• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

GameMax

Top Games Review

  • Submit
  • Disclaimers
  • About
  • DMCA
  • Privacy Policy
  • Contact

Will Iranian supply change the course of oil prices?

June 22, 2021

Synopsis According to a report by Platts, Iran has already been ramping up oil production, with its total output reaching 2.43 million barrels per day in April, up by 1,30,000 barrels per day from March and the highest since May 2019. Related BofA expects crude oil to reach $100/barrel level next year Crude oil futures jump on firm spot demand Agricultural commodities off bullish path. Where are they headed? Commodity Summary MCX CRUDEOIL NYMEX WTI crude oil prices gained 36 per cent between October to December last year (from $35 to $48 a barrel), and 23 per cent between January to March this year (from $48 to $60). In the financial year 2020-21, NYMEX crude oil prices recovered from a trough to soar more than 197 per cent from $20 per barrel in April 2020 to $60 per barrel in March 2021, mainly supported by various factors such as global stimulus packages, lower interest rates by central banks around the globe, weakness in the dollar and production cuts by the Organization of the Petroleum Exporting Countries (OPEC). Subsequently, WTI crude touched a high of $70.62 per barrel (Rs 5,150) on June 9, supported by factors such as post-Covid demand from…

Primary Sidebar

Recent Posts

  • Cambodian Senate leader starts official visit to Vietnam
  • Game engine developer Unity signs lucrative contract with US Defense
  • Where Is Xur Today? (August 5-9) – Destiny 2 Xur Location And Exotic Items Guide
  • The ‘micro-RPGs’ offering new perspectives on the genre’s overstuffed epics
  • EVE Online’s most notorious scam took 16 months of commitment
Copyright © 2023 GameMax. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story