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[rtl]History of edits:: 29/10/2016 8:37 • 61 visits readable[/rtl]
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{International: Euphrates News} high-level committee of experts meets, in the Organization of Petroleum Exporting Countries {OPEC} today, with representatives from non-OPEC producers want to reduce their contribution to the organization supplies.
The organization met yesterday, to develop a plan to reduce oil production, but it did not reach agreements , hours after the meeting in Vienna, as reported by sources of the organization, news agencies reported.
The sources said, " The high - level committee of experts will meet again in Vienna on next November 25, before the next meeting of OPEC ministers on the thirtieth of the same month to complete the individual quota {production quota for each country}. "
one source said : " Yes, we will continue {meeting} today {Saturday} with producers outside OPEC , "he said it is not reached "full agreement yesterday {Friday} because Iran refuses to install production."
another source said , "We have not finished all things, and we look forward to thenext meeting on November 25 to complete the individual quotas."
it consists of a meeting of high - level Committee of Governors of OPEC and representatives of countries who who report to the ministers concerned, and continued the talks on Friday , more than 11 hours.
a source at OPEC , "There is no agreement yet, everyone would agree , except forIran , " he said , adding that Tehran 's claim exemption.
the OPEC agreed last month in Algiers to reduce production crude oil to between 32.5 million and 33 million barrels per day in the first cut since 2008 in order to raise prices.
but the deal faces potential setbacks because of Iraq 's claim exemption from it, as well as the demands of countries such as Iran, Libya and Nigeria who havedamaged their production as a result of sanctions, war and want to increase supply .
he said OPEC delegate before the start of Friday meeting , "it is becoming increasingly complex, every day appears a new problem."
but OPEC and other officials, including Secretary - General Mohammed Barkindo remained optimistic.
he said Barkindo in a speech at the meeting according to the text presented by OPEC "Our consultations today {yesterday Friday} - and tomorrow {Saturday} with some producers are not members of OPEC - could have profound consequences for the market and the industry in the medium to long term. "
and wrote the Commission in the policy and will instead recommendations of theMinisterial next OPEC meeting on 30 November next which will be held in Vienna ,too.
he said Iraq 's second - largest producer in OPEC earlier, he would not reduce its production and that it should be exempted from any restrictions on the production because he needs the money to fight Daesh.
at the same time stressed Iran's right to regain market share after the lifting ofWestern sanctions reported in January.
the states are not members of OPEC , which will send representatives to the talks {today} are Russia, Kazakhstan, Mexico, Oman, Azerbaijan, Brazil, Bolivia.anthy
http://alforatnews.com/modules/news/article.php?storyid=131006
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OPEC will resume its meeting today after no agreement yesterday to cut production
[/rtl][rtl]History of edits:: 29/10/2016 8:37 • 61 visits readable[/rtl]
{International: Euphrates News} high-level committee of experts meets, in the Organization of Petroleum Exporting Countries {OPEC} today, with representatives from non-OPEC producers want to reduce their contribution to the organization supplies.
The organization met yesterday, to develop a plan to reduce oil production, but it did not reach agreements , hours after the meeting in Vienna, as reported by sources of the organization, news agencies reported.
The sources said, " The high - level committee of experts will meet again in Vienna on next November 25, before the next meeting of OPEC ministers on the thirtieth of the same month to complete the individual quota {production quota for each country}. "
one source said : " Yes, we will continue {meeting} today {Saturday} with producers outside OPEC , "he said it is not reached "full agreement yesterday {Friday} because Iran refuses to install production."
another source said , "We have not finished all things, and we look forward to thenext meeting on November 25 to complete the individual quotas."
it consists of a meeting of high - level Committee of Governors of OPEC and representatives of countries who who report to the ministers concerned, and continued the talks on Friday , more than 11 hours.
a source at OPEC , "There is no agreement yet, everyone would agree , except forIran , " he said , adding that Tehran 's claim exemption.
the OPEC agreed last month in Algiers to reduce production crude oil to between 32.5 million and 33 million barrels per day in the first cut since 2008 in order to raise prices.
but the deal faces potential setbacks because of Iraq 's claim exemption from it, as well as the demands of countries such as Iran, Libya and Nigeria who havedamaged their production as a result of sanctions, war and want to increase supply .
he said OPEC delegate before the start of Friday meeting , "it is becoming increasingly complex, every day appears a new problem."
but OPEC and other officials, including Secretary - General Mohammed Barkindo remained optimistic.
he said Barkindo in a speech at the meeting according to the text presented by OPEC "Our consultations today {yesterday Friday} - and tomorrow {Saturday} with some producers are not members of OPEC - could have profound consequences for the market and the industry in the medium to long term. "
and wrote the Commission in the policy and will instead recommendations of theMinisterial next OPEC meeting on 30 November next which will be held in Vienna ,too.
he said Iraq 's second - largest producer in OPEC earlier, he would not reduce its production and that it should be exempted from any restrictions on the production because he needs the money to fight Daesh.
at the same time stressed Iran's right to regain market share after the lifting ofWestern sanctions reported in January.
the states are not members of OPEC , which will send representatives to the talks {today} are Russia, Kazakhstan, Mexico, Oman, Azerbaijan, Brazil, Bolivia.anthy
http://alforatnews.com/modules/news/article.php?storyid=131006
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