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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

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OPEC committee recommends oil producers to extend production cuts 6 months

rocky
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OPEC committee recommends oil producers to extend production cuts 6 months Empty OPEC committee recommends oil producers to extend production cuts 6 months

Post by rocky Mon Mar 27, 2017 2:45 am


OPEC committee recommends oil producers to extend production cuts 6 months


History of edits:: 2017/3/26 15:32 • 119 times readable

{International: Euphrates News} Joint Ministerial Committee of the OPEC oil producers are not members of the Organization recommended on Sunday in a press release to extend the reduction of world oil production agreement for six months.
The Organization of the Petroleum Exporting Countries and 11 other major producer of oil , including Russia , had agreed in December to reduce total production about 1.8 million barrels per day in the first half of the year.
The statement said that the Committee "expressed satisfaction with the progress made towards the full commitment of voluntary adjustments of production and urged all involved to move forward towards the full commitment of States."
The lifting of the December agreement, which aims to support the oil market, crude prices to more than $ 50 a barrel. But the price increase encouraged shale oil producers of non - American participants in the agreement to increase production. " The
committee said , " It is aware that certain factors such as low seasonal demand and refinery maintenance and rising non - OPEC supply has led to the increase in crude oil inventories. The organization also pointed to the financial players to liquidate positions. "
She said , " But the refinery maintenance season and the slowdown marked the end of the increase in US inventories as well as floating storage retreat will support the positive efforts to stabilize the market. "
The oil minister Jabbar Ali Allaibi told reporters ahead of the meeting that there are some encouraging factors that predict that the oil market is improving and that Iraq will support any steps to bring stability to the price if agreed upon by all members of Oopk.anthy

http://alforatnews.com/modules/news/article.php?storyid=140463

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