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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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    Amman hosts an OPEC meeting at the end of this month

    Rocky
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    • Post n°1

    Amman hosts an OPEC meeting at the end of this month Empty Amman hosts an OPEC meeting at the end of this month

    Post by Rocky Wed 10 Jan 2018, 2:50 am

    [size=30]Amman hosts an OPEC meeting at the end of this month[/size]
    10/01/2018 11:46 | Number of readings: 1
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    Trend Press / Agencies
     
     
    Oman will host the seventh meeting of the Joint Ministerial Committee of the Organization of Petroleum Exporting Countries (OPEC) and non-member producers on January 21, the Ministry of Oil and Gas announced on Wednesday.
     
    This came in a tweet published by the Ministry of Oil and Gas in the Sultanate of Oman today, at its official expense on the social networking site "Tautir".
     
    This is the first ministerial meeting this year (2018), paving the way for further cooperation between OPEC members and outside the new year.
     
    Members of OPEC and independent producers led by Russia began in early 2017 to cut output by 1.8 million barrels per day (bpd) for six months and then extended until the end of March 2018.
     
    On November 30, 2017, the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend the oil production cut by an additional 9 months ending in December 2018, amid steps being taken by FAO and independent producers to cut oil stocks.
     
    For his part, described the oil expert, Ahmed Hassan Karam, the meeting as a coordination consultation to review the decision to reduce production and its impact on the price of oil desired.
     
    "It is not expected that there will be important and influential decisions in this meeting," Karam said in a telephone conversation with Anadol from Kuwait.
     
    "The meeting may be discussing the unrest in Iran and its impact on oil prices, but no decision will be taken in this regard."
     
    Oil prices this year have hit their highest level since May 2015, and global benchmark crude has surged above $ 68 a barrel, buoyed by continuing tensions and unrest in Iran.
     
    "There are more details about the meeting that will be announced during a preliminary conference to be held next Sunday morning," the ministry said.
     
    A number of heads of delegations and representatives of OPEC member states and non-member producers are expected to attend the ministerial meeting.
     


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