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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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    Saudi Arabia: Marine inventory is behind the rise in oil prices not

    rocky
    rocky
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    Saudi Arabia: Marine inventory is behind the rise in oil prices not Empty Saudi Arabia: Marine inventory is behind the rise in oil prices not

    Post by rocky Thu Apr 20, 2017 4:19 am

    Saudi Arabia: Marine inventory is behind the rise in oil prices not

    Date: 04/20/2017 10:53
    oil

    Information / Baghdad ..

    The Saudi Energy Minister Khaled al-Faleh, said Thursday that Saudi Arabia is committed to doing the right steps in order to restore market balance, pointing out that the marine inventory is behind the rise of the non-oil.

    The newspaper "life" and was quoted by al-Faleh was quoted as saying in response to a question dealt with the cause of high oil supply despite «OPEC» and the productive commitment of about 98 percent of the reductions of production, it said that "part of the marine inventory, which was oil traders keep it for the future began to appear in the markets." .

    He added that "the first quarter of the year always witness inventory building, and in the second quarters traditionally and third push market factors to reduce inventory, and if we helped the market to cut OPEC production will be decreasing inventory faster, and if we look at the OECD figures we see that there is a reduction in inventory."

    The paper quoted a senior OPEC source confirmed the possibility to extend production cuts a few months is not necessarily an agreement for six months, but less time, but this will depend on the «OPEC» and countries outside the agreement. Finished / 25

    http://almaalomah.info/2017/04/20/economic/149057

      Current date/time is Thu Mar 30, 2023 5:20 am