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[rtl]History of edits:: 2.9.2016 14:05 • 21 visits readable[/rtl]
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{International: Euphrates News} The International Energy Agency expects global oil inventories continue to grow in most of 2016 because the decline in US production will take a long time while it is unlikely that OPEC reached an agreement with independent producers to cut production in the Taker growth.
According to the agency, which coordinates energy policies of industrialized nations that she does not believe that oil prices will fall to ten dollars a barrel, according to most forecasts extreme but also difficult to predict how the rising significantly from current levels. The reduced Energy Agency estimates slightly for oil demand growth in 2016 and which currently stands at 1.17 million barrels a day after reaching the highest level in five years at 1.6 million in 2015. the agency also lowered its forecast for demand for OPEC oil in 2016 by 100 thousand barrels per day to 31.7 million barrels a day. This level is well below the size of the organization production in January, which stood at 32.63 million barrels per day. "I continued to speculate on a deal between OPEC and major producers from outside the production cut seems mere speculation. OPEC cut production or not is a matter for the organization, whether done so alone or in coordination with other producers, but the possibility of coordinated cuts in production is very weak. "End quote
http://alforatnews.com/modules/news/article.php?storyid=108302
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IEA expects growth in world oil supply glut and exclude producers agreement
[/rtl][rtl]History of edits:: 2.9.2016 14:05 • 21 visits readable[/rtl]
{International: Euphrates News} The International Energy Agency expects global oil inventories continue to grow in most of 2016 because the decline in US production will take a long time while it is unlikely that OPEC reached an agreement with independent producers to cut production in the Taker growth.
According to the agency, which coordinates energy policies of industrialized nations that she does not believe that oil prices will fall to ten dollars a barrel, according to most forecasts extreme but also difficult to predict how the rising significantly from current levels. The reduced Energy Agency estimates slightly for oil demand growth in 2016 and which currently stands at 1.17 million barrels a day after reaching the highest level in five years at 1.6 million in 2015. the agency also lowered its forecast for demand for OPEC oil in 2016 by 100 thousand barrels per day to 31.7 million barrels a day. This level is well below the size of the organization production in January, which stood at 32.63 million barrels per day. "I continued to speculate on a deal between OPEC and major producers from outside the production cut seems mere speculation. OPEC cut production or not is a matter for the organization, whether done so alone or in coordination with other producers, but the possibility of coordinated cuts in production is very weak. "End quote
http://alforatnews.com/modules/news/article.php?storyid=108302
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