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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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Expectations of OPEC extension to reduce oil production

rocky
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Expectations of OPEC extension to reduce oil production Empty Expectations of OPEC extension to reduce oil production

Post by rocky Fri Oct 13, 2017 4:09 am

Expectations of OPEC extension to reduce oil production
In the economy of  October 13, 2017
Expectations of OPEC extension to reduce oil production 3743AF36-26BD-48C8-A98C-42C3CD2D619E-953-000000D631BECF7B-620x330





The World Oil Research Unit at Standard & Poor's Global Plas and the founder of Pira Energy, Gary Ross, said OPEC is likely to extend oil production cuts for six months at its meeting in March. 
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to increase production by one million barrels per day again unless prices rise.

If Saudi Arabia felt that the market needed further cuts in the few hundred thousand barrels, it would.
Ross pointed out that the cuts may become essentially permanent, according to Reuters news agency.


http://sngiq.net/wordpress/?p=91580

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