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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Kuwaiti oil minister: Sunday meeting will not discuss exit strategy

    Rocky
    Rocky
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    Kuwaiti oil minister: Sunday meeting will not discuss exit strategy Empty Kuwaiti oil minister: Sunday meeting will not discuss exit strategy

    Post by Rocky Sun Jan 21, 2018 4:33 am

    Kuwaiti oil minister: Sunday meeting will not discuss exit strategy


    Kuwaiti oil minister: Sunday meeting will not discuss exit strategy 5217
    Kuwait's oil minister said the meeting of the joint ministerial committee overseeing the implementation of the global agreement to cut crude production would not discuss an exit strategy from the agreement on Sunday.
    "Any discussion regarding the current cuts will be at the June meeting," Bakhith al-Rashidi told reporters on the sidelines of the ministerial committee meeting.
    Opec, backed by Russia and other independent producers, began cutting output a year ago to trim the exhibition surplus, which had accumulated over the past two years.



    Rocky
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    Kuwaiti oil minister: Sunday meeting will not discuss exit strategy Empty Kuwaiti oil minister: Muscat meeting will not discuss exit from production cut agreement

    Post by Rocky Sun Jan 21, 2018 6:16 am

    Kuwaiti oil minister: Muscat meeting will not discuss exit from production cut agreement






    2018/01/21 13:08


    (Encyclopedia of this Day News | Iraq News ) - Kuwait - directly: Oil Minister of Kuwait, electricity and water, on Sunday, that theJoint Ministerial Committee , which oversees the application of reduced crude production agreement meeting will not discuss the exit strategy of the agreement.

    Bakhit al-Rashidi said in a press statement that any discussion of the production reduction agreement will be discussed at the June meeting.

    The ministerial committee of oil production control, which met in Muscat, is held today. The committee includes OPEC member countries: Saudi Arabia, the UAE, Kuwait, Algeria and Venezuela, as well as non-OPEC countries, the Sultanate of Oman and the Russian Federation.

    The Kuwaiti minister said that the agreement contributed to a significant improvement in the fundamentals of the market and continuous withdrawals in the oil reserves contributed to reduce the surplus in the oil reserves in the member countries of the Organization for Economic Cooperation and Development by 221 million barrels.

    He pointed out that the oil agreement contributed to the continued improvement of the commitment of countries in the agreement, reaching 107% in 2017, adding that all countries committed to the agreement.

    In 2016, the Organization of the Petroleum Exporting Countries reached an agreement to cut oil production by 1.8 million barrels per day (bpd) in order to counter supply surpluses and reduce oil prices.

    The agreement between oil producers from within OPEC and beyond was extended until the end of 2018.

    read more..

     Kuwaiti oil minister: 125% commitment to the agreement to reduce production in December

    Kuwaiti oil minister: Any move out of the agreement to reduce production will be "gradually"


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