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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

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


    Including Iraq.. OPEC countries confirm their commitment to the organization after Angola’s withdraw

    Rocky
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    • Post n°1

    Including Iraq.. OPEC countries confirm their commitment to the organization after Angola’s withdraw Empty Including Iraq.. OPEC countries confirm their commitment to the organization after Angola’s withdraw

    Post by Rocky Sun Dec 24, 2023 6:19 am

    [size=35][size=35]Including Iraq.. OPEC countries confirm their commitment to the organization after Angola’s withdrawal[/size]
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    Economy

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    2023-12-24 | 02:36
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    Alsumaria News - Economy

    The countries of Iraq, Nigeria and the Republic of the Congo, members of OPEC, confirmed their commitment to the group of oil producers after announcing Angola’s withdrawal last week.


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    He said[url=https://www.alsumaria.tv/Entity/2438314536/%D8%A8%D8%B1%D9%88%D9%86%D9%88 %D8%AC%D8%A7%D9%86 %D8%B1%D9%8A%D8%AA%D8%B4%D8%A7%D8%B1%D8%AF %D8%A5%D9%8A%D8%AA%D9%88%D8%A7/ar/]Bruno Jean Richard Etois[/url], Minister of Hydrocarbons in[You must be registered and logged in to see this link.]In a statement: “We stress our strong support for unity and cohesion at the heart of OPEC and the OPEC+ alliance. Every member, whether African or not, plays an indispensable role in achieving our common goals and maintaining the balance of the global oil market.”



    And I withdrew[You must be registered and logged in to see this link.]From the Organization of the Petroleum Exporting Countries, on Thursday, after a dispute over its production quota, which reduced the number of members of the organization to 12 countries and raised concerns about its future cohesion.

    OPEC and its allies are working to reduce production again to support oil prices, which have fallen by approximately 20% in three months.

    Most analysts are looking at a withdrawal[You must be registered and logged in to see this link.]As an individual case, it is an indication that the long-term decline in its production capabilities has made it a less effective member of OPEC. While traders expect new cuts to be implemented by the OPEC+ alliance as planned during the next month.

    Addressing speculation
    Other OPEC countries issued public statements over the weekend to forestall any speculation. The Minister of State for Petroleum said[You must be registered and logged in to see this link.], Heineken Lookpoppere, in a statement on the “AX” website (formerly known as Twitter): “We are determined to adhere to OPEC’s goals while actively cooperating with the organization to ward off concerns that resonate not only within our borders but across the entire continent.”

    Similar to[You must be registered and logged in to see this link.]I entered[You must be registered and logged in to see this link.]In a dispute with OPEC leaders over its production quota for 2024, although this dispute was apparently resolved during the organization’s last meeting on November 30.

    to support[You must be registered and logged in to see this link.]For OPEC's decision
    , he confirmed[You must be registered and logged in to see this link.]For his continued support of the organization. Baghdad will need to make some of the largest supply cuts among the group's members over the next month to meet its new quota.

    She said[url=https://www.alsumaria.tv/Entity/1016310985/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/ar/]Iraqi Ministry of Oil[/url]OPEC is trying to "achieve the highest rates of balance between supply and demand to achieve stability in the global oil market." This is supposed to lead to "a good level of revenue for the federal treasury."[You must be registered and logged in to see this link.].

    It is worth noting that[You must be registered and logged in to see this link.]It separated from OPEC after 16 years of membership, as it rejected the goal of reducing production that the organization’s leaders called for to implement, which reflects the country’s dwindling production capacity. Many other OPEC members were also unable to join the supply curbs because they had already lost too much production due to lack of investment, political instability and sabotage.
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