Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80%

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266519
    Join date : 2012-12-21

     OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80% Empty OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80%

    Post by Rocky Sun 15 Jan 2017, 3:52 am

    [size=30]OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80%[/size]
    15/01/2017 09:52 | Number of Views: 181
    font size:  OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80% Font_decrease  OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80% Font_enlarge
     OPEC confirms compliance rate of oil-producing countries to cut production amounted to 80% Thumbnail.php?file=6096feb976bf6928c44bf6c4ec63b051_946359616
    Direction Press / Agencies 
     
    Assured delegates to the Organization of Petroleum Exporting Countries "OPEC", today announced that theMembers ' compliance with production cuts rate reached nearly 80 percent. 

    The ministers "OPEC" agreed, on 30 November last, to reduce the production ceiling by 1.2 million barrels aday; and as of the first of January of this, in order to restore balance to the oil prices in the global markets. 

    It comes the process of reducing production in light of a global supply glut; and aims to reduce price subsidies, currently amounting to around US $ 56 a barrel, which is less than half, compared to prices in 2014, which caused significant damage to revenues of exporting countries. 


    He noted Kuwait 's oil minister Issam Al - Marzouq, last Thursday, to be bound by the Agreement reached more than 60 percent, according to announcements producing countries. The date of the further reduction of theproduction decision , "OPEC" to the year 2009, reaching a commitment decision "OPEC" in 2009 at 80 percent, according to estimates by the International Energy Agency. 

    The commitment to reduce production in 2009, to raise the price of crude at $ 69 a barrel. 

    The oil producers within the Organization of Petroleum Exporting Countries (OPEC) and outside reached, on 10 December, the first joint agreement since 2001, to cut crude production and ease the oversupply in themarket after the continuing low prices for more than two years to become the market focus now to abide by the agreement.



    http://aletejahtv.org/permalink/146367.html

      Current date/time is Tue 19 Mar 2024, 9:05 am