Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fu...
- Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
The Organization of the Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said this month, predicting non-OPEC supply growth to surge next year. “Saudi Arabia is likely to want to keep supporting oil prices to improve its fiscal position. However, the kingdom probably won’t push for deeper cuts to avoid losing more market share to the U.S.,” Capital Economics analyst Caroline Bain said.Since January, OPEC and its allies have been cutting output by 1.2 mbpd, and had agreed to do so until March 2020.
Brent prices have been pressured by concerns about slowing global growth, exacerbated by the U.S.-China trade conflict. Prices are down about 12% from a roughly four-month peak hit in September.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Your talking points for the 2020 race, in time for Thanksgiving dinnerFrequently asked questions — and some straightforward answers — about every candidate still in the race for the White House.
Baca lebih lajut »
These Are The 2020 Presidential Candidates Getting The Most Financial Support From The Female ElectorateAccording to political observers, it’s possible that issues such as reproductive healthcare, the gender pay gap and paid parental leave will be a larger topic throughout this election and future ones as candidates see the increasing importance of securing a woman's dollar and her vote.
Baca lebih lajut »
The World in 2020TWENTY-TWENTY has a landmark ring to it. The start of a new decade prompts bigger-than-usual thoughts about the future. For the first time in 60 years the new decade coincides with a year of the rat, the start of the 12-year cycle in the Chinese zodiac. And, as the predictions in this volume describe, 2020 itself will not be short of drama. A dozen highlights give a sense of what lies ahead. 1. It’s judgment time.
Baca lebih lajut »
The Jewelry Trends You Can Start Wearing in Fall/Winter 2020This year's fall/winter jewelry trends are all about adding those touches of fun and elegance to your looks. Take a look...
Baca lebih lajut »
Bill de Blasio’s Case Against Michael Bloomberg 2020Bill de Blasio would like to make clear that if he can’t be president, it’s his intention to speak out against Michael Bloomberg’s White House ambitions, quite loudly if necessary. gdebenedetti reports
Baca lebih lajut »
Starbucks switching to paper straws in Japan starting January 2020Starbucks Corp. will make the switch to paper straws in Japan starting January 2020, eliminating 200 million single-use plastic straws each year from the...
Baca lebih lajut »