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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

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Established in 2006 as a Community of Reality

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    After reducing oil production, the consequences of the "OPEC +" decision on Iraq

    Rocky
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    • Post n°1

    After reducing oil production, the consequences of the "OPEC +" decision on Iraq Empty After reducing oil production, the consequences of the "OPEC +" decision on Iraq

    Post by Rocky Thu 06 Oct 2022, 4:08 am

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    [size=35][size=35]After reducing oil production, the consequences of the "OPEC +" decision on Iraq[/size]
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    Economie

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    2022-10-05 | 13:06
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    Today, Wednesday, the economic expert, Abdul Rahman Al-Mashhadani, explained the consequences of the “OPEC +” decision to reduce oil production, on Iraq.


    And “OPEC +” decided, earlier today, to reduce oil production by two million barrels per day, starting next November, in a move aimed at supporting prices that witnessed in the third quarter the first quarterly loss in two years.






    This is the largest reduction since the historical cuts of about ten million barrels in the spring of 2020, before the collapse in demand linked to the Covid-19 epidemic.

    In this regard, Al-Mashhadani says,[url=https://www.alsumaria.tv/Entity/3172698065/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria news[/url]The fluctuations that occurred in the energy markets and the significant declines that occurred in oil prices, including the barrel’s drop to below $80, in addition to the existence of a surplus in the market of about two million barrels, are all factors that served as an alarm bell for OPEC, which forced the organization to hold a meeting and proceed with production cuts. ".
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