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OPEC source: Gulf states will keep the quarterly production below its level a year ago
2018/01/14 16:16
(Encyclopedia of this Day News | Iraq News ) - Follow - up / Tomorrow Press: OPEC source said on Sunday that Gulf producers plan to keep oil production in the first quarter below its level before the Aam.oadav source for "Reuters", the "Gulf producers intend To keep their oil production in the first quarter less than a year ago, "explaining that" Gulf producers want to make sure to remove the surplus in commercial oil stocks that have accumulated over the past three years.
"The current rise in oil prices is supported by strong demand growth and a drop in supply surplus," said Suhail al-Mazrouei, the UAE's energy minister. "The control committee meets with producers from within and outside OPEC in Oman on the 21st of this month, "US energy companies recorded the largest weekly increase in the number of oil drilling platforms operating since June, with crude prices rising to a three-year high." Economic data showed that US companies introduced ten new drilling platforms last week, Total drilling works to 752 h Fara, the highest level since September.
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"The current rise in oil prices is supported by strong demand growth and a drop in supply surplus," said Suhail al-Mazrouei, the UAE's energy minister. "The control committee meets with producers from within and outside OPEC in Oman on the 21st of this month, "US energy companies recorded the largest weekly increase in the number of oil drilling platforms operating since June, with crude prices rising to a three-year high." Economic data showed that US companies introduced ten new drilling platforms last week, Total drilling works to 752 h Fara, the highest level since September.
Note: The content (OPEC source: the Gulf countries will keep the quarterly production below its level a year ago) was published first on the site (Al-Ghad Press) and does not bear the encyclopedia of this news day content in any way.
You can see the details of this title (source in OPEC: Gulf countries will keep the quarterly production below its level a year ago) through its original source any (Al-Ghad Press).
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