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Posts From Demostenes Floros

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The positive price trend

The positive price trend

The factors which have led to the recovery include the sudden drop in US crude stocks and the resumption of US sanctions against Iran, further strengthened by the appointment of John Bolton, who has previously declared himself opposed to the nuclear deal

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A market awaiting developments

A market awaiting developments

The downward trend in oil prices seen in recent months reflects the development of shale in the United States, a evolving situation within the sector that for the time being is not a source of concern to OPEC countries, which are currently engaged in complying with the agreed output cuts

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Rising prices

Rising prices

During the first month of 2018, oil prices increased as OPEC and non-OPEC producers respected the cuts

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The changing trend in oil prices

The changing trend in oil prices

There have been many bullish factors in recent months. Following the OPEC/non-OPEC agreement, the positive trend has been driven by the weakness of the American dollar, the fall in U.S. stocks and the suspension of several supply sources due to the closing down of a number of oil wells

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Oil and currency trends

Oil and currency trends

Rising oil prices, up to the highest levels since mid-2015. Trends in light of the 2018 extension of the OPEC / non-OPEC agreement signed in November 2016 and expiring on March 31, 2018

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Rising oil prices

Rising oil prices

US tight oil output growth, falling global stocks and a higher demand for oil forecast for 2017 are among the factors behind the upward trend in prices

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Upward trend in oil prices

Upward trend in oil prices

In September, oil prices significantly increased at around $4/b. In particular, Brent North Sea quality opened at $52.75/b and closed at $56.68/b, while West Texas Intermediate opened at $47.34/b and closed at $51.54/b. At

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The oil price conundrum

The oil price conundrum

Between ups and downs, the month of August has seen a re-balancing of oil markets, with the main qualities on a downward trend and OECD stocks dropping

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A hot summer for oil

A hot summer for oil

On the one hand, there is progress, albeit slight, on crude oil prices and the strengthening of the euro against the U.S. dollar; on the other, there is America’s new sanctions strategy to curtail Russian exports

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Petroleum prices: the influence of industry and geopolitics

Petroleum prices: the influence of industry and geopolitics

The moderate recovery in oil barrel prices that took place during the last week in June was caused by a fall in USA oil and petrol reserves, but the trend remains depressed

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