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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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OPEC: The success of the cut production agreement tempts others to join

rocky
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  • Post n°1

OPEC: The success of the cut production agreement tempts others to join Empty OPEC: The success of the cut production agreement tempts others to join

Post by rocky Sat 25 Nov 2017, 3:29 am


OPEC: The success of the cut production agreement tempts others to join

11:41 - 25/11/2017


OPEC: The success of the cut production agreement tempts others to join %D8%A7%D9%88%D8%A8%D9%8322-696x435
Information / Baghdad ..
OPEC Secretary-General Mohamed Barkindo said on Saturday that many producers outside the cut-off agreement have shown interest in joining the deal after they have seen the recent positive effects on the market in terms of price recovery and reduced stock surplus. 
"The meeting will discuss many of the offers to join the agreement or even the membership of the Organization," Barkindo said in remarks to the Saudi newspaper "Al-Iqtisadiya", stressing "OPEC's interest in following up the political developments in different countries of the world and their implications for the stability and growth of the market. Oil ".
He added that "the next meeting will focus on the economic fundamentals of the market, foremost balance of supply and demand and the return of stocks to normal health levels and try to spare the market the impact of geopolitical factors as much as possible."
Barkindo explained that "the meeting will also focus on the need to continue to support and support long-term cooperation between the countries," OPEC "and outside," noting that "cooperation in the current form is a fascinating experiment, which includes 24 major products in the market, which allowed the restoration of a lot of stability in the markets And formed a basis and framework for broader cooperation in the coming period. "
Barkindo stressed that "the consultations between the producers have not ceased since the implementation of the agreement in January this year and that the idea of ​​extension is strongly on the agenda of producers in the next meeting and other mechanisms to maintain market stability and study the impact of all variables and developments affecting the oil market, Political conflicts ".
Barkindo said that "OPEC and its partners from outside the Organization will continue during the next meeting and subsequent meetings to move forward in the path of restoring balance and stability to the market," pointing out that "data on the market has finally made good progress as global stocks have fallen and the global economic outlook has become very positive We see strong demand in the future and we can say that we are already on the road to stability. "
The next ministerial meeting of OPEC member countries is due to be held next Thursday, followed by the third ministerial meeting of producers and their non-OPEC members. The meeting will also mark the first anniversary of the launch of the historic cooperation agreement between OPEC producers "And beyond. Ending / 25

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