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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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    Saudi Arabia is exerting pressure to extend oil supplies

    Rocky
    Rocky
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     Saudi Arabia is exerting pressure to extend oil supplies Empty Saudi Arabia is exerting pressure to extend oil supplies

    Post by Rocky Sun 26 Nov 2017, 2:48 am

    [size=30]Saudi Arabia is exerting pressure to extend oil supplies[/size]
    26/11/2017 10:48 | Number of readings:
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     Saudi Arabia is exerting pressure to extend oil supplies Thumbnail.php?file=lvl2k20171122054028_814153399
    Trend Press / Agencies
     
    Reuters Saudi Arabia is putting pressure on oil ministers to agree next week to extend supply cuts for an additional nine months, Reuters said, quoting private sources.
    "The Saudis are pushing for a nine-month decision in November," said a senior oil industry source, who asked not to be identified.
    Opec producers and 10 producers, including Russia, are cutting oil production by 1.8 million bpd by March 2018 and will discuss extending the deal at a November 30 meeting in Vienna.
    The supply agreement aims to reduce oil stocks in industrialized countries to an average of five years and the latest data indicate that OPEC has cut more than half the way in this direction.



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