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[size=30]OPEC seeks to integrate "rock" oil producers into a joint cooperation system[/size]
01/03/2018 10:29 | Number of readings: 1
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Trend Press / Agencies
The report of the World Oil Company, that OPEC "adheres to the optimism of the future of the crude oil market and seeks to integrate oil producers" rock "in a system of joint cooperation.
"OPEC and its allies agree to ease the situation of oil supply restrictions in 2019 without hitting the market," the report said.
The report noted that there is no real concern about stocks, but the concern is to try to find out where the volume of US domestic production of oil and the estimated growth in the number of drill rigs per week, adding that if these figures are constantly changing to the upside , We may see the market, has reacted with it negatively translates into a state of instability.
OPEC countries cut their production by 1.2 million bpd as part of an agreement with Russia and other non-OPEC producers. The deal, set to support oil prices, went into effect in January 2017 and runs until the end of 2018.
New York futures fell 0.4 percent after closing at their highest level in three weeks on Monday, pointing to a state of optimism about economic growth. On the other hand, price growth is hampering Libya's crude exports from Main station.
The international report predicted a slowdown in the pace of inventory contraction may raise concerns that the US supply will somewhat disrupt the constraints of "OPEC" and independent to limit oil production.
World Oil sees concern about America's record production of crude oil and continues to hamper Opec-led producer cooperation efforts, noting that accelerated US productivity policies are driving a return to market turmoil.
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