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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


    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +"

    Rocky
    Rocky
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    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +" Empty Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +"

    Post by Rocky Fri 25 May 2018, 5:49 am


    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +" to reduce production

    11:24 - 25/05/2018
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    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +" %D8%A7%D9%84%D9%86%D9%81%D8%B7-1-696x435
    Information / follow-up ...
    MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Friday he had discussed with Saudi Energy Minister Khalid al-Faleh the possibility of easing the terms of the OPEC + deal to cut oil production.
    "Yes, we discussed that," Novak told reporters on the sidelines of the Petersburg Economic Forum in response to a question on whether the two sides had discussed easing OPEC conditions. It is noteworthy that OPEC and a number of non-OPEC members have established the so-called "OPEC +", with the aim of stabilizing the oil market.
    They agreed at the end of 2016 in the Austrian capital Vienna to reduce their oil production by about 1.8 million barrels per day from the level of October 2016.
    Russia's share of the reduction amounted to 300 thousand barrels and the agreement was concluded in the first half of 2017, and then was extended until the end of 2018. / 25

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    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +" Empty Oil fell with a "softening" Russian signal

    Post by Rocky Fri 25 May 2018, 5:50 am


    Oil fell with a "softening" Russian signal

    11:30 - 25/05/2018
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    Russia is discussing with Saudi Arabia the possibility of easing the terms of the agreement "OPEC +" %D8%A7%D9%84%D9%86%D9%81%D8%B7-4-696x435
    Information / follow-up ...
    The price of crude oil fell below $ 80 a barrel on Friday, with Russia's oil minister saying on Thursday that OPEC and outside producers' agreement to cut production could be "gradually eased". However, markets expect the price level to continue because of sanctions on Iran and Venezuela. For lack of supply.
    Brent crude for Friday delivery fell slightly to $ 78.63 a barrel, 2.2 percent lower than the recent high of $ 80.50 a barrel on May 17.
    US light crude fell Friday to $ 70.60 a barrel.
    OPEC will hold its meeting next month to discuss the oil market and follow up the commitment of its members and producers from outside, especially Russia, to the agreement to control output by cutting 1.8 million barrels per day of supply to balance demand.
    Russian Energy Minister Alexander Novak said on Thursday that restrictions on production quotas agreed between OPEC and non-Opec producers could be "phased out" if OPEC sees in the June meeting that the supply and demand equation is balanced.
    Market experts believe that a number of Opec members may also follow Russia's example in "easing" quotas on production quotas, but the crucial factor in the supply equation remains for countries with additional production capacity such as Saudi Arabia, OPEC's largest producer.
    Analysts have agreed that oil prices will remain high and circulate around the $ 80 barrier because of concerns about continuing production shortages from countries such as Angola and Venezuela, and the prospect of a decline in Iran's output due to US sanctions, as Washington withdraws from a nuclear deal with Tehran.
    Some energy market observers say the price of Brent crude is likely to rise to $ 100 a barrel by the end of next year or next year, with Iran's output likely to fall sharply as a result of US sanctions and continued pressure on Venezuela, which is steadily reducing production.


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