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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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    Oil: Prices are still below the level of ambition

    Rocky
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    • Post n°1

    Oil: Prices are still below the level of ambition Empty Oil: Prices are still below the level of ambition

    Post by Rocky Tue 12 Jun 2018, 4:11 am

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    [size=32]Oil: Prices are still below the level of ambition[/size]

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    [rtl]Oil Minister Jabbar Ali al-Allaibi said on Monday that oil prices are still below the level of ambition, stressing the need not to monopolize unilateral decisions by some producers without reference to others.[/rtl]
    [rtl]"The producers from within and outside OPEC have not yet reached the goals planned after the historic decision to reduce production," said Allaibi in a statement received "Trend Press" a copy of it, "noting that Iraq is that oil prices are still below the level of ambition and they need to More support, stability and commitment of producers by agreement to fair and realistic prices, and equivalent to the sacrifices made by producers during the past period. "[/rtl]
    [rtl]He added that "Iraq has initiated a reduction in production and the implementation of the agreement of the OPEC countries in the meeting of December 2016 on the determination of production levels and committed to the agreement, and was also from the countries that confirmed the extension in 2017 despite the challenges faced by Iraq and the war against terrorism and need for revenue, Explaining that "all this was in the interest of stability of the global market."[/rtl]
    [rtl]"We have to exaggerate the need for the oil market to pump more oil at the present time, which could cause great damage to the global markets, and may also be interpreted in the wrong way by speculators and consumers, which leads to a significant decline in oil prices and this is unacceptable For us, "rejecting" unilateral unilateral decisions by some producers without reference to the rest of the other members because it may constitute a breach of the agreement in one form or another and may lead to the collapse of the agreement. "[/rtl]


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