freeamfva: Oil Trades Near $80 as Global Power Crisis Set to Boost Demand

Oil Trades Near $80 as Global Power Crisis Set to Boost Demand

15 Oct 2021 at 01:06

Oil steadied near the psychological $80-a-barrel mark as a global power crunch rattled the market while OPEC+ output has been slow to ramp up.To get more news about rofx review, you can visit wikifx.com official website.
  West Texas Intermediate futures climbed 0.7% in New York after topping the key price level on Friday for the first time since November 2014. From Asia to Europe, the prices of heating fuels such as coal and natural gas are surging as stockpiles run low ahead of the winter season, prompting a switch to products such as diesel and kerosene.
  Crude has gained more than 60% this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand. While the Organization of Petroleum Exporting Countries and its allies have pledged to return more withheld supplies to market, the increase is likely to lag rising consumption of transport and heating fuels during the upcoming winter months.
  Saudi Aramco (SE:2222) estimates the gas crisis has already increased oil demand by around 500,000 barrels a day, while Goldman Sachs Group Inc (NYSE:GS). sees consumption climbing even higher. Concerns further compounded after the U.S. Energy Department said it had no plans “at this time” to tap the nations oil reserves.
  The coming weeks will be decisive for Irans nuclear program, German Chancellor Angela Merkel said, urging Tehran to come back to the negotiating table as stalled talks with world powers hang in the balance. A swift resolution to the stand-off is unlikely after the last round of talks ended inconclusively in June with no date set for the next one, keeping millions of barrels away from most international buyers.
  Meanwhile, economists at Goldman cut their forecasts for U.S. growth this year and next, blaming a delayed recovery in consumer spending. The bank said in a report that it now expects growth of 5.6% on an annual basis in 2021 versus their previous estimate of 5.7%, and 4% next year, down from 4.4%.



Share

Add comment

Guests are not allowed to Add blog comments. Please sign in.

Comments

  • 16 Apr 2022 at 00:26
    The writer has outdone himself this time. It is not at all enough; the website is also utmost perfect. I will never forget to visit your site again and again. MODULO DI RICHIESTA DEL VISTO PER L'AMERICA
  • 2 Apr 2022 at 09:26
    The writer has outdone himself this time. It is not at all enough; the website is also utmost perfect. I will never forget to visit your site again and again. MODULO DI RICHIESTA DEL VISTO PER L'AMERICA
  • 1 Mar 2022 at 04:46
    This is exactly why it is actually better which you can related exploration well before delivering. It will be possible to publish bigger report using this method. Cartão de Todos
  • 28 Feb 2022 at 16:08
    There are a handful of interesting points with time in this article but I do not determine if I see every one of them center to heart. There’s some validity but I am going to take hold opinion until I investigate it further. Good article , thanks so we want a lot more! Added to FeedBurner likewise The Atelier Price
  • 28 Feb 2022 at 15:28
    im surpirsed this post hasnt got more attention, get some backlinks friend and move it to the top of Google. محامي احوال شخصية جدة
  • 28 Feb 2022 at 05:28
    Wonderful post, thanks for discussing the data. It isn’t all too often that you simply read articles where the poster knows what they’re running a blog regarding. Grammar and punctuational are spot on too, only trouble We seemed to possess had been mentioning the website, seemed sluggish. Looks like additional visitors experienced exactly the same difficulty? lawn service spring tx
  • 26 Feb 2022 at 08:51
    Well done! I appreciate your contribution to this matter. It has been insightful. my blog: horoscope love compatibility bulldogs for sale near me
  • 21 Feb 2022 at 10:04
    Me gustaría decir lo que una ayuda para encontrar a alguien que sabe realmente lo que son hablar acerca de internet. Definitivamente sabe consejos transmitir un problema a la luz y hacer importantes. Más individuos deben leer y comprender este aspecto de la historia. No puedo considero youre no más común porque tiene sin duda el regalo. how to set up a payment processing company
  • 21 Feb 2022 at 08:29
    I need your position. It is really finer quality than see anyone explain in words from the basis in addition to legibility for this issue needed place are generally handily found. North American Bancard Agent Program
  • 20 Feb 2022 at 14:18
    It’s really a cool and useful piece of information. I’m satisfied that you shared this useful information with us. Please stay us informed like this. Thank you for sharing. How to Become a Merchant Service Provider
Pages: 1 2 3 4 5 6 7

Rate

Your rate: 0
Total: 0 (0 votes)

Tags

wikifx