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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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UAE: Increasing oil production is hurting Opec's efforts

rocky
rocky
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Posts : 208422
Join date : 2012-12-21

 UAE: Increasing oil production is hurting Opec's efforts Empty UAE: Increasing oil production is hurting Opec's efforts

Post by rocky Tue 25 Jul 2017, 4:05 am


UAE: Increasing oil production is hurting Opec's efforts



2017/07/25 11:11

UAE Minister of Energy Suhail Al Mazroui announced that any increase in short-term oil production would hurt the market.

Al-Mazrouei said in a television interview with Al-Iktissad News, "Shale oil is one of the main and important oil in the market, and the increase in its production in a short period harms the balance of the market and harms what we do in OPEC," adding that "rock oil will not compensate for the reduction of production In oil, which was done by OPEC and members from outside months ago. "

Al Mazrouei expressed his optimism about the growth of demand for oil, noting that "global demand for oil will rise in the second half of 2017."

"The UAE is committed to the levels of oil production reduction," he said. "It is too early to talk about further cuts in production levels."

https://hathalyoum.net/articles/1335198-%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%B5%D8%AE%D8%B1%D9%8A-%D8%AA%D8%B6%D8%B1-%D8%A8%D8%AC%D9%87%D9%88%D8%AF-

    Current date/time is Thu 27 Jan 2022, 8:09 pm