Oil prices leap is the first this year upon reaching $ 50 a barrel. This is attributed to the fires in Canada and the political situation in Venezuela, in addition to the unrest in Nigeria.
Oil prices surpassed $ 50 a barrel Thursday for the first time this year. Oil prices have recovered in recent weeks due to lower Canadian supply due to fire, and the unrest in Nigeria, the largest oil exporter in Africa, and strikes in Venezuela.
Canada's central bank has announced that the fires that swept through the country's western provinces, which is the main supplier of oil to the US market, will affect the country's production. Organization of Petroleum Exporting Countries "OPEC " called for Wednesday, oil-producing
.countries to freeze their production in order to improve the prices been falling since mid- 2014.
Organization of Petroleum Exporting Countries "OPEC " warned Wednesday of continued surplus in oil supply, this warning comes days after an important meeting in Doha Sunday between member states in and outside the organization before to discuss ways to freeze production to improve prices. The organization said in its report for the month of April / May , oil prices have risen more than 20% in the March / March , continuing its slow recovery after the collapse of prices between 2014 and 2015 , to the lowest level in more than 12 years.
And it suffered all oil-producing countries and not only the organization 's 13 countries , the decline in oil prices by more than 60 % since mid- 2014 . The reason for this collapse oversupply of oil , especially because of the dumping of shale oil producers Americans to rule the market .
Oil prices surpassed $ 50 a barrel Thursday for the first time this year. Oil prices have recovered in recent weeks due to lower Canadian supply due to fire, and the unrest in Nigeria, the largest oil exporter in Africa, and strikes in Venezuela.
Canada's central bank has announced that the fires that swept through the country's western provinces, which is the main supplier of oil to the US market, will affect the country's production. Organization of Petroleum Exporting Countries "OPEC " called for Wednesday, oil-producing
.countries to freeze their production in order to improve the prices been falling since mid- 2014.
Organization of Petroleum Exporting Countries "OPEC " warned Wednesday of continued surplus in oil supply, this warning comes days after an important meeting in Doha Sunday between member states in and outside the organization before to discuss ways to freeze production to improve prices. The organization said in its report for the month of April / May , oil prices have risen more than 20% in the March / March , continuing its slow recovery after the collapse of prices between 2014 and 2015 , to the lowest level in more than 12 years.
She explained that it was due to expectations that during the Doha talks, which will take place Sunday to freeze production levels , and other factors , but it warned of the existence of " obstacles with the continued surplus in supplies and stocks ."
And it suffered all oil-producing countries and not only the organization 's 13 countries , the decline in oil prices by more than 60 % since mid- 2014 .
The reason for this collapse oversupply of oil , especially because of the dumping of shale oil producers Americans to rule the market .
She explained that it was due to expectations that during the Doha talks, which will take place Sunday to freeze production levels , and other factors , but it warned of the existence of " obstacles with the continued surplus in supplies and stocks ."And it suffered all oil-producing countries and not only the organization 's 13 countries , the decline in oil prices by more than 60 % since mid- 2014 . The reason for this collapse oversupply of oil , especially because of the dumping of shale oil producers Americans to rule the market .
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