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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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For the first time since the end of 2014 the price of a barrel of crude oil exceeds $ 71

rocky
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For the first time since the end of 2014 the price of a barrel of crude oil exceeds $ 71 Empty For the first time since the end of 2014 the price of a barrel of crude oil exceeds $ 71

Post by rocky Thu 25 Jan 2018, 2:36 am

For the first time since the end of 2014 the price of a barrel of crude oil exceeds $ 71



For the first time since the end of 2014 the price of a barrel of crude oil exceeds $ 71 5358



Brent crude oil futures, due in March on London's ICE, rose $ 1.5 to $ 71.01 a barrel. 
And the last time the price of a barrel of oil of this type $ 71 on December 3, 2014, while the seventh meeting of the Monitoring Committee of the Organization of the Petroleum Exporting Countries and the Organization of the Petroleum Exporting Countries and non-oil exporters from outside the bloc on 21 January 2018. 
Ministers discussed at this meeting the current result To implement the production reduction agreements, noting before the meeting that the level of implementation of the agreement last year averaged 107 percent. 
The deal to cut oil production between OPEC and other producers was continuing for the second year. Under the agreement reached in late November 2017, participants will be committed to reducing production by the end of this year.
Russia, Saudi Arabia and 22 other countries have agreed to cut output a year ago to stabilize supply and demand, remove the record crude oil surplus in the markets and surpass the average of five years by 380 million barrels. 
 Around 2017, oil exporters generally succeeded in meeting their obligations. Thanks to the full commitment of quotas by countries such as Russia, Saudi Arabia, Venezuela and Mexico, the overall level of compliance has exceeded 100%. 
By December, OPEC had announced that excess oil stocks had shrunk to 220 million barrels.





http://economy-news.net/content.php?id=10792

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