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Related News: forecast to renew a freeze of oil production for another six months agreement
Business & Finance Thursday , 11 May 2017
Predicted a specialist in economic affairs Dergham Mohammed Ali, Thursday, to extend the oil-producing countries an agreement to freeze its oil output, which expires at the end of May this
Ali said in a statement to "Sky Press," he is expected to witness the Organization of oil-producing countries of OPEC meeting on the twenty-fifth for the month of May the current to reach the extension of the agreement without hindrance little because of all producing countries inside OPEC and outside an agreement on the need to maintain stability oil market and protect the interests of producing countries that have been affected much lower prices
Considering that the price function for the first five months, oil prices showed relatively successful policy to freeze production and keep it within agreed levels as oil prices have limited growth with relative stability maintained acceptable levels of market performance
Noting that any delay in the extension of the agreement or attempt to change it would have a negative impact on the market.
The Organization of the "OPEC" countries have reached at its meeting on November 30, 2016, an agreement to reduce the size of its oil production by about 1.2 million barrels per day, starting from the beginning of 2017, dropping production to 32.5 million barrels per day, while countries agreed from outside the organization that the total size to cut oil production worth 558 thousand barrels per day, including Russia - 300 thousand barrels. It was the conclusion of the agreement in the first half of the year 2017 with the possibility of extension.
http://www.skypressiq.net/2017/5/11/%D9%85%D8%AE%D8%AA%D8%B5-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AA%D8%AC%D9%85%D9%8A%D8%AF-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%86%D9%81%D8%B7%D9%8A-%D9%84%D8%B3%D8%AA%D8%A9-%D8%A7%D8%B4%D9%87%D8%B1-%D8%A7%D8%AE%D8%B1%D9%89
Business & Finance Thursday , 11 May 2017
Predicted a specialist in economic affairs Dergham Mohammed Ali, Thursday, to extend the oil-producing countries an agreement to freeze its oil output, which expires at the end of May this
Ali said in a statement to "Sky Press," he is expected to witness the Organization of oil-producing countries of OPEC meeting on the twenty-fifth for the month of May the current to reach the extension of the agreement without hindrance little because of all producing countries inside OPEC and outside an agreement on the need to maintain stability oil market and protect the interests of producing countries that have been affected much lower prices
Considering that the price function for the first five months, oil prices showed relatively successful policy to freeze production and keep it within agreed levels as oil prices have limited growth with relative stability maintained acceptable levels of market performance
Noting that any delay in the extension of the agreement or attempt to change it would have a negative impact on the market.
The Organization of the "OPEC" countries have reached at its meeting on November 30, 2016, an agreement to reduce the size of its oil production by about 1.2 million barrels per day, starting from the beginning of 2017, dropping production to 32.5 million barrels per day, while countries agreed from outside the organization that the total size to cut oil production worth 558 thousand barrels per day, including Russia - 300 thousand barrels. It was the conclusion of the agreement in the first half of the year 2017 with the possibility of extension.
http://www.skypressiq.net/2017/5/11/%D9%85%D8%AE%D8%AA%D8%B5-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AA%D8%AC%D9%85%D9%8A%D8%AF-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%86%D9%81%D8%B7%D9%8A-%D9%84%D8%B3%D8%AA%D8%A9-%D8%A7%D8%B4%D9%87%D8%B1-%D8%A7%D8%AE%D8%B1%D9%89
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