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UAE: Oil market improves
Date: 04/18/2017 11:05
Petroleum
Information / Baghdad ..
Minister of Energy of the UAE Suhail Al Mazroui, on Tuesday, the oil market is improving and that the level of his country's commitment to a member of the OPEC agreement to cut production aims to support the price of one hundred percent.
Said Mazrui during the effectiveness of the anniversary was held on the occasion of the fifty percent of Thomson Reuters in the Middle East that "any decision to extend the agreement for more than six months will be due to all producers."
He said he expected good growth in demand for oil this year and it is expected to decline in world oil stocks.
And it pledged the Organization of the Petroleum Exporting Countries (OPEC) to cut production by 1.2 million barrels per day as of January this year in the first agreement on the reduction of production since 2008 and pledged to producers from outside the organization to reduce their production by half so much. Finished / 25
http://almaalomah.info/2017/04/18/economic/148512
Date: 04/18/2017 11:05
Petroleum
Information / Baghdad ..
Minister of Energy of the UAE Suhail Al Mazroui, on Tuesday, the oil market is improving and that the level of his country's commitment to a member of the OPEC agreement to cut production aims to support the price of one hundred percent.
Said Mazrui during the effectiveness of the anniversary was held on the occasion of the fifty percent of Thomson Reuters in the Middle East that "any decision to extend the agreement for more than six months will be due to all producers."
He said he expected good growth in demand for oil this year and it is expected to decline in world oil stocks.
And it pledged the Organization of the Petroleum Exporting Countries (OPEC) to cut production by 1.2 million barrels per day as of January this year in the first agreement on the reduction of production since 2008 and pledged to producers from outside the organization to reduce their production by half so much. Finished / 25
http://almaalomah.info/2017/04/18/economic/148512
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