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[size=30]"OPEC" cut oil production million barrels per day[/size]
11/02/2017 09:28 | Number of Views: 67
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Announced that the International Energy Agency, the decline "OPEC" oil production in the month of January last by one million barrels per day, for a production that 32.06 million barrels per day.
The International Energy Agency, in a statement: "Some producers, including Saudi Arabia, cut supply bymore than is required. Has been partially offset this decline indicators higher by Libya and Nigeria, which Oafeeta of reducing production commitments."
International Agency pointed out that during the first month of the agreement, OPEC was carried out at a rate of 90 percent.
It is noteworthy that "OPEC" countries, reached at its meeting on November 30, an agreement to reduce thevolume of production of oil, equivalent to 1.2 million barrels per day, while countries agreed outside theorganization that the total reduction of the size of its oil production 558 thousand barrels per day, of which 300 thousand barrels from Russia.
This agreement is valid throughout the first half of the current year 2017, and the longer feasible to extend thevalidity of other period of time.
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