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Iraq is the extension of the oil supply cut optimization option to restore the balance of crude market
History of edits:: 2017/5/25
{Baghdad: Euphrates News} Oil Minister Ali Jabbar Allaibi on Thursday that the extension of the reduction of the current supply led OPEC to nine months is the perfect choice to restore the balance of crude market.
He added in a press statement that "there is another proposal to extend the nine - month agreement with the deepening of the cuts."
Bracing OPEC oil producers and non - members to extend production cuts today may be for up to 12 months to assist in the discharge glut of global stocks and raise crude prices.
Organization of the Petroleum Exporting Countries looking at Vienna to extend the agreement , which was concluded in December with 11 countries outside the cut in oil production of about 1.8 million barrels per day in the first half of 2017.
Most OPEC ministers expect their delegates and market extension for nine months - instead of the six proposed months initially - as a concept essential but some countries such as Russia hinted to a longer extension of up to 12 months.
The OPEC delegate said , "I think probably nine months, and four delegates concurred opinion Achrin.anthy
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History of edits:: 2017/5/25
{Baghdad: Euphrates News} Oil Minister Ali Jabbar Allaibi on Thursday that the extension of the reduction of the current supply led OPEC to nine months is the perfect choice to restore the balance of crude market.
He added in a press statement that "there is another proposal to extend the nine - month agreement with the deepening of the cuts."
Bracing OPEC oil producers and non - members to extend production cuts today may be for up to 12 months to assist in the discharge glut of global stocks and raise crude prices.
Organization of the Petroleum Exporting Countries looking at Vienna to extend the agreement , which was concluded in December with 11 countries outside the cut in oil production of about 1.8 million barrels per day in the first half of 2017.
Most OPEC ministers expect their delegates and market extension for nine months - instead of the six proposed months initially - as a concept essential but some countries such as Russia hinted to a longer extension of up to 12 months.
The OPEC delegate said , "I think probably nine months, and four delegates concurred opinion Achrin.anthy
[You must be registered and logged in to see this link.]
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