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Iraq joins the UAE and Qatar in an invitation to maintain oil cuts

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rocky
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Iraq joins the UAE and Qatar in an invitation to maintain oil cuts

Post by rocky on Sun 14 Jan 2018, 4:03 am

Iraq joins the UAE and Qatar in an invitation to maintain oil cuts












Alsumaria News / Baghdad 
joined Iraq , the UAE and Qatar to call maintain oil cuts in OPEC producers demand and allied commitment to agreeing to cut oil production until the end of the year despite the recent gains in prices. "The reduction of production by the Organization of Petroleum Exporting Countries (OPEC) and other members of the producers contributed to stability in the oil market," 

Bloomberg quoted Iraqi Oil Minister Jabbar al- Luaibi as saying at a conference in Abu Dhabi. To maintain the oil ceiling. "

The OPEC deal with other suppliers in November helped curb production until the end of 2018, lifting Brent crude briefly above $ 70 a barrel last week. 

"There are some sources here and there suggest that the market is now booming healthy prices, so let's talk about ending the freeze," said Allaibi, noting that "this is the wrong judgment, we do not agree with the concept." 

"We hope that the whole dynamic will continue throughout 2018," he said. "The deal must continue. The market is now stabilizing in one way or another but it is not yet stable." 

The Sultanate of Oman , the biggest Arab producer outside OPEC joined cuts in the volume of exports of crude oil, saying that it was premature to discuss the issue of reducing the cuts before the end of this year , despite fears of a possible rise in the prices of oil shale.




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