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Saturday, 28 November 15:04 (GMT -05:00)



Stock and commodities markets

Iran Raises Oil Production To 3,5M Barrels / Day


Iran is reported to have increased its oil production all he way up to 3,5 million barrels a day. This is reported by Mehr with reference to Mr. Javadi, Iranian Deputy Minister of Oil as well as Managing Director National Iranian Oil Company (NIOC). At the same time, the Deputy Minister doesn’t deny the possibility of raising the oil production even more given the recently signed agreements. At the same time, he reports that Iran is going to increase its oil exports all the way up to 2 million barrel a day in a matter of days.
 
 
At the same time, Masterforex-V Academy exports say that 30-35% of Iranian oil is exported to Europe. Given the fact that the West canceled the sanction against Iran, the latter is going to keep on raising the production and export.
 
By the way, all of that was said by the Deputy Minister right before the oil summit in Qatar that took place over the weekend and gather a lot of major oil producers and exporters making up for 60% of the total global production of crude oil. For those of you who don’t know, they were going to agree on the idea to cap the oil production at the level seen in early 2016 in order to avoid further oversupply in the global market and therefore stop the prices from going down.
 
As for Iran, the country was allowed to resume the export of crude oil to Europe and other outlets right after the USA and its Western allies canceled the sanctions imposed on Iran a couple of years ago over its nuclear program. It happened in January. Since then, Iran has been increasing its oil production and export at an unprecedented pace. At the same time, Iran is reported to be actively working on introducing new production technologies to make the oil production process less costly and more efficient. With that being said, if Iran manages to do so, this is going to let the country see more profits from oil exports amid lowers production costs even if the prices are still low. Another thing to pay attention to is that Iran is planning to start developing some other oil fields, including South Pars shared with Qatar in the Persian Gulf.

 

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Goldman Sachs is back in the game

20 years ago, Goldman Sachs used to be a Wall Street legend and a dream company to work for graduates with a financial degree. Over the last few years, the bank has been a loser with thousands of disappointed employees, managers, and investors. However, the other day Goldman Sachs made an attempt to get back in the game.

Publication date: 16 October 01:17 PM

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Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

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Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

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Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

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Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

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Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM