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Iraq earns more than $ 10 million a day production cut agreement
Thursday, 25 May 2017 10:06
OPEC committee recommends independent and to extend a cut in oil production 6 months
March 26, 2017
High oil prices in Asia
March 23, 2017
Palanwowerev .. Is Iraq benefited from the OPEC agreement?
March 6, 2017
Alsumaria News / Baghdad
, said the International Energy Agency , Wednesday, that members of the Organization "states OPEC " gained over the past two quarters , $ 75 million a day in addition, thanks to the rebound in oil prices in global markets.
A graph published by " Bloomberg " economic based on the data of the International Energy Agency that Iran , were more winners cut production agreement, which received additional revenues during the fourth quarter of last year , the first of this year and the quarter by about $ 15 million a day.
Oil prices jump and the IEA expects a deficit in the first half after OPEC cut
OPEC: Oil producers Organization prefer to extend the cut crude supply for after June agreement
While, oil agreement returned to Saudi Arabia, the largest oil producer in the "OPEC", during the same period by about $ 12.3 million a day, followed in third place, Iraq , additional revenues estimated at 10.3 million dollars a day.
Oil prices have been rising since the end of last November, then members of the Organization "OPEC" countries and some independent producers agreed to reduce the volume of production by 1.8 million barrels per day to support the faltering prices.
This increased oil prices during the past two quarters from the record of $ 45.23 a barrel blend "Brent" on November 29 to $ 50.60 a barrel on March 31.
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