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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

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


    Iraq's decision to extend the benefit of the oil

    Rocky
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    • Post n°1

    Iraq's decision to extend the benefit of the oil Empty Iraq's decision to extend the benefit of the oil

    Post by Rocky Thu 01 Jun 2017, 3:35 am

    Iraq's decision to extend the benefit of the oil



    06/01/2017 0:00

    Morning / Agencies
    extended the Organization of Petroleum Exporting "OPEC" to reduce oil production , a nine - month agreement with a view to the withdrawal of surplus production and an increase in oil prices to $ 60 and the face of any deterioration in crude prices. Iraq and a day make a profit of $ 10 million, according to the International Energy Agency, and the price of oil rose about 1.5 percent to $ 52.26 Iraqi oil is sold at a price lower than the world 's oil by about 7 dollars per
    barrel.
    The Iraq crude oil production 4.7 million barrels per day , while the daily exports of 3.9 million barrels
    per day.
    Iraq agreed on 30 November to cut oil production by 210 thousand barrels per day after OPEC member states agreed on the first cut oil production since 2008, and by 1.2 million barrels per day.
    To oil prices remained weak on Monday after being undermined by the continuing increase in the number of drilling rigs in the United States - led campaign "OPEC" to limit the supply of
    oil.
    Futures prices fell Brent crude for another five cents to close it to $ 52.10 a barrel at 0150 GMT.
    Futures contracts for WTI and US prices remained mediator less than $ 50 a barrel , falling eight cents to 49.72
    dollars.
    The countries of "OPEC" and some oil - producing countries from outside "OPEC" agreed last week to extend the pledge to cut production about 1.8 million barrels per day until the end of the first quarter of 2018.
    However , this decision did not go to the extent to which it was hoped for by many investors.
    The tentative agreement walked since January will end in June this year, and despite the constant reductions in oil prices did not rise much above $ 50
    a barrel.

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