Perhaps the most important guilty party of the shift in balance is Iran, the return of its commodity to the oil market. At the moment, about 40 million barrels of oil remain in storage. After reaching an agreement on the nuclear program and lifting of the sanctions, these volumes will be realized, most likely, in Europe.
This is followed by Saudi Arabia. As we know, OPEC produces more than the declared quota level. At present, the extraction is about 31 million barrels per day, while the quotas are only 30 million barrels. Furthermore, last month the Saudis expanded production by 25,000 barrels per day.
Last month Iraq managed to increase the output by 112 thousand barrels per day. However, the available capacity suggests increasing volumes. The respondents do not exclude the output growth to 3.75 million barrels in June, which indicates the increase by 26%.
One more representative of OPEC, which is able to surprise the markets with the return of some volumes, is Libya. By the end of next month, the production level can approach 800 thousand barrels per day. In other words, the figure will double, as a number of pipelines and export terminals are again engaged in the work.
For nearly a century, the US-based weekly periodical Time has closed out the year by selecting the person who has had the most significant impact on the global stage—not necessarily a positive one. This year, the magazine's cover features Donald Trump, who recently won the US presidential election. Let's find out who else was honored by Time and in which nimonations.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
