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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


International recommendations to extend production cuts 6 months

rocky
rocky
NNP TEAM
NNP TEAM


Posts : 230340
Join date : 2012-12-21

International recommendations to extend production cuts 6 months Empty International recommendations to extend production cuts 6 months

Post by rocky Mon 27 Mar 2017, 12:50 am

International recommendations to extend production cuts 6 months

economy Since 2017-03-26 at 16:21 (Baghdad time)

Baghdad - Mawazine News
A joint ministerial committee of OPEC and non-OPEC oil producers on Sunday recommended in a press release the extension of the agreement to cut world oil production by six months.
The Organization of the Petroleum Exporting Countries (OPEC) and 11 other major oil producers, including Russia, agreed in December to cut their total production by about 1.8 million bpd in the first half of the year.
"The Commission expressed its satisfaction with the progress made towards full compliance with voluntary production adjustments and urged all participating countries to move forward towards full commitment," the statement said.
The December agreement, aimed at supporting the oil market, lifted crude prices to more than $ 50 a barrel. But the price increase encouraged US rock producers not involved in the agreement to increase production. "
"It is aware that certain factors such as low seasonal demand, maintenance of refineries and increased non-OPEC supply have led to an increase in crude oil inventories," the committee said.
"But the end of the refinery maintenance season and the marked slowdown in US inventories as well as the decline in floating storage will support the positive efforts to stabilize the market," she said.
Oil Minister Jabbar Ali al-Allaibi told reporters ahead of the meeting that there were some encouraging factors that suggest that the oil market is improving and that Iraq will support any steps to bring stability to the price if agreed by all OPEC members.


https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=

    Current date/time is Sat 03 Dec 2022, 11:52 pm