specializing in energy.), for delivery in August, win 0,02%has 65,12 dollars.
Investors expect an advertisement of 411 ‘000 barrels Daily for the month of August. repeating the increases for the months of May. June and July, about three times higher than calm before decision opec+ new the initial production plan established last December.
“The internal dynamics of OPEC+ remains however tense“, Underlines Ole Hvalbye, analyst at Seb.”While Saudi calm before decision opec+ Arabia is at the origin of the increase in quotas. Russia and other countries pleaded for a break in July in order to assess the impact of previous increases“.
An increase in the black gold offer is a lower factor for barrel prices. in a context of uncertainty. with “signs of slowdown in demand growth in the United States and China“Underlines the analyst.
However. an increase in quotas does not necessarily imply an increase in production because “Usual offenders at quotas – Kazakhstan. Iraq, Russia and the United Arab Emirates – already produce beyond the agreed limits and have only a limited room for maneuver to further increase their production“, Affirm Arne Lohmann Rasmussen.
In May. according to an estimate of Bloomberg. the production of the cartel calm before decision opec+ new would have increased by only 200 ‘000 barrels per day against an increase in quotas of 411 ‘000 barrels.
(C) AFP
Calm before decision opec+ new
Calm before decision calm before decision opec+ opec+
Commenter Oil: calm before OPEC+ decision
Community barrel price
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