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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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Qatar: We are committed to the decision to reduce the production of "OPEC"

rocky
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 Qatar: We are committed to the decision to reduce the production of "OPEC" Empty Qatar: We are committed to the decision to reduce the production of "OPEC"

Post by rocky Wed Oct 25, 2017 4:40 am

[size=30]Qatar: We are committed to the decision to reduce the production of "OPEC"[/size]
25/10/2017 10:41 | Number of readings: 25
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[rtl]Trend Press / Doha[/rtl]
 
[rtl]Qatar's Energy and Industry Minister Mohammed bin Saleh al-Sada said his country is committed to the decision to reduce production, which was adopted by the Organization of Petroleum Exporting Countries (OPEC) at its meeting last December.[/rtl]
[rtl]In a statement to reporters on the sidelines of the International Conference on Cooling and Heating of the Regions, which opened in Doha today, Al-Sadi stressed the importance of the agreement to reduce production and the benefits of commitment to it.[/rtl]
[rtl]In early 2017, OPEC members and independent producers began cutting production by 1.8 million barrels per day (bpd) for six months and extended in May for another 9 months ending in March 2018 in a bid to restore stability to oil markets.[/rtl]
[rtl]"The reduction in production has been positively reflected on the world oil market and the latest balance in it," he added.[/rtl]
[rtl]"The commitment of the OPEC countries and beyond, with the agreed reductions of 1.8 million barrels per day, exceeded 100 percent."[/rtl]
[rtl]"If the next conference sees the need to extend the production reduction agreement, Doha will support it," he said.[/rtl]
[rtl]Crude oil markets around the world are suffering from oversupply and limited demand amid steps being taken by FAO and independent producers to cut oil stocks.[/rtl]
[rtl]A crisis has gripped the Gulf since June 5, after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut ties with Qatar and imposed punitive measures on the grounds of "supporting terrorism."[/rtl]


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