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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's commitment to oil cuts rises during last month

rocky
rocky
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OPEC's commitment to oil cuts rises during last month Empty OPEC's commitment to oil cuts rises during last month

Post by rocky Sat 06 Jan 2018, 2:57 am




OPEC's commitment to oil cuts rises during last month

10:40 - 06/01/2018
0



OPEC's commitment to oil cuts rises during last month %D8%A7%D9%88%D8%A8%D9%8322-696x435
Information / Baghdad ..
NEW YORK (Reuters) - OPEC has increased compliance with the December oil cuts by further cuts in Venezuela's output and further cuts from crude-exporting Gulf states, showing a strong commitment to the deal despite rising prices, a new survey showed.
The survey showed that the commitment to cuts rose to 128 percent from 125 percent in November. The UAE has pumped oil below its OPEC level for the first time since the deal entered into force in January 2017 to join Saudi Arabia and Kuwait.
The Organization of the Petroleum Exporting Countries (OPEC) is cutting production by 1.2 million barrels per day (bpd) under an agreement with Russia and other non-OPEC producers, and the deal will continue until the end of 2018.
Oil prices hit their highest levels since May 2015 this week, supported by falling inventories, strong demand and rising OPEC commitment. Many producers, still suffering from the price collapse in 2014, benefit from higher prices and additional revenues. Ending / 25


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