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Optimism the future of global oil prices


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Optimism the future of global oil prices

Post by rocky on Thu 16 Feb 2017, 3:03 am

Optimism the future of global oil prices

2/16/2017 0:00 

[rtl]BAGHDAD / Farah pumice 
promised among local, Arab competent domain oil commitment to reduce production in the framework of the agreement with the Organization of producers (OPEC) {well} as well as the expectations of Russia to be the price of a barrel of oil between $ 50 to $ 55 during the current year 2017 
and closed oil slightly higher, where the cast increased supply of US shale production cloud the enthusiasm for the efforts led by the (OPEC) to cut production the 
And determine the settlement price of Brent crude up 38 cents at $ 55.97 a barrel, to come down so much about the highest level of the session to $ 56.46 a barrel, also closed US light crude was up 27 cents to $ 53.20. 
Both already allocated and was dropped two percent, during the past two days , both of which are near the middle of the five trading dollars a barrel , which was Abrhah since early December scale. 
Promised oil expert Mustafa Basri in his statement to the "morning" that the levels of implementation of the agreement between the member states of the (OPEC) and outside as "good" and the period of record, and expected further reduction in levels of production, especially in the production of non - 
For his part , Omani Oil Minister Mohammed bin Hamad Al Romhi commitment to cut production in January as a "good Not , " expected to be the best in the current month. 
And Rumhy said in a press statement: "There is room for further reduction in the production of non - members of the Organization of the Petroleum Exporting Countries (OPEC) in the framework of the agreement with the Organization producers , " likely to be Russia 's commitment to cut the best production in February and March. 
In a related context Pavel Sorokin , an official at the Russian Energy Ministry: "Russia expects that the price of a barrel of oil between $ 50 and $ 55 in the current year , he said." 
Organization of Petroleum Exporting Countries agreed Others exporters including Russia to cut crude production of about 1.8 million barrels per day in the first half of 2017 in an effort to reduce the oversupply the 
to the detection of the American Petroleum Institute, rising US crude inventories more than expected last week, while gasoline stocks rose and outputs distillation unlike expected. 
Crude stocks grew 9.9 million barrels for the week ending to 513.5 million barrels, while analysts expected to rise 3.5 million barrels. 
The petro Institute: The crude inventories delivery point Cushing , Oklahoma decreased 1.3 million barrels, after figures showed a decline in the consumption of crude refineries 492 thousand barrels 
 per day. 
And decreased US imports of crude 319 thousand barrels per day last week to 8.9 million 
barrels per day.[/rtl]


    Current date/time is Fri 24 Nov 2017, 9:41 pm