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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


    OPEC} need an extension of Khvz oil production to keep the price recovery

    Rocky
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    • Post n°1

    OPEC} need an extension of Khvz oil production to keep the price recovery Empty OPEC} need an extension of Khvz oil production to keep the price recovery

    Post by Rocky Sat 18 Mar 2017, 2:53 am

    OPEC} need an extension of Khvz oil production to keep the price recovery


    3/18/2017 0:00

    Capitals / Reuters
    poll of the views of market analysts released on Friday that the Organization of Petroleum Exporting Countries "OPEC" will need to extend the reduction of oil production in order to maintain the recovery of crude oil prices in the light of production recovery outside the organization that might dispel the impact of their efforts to get rid of the glut of stocks agreement .
    He said six of the ten analysts polled by Reuters: They see that "OPEC" will extend the production reduction agreement after a month of June , while two said the organization sees no need for an extension while the two others were not resolved their opinion.
    The "OPEC" said in its monthly report published mid last week: that oil inventories rose in the month of January , despite the global agreement to cut supplies and raised its forecast for production outside the organization in 2017, indicating the complexities facing rid of oversupply efforts.
    However , the organization stressed that stocks would begin to decline thanks to the reduction of supply , saying: " The market is expected to begin to restore balance or even to witness the decline of the stocks" in the second half of the year.
    And working "OPEC" to cut output by 1.2 million barrels per day from the first of the month of January in the first cut of its kind in eight years. Russia agreed and ten other producers outside the organization to cut production , including a total of 600 thousand barrels per day again.
    Oil prices have fallen so much in the past week on concerns that the production cuts agreed by the "OPEC" Producers and abroad, including Russia is not shrinking oversupply expected pace in the face of growing US production.
    Official data showed that crude stocks in the United States fell by 237 thousand barrels per day in the week ending on the tenth of March , in contrast to analysts ' estimates , who had expected an increase of 3.7 million barrels.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=133756
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