Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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


The Iraqi government 's economy depends on the OPEC agreement to increase production and expects sta

rocky
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The Iraqi government 's economy depends on the OPEC agreement to increase production and expects sta Empty The Iraqi government 's economy depends on the OPEC agreement to increase production and expects sta

Post by rocky Sun 24 Jun 2018, 3:31 am

[size=32]
The Iraqi government 's economy depends on the OPEC agreement to increase production and expects stability in the oil markets[/size]
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 2 hours ago




(Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) has reached an increase in oil production from July, the oil minister said.

Oil Minister Jabbar al-Luaibi said after the end of the fourth ministerial meeting of producers from the Organization of Petroleum Exporting Countries (OPEC) and outside producers on Saturday to reporters that the planned increase accounts for 1 percent of global supplies of crude oil, equivalent to 700-800 thousand Barrels per day after forcing producers to return to the reduction rates set in the previous agreement at one million and 800 thousand barrels, after the past period exceeded some producers of the reduction rates, which exceeded 100%, which generated the need to strengthen the market in new quantities after the return to the commitment.

The oil minister expected that this decision will contribute to the stability of world oil markets.

The ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) had decided in Friday's meeting on the commitment of member states by 100% of the reduction, and this does not mean adding an additional 1 million new barrels at the level of the previous reduction of the total Producing countries, which is at one million and 800 thousand barrels per day, but will be compensated from the return to the commitment of 100%.

"The decision of the Organization was presented at the Fourth Producers' Meeting on Saturday, which includes producers from within the Organization of Petroleum Exporting Countries (OPEC) and abroad," Jihad said. "This decision will give more confidence to consumers and strengthen the unity and strength of the Organization and producers outside it in achieving balance and stability. Required for global oil markets.




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