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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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    OPEC seeks to pump more oil as supply shrinks

    Rocky
    Rocky
    Rocky
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    • Post n°1

    OPEC seeks to pump more oil as supply shrinks Empty OPEC seeks to pump more oil as supply shrinks

    Post by Rocky Sun Sep 23, 2018 4:06 am

    [size=40]OPEC seeks to pump more oil as supply shrinks[/size]


    • September 23, 2018 7:51 p

    • 6







    The Organization of the Petroleum Exporting Countries (OPEC) and its allies reduced their oil production in August, as a drop in Iranian supplies due to US sanctions slowed their attempts to increase production and reach agreed levels.


    This comes as energy producers prepare for talks in Algeria.


    These developments are increasing pressure on the organization to boost production under US President Donald Trump's calls for oil prices to fall.


    A source familiar with the talks told Reuters on Friday that OPEC and its Russian-led allies were studying the possibility of increasing crude supplies by 500,000 barrels per day as US sanctions on Iran, OPEC's third biggest producer, cut Tehran's exports.


    "If there is a proposed increase, there will be an abundance of dissenting views that such an increase would reduce even surplus capacity," said Olivier Jacob of Petromartix Consulting.


    "Saudi Arabia made a mistake in trying to compensate for the loss of Iranian supplies with a timely alternative, but the oil market is looking for greater security in supplies. As a result, rising oil prices are placing oil demand growth at risk. "


    The oil production control committee, which includes OPEC and independent producers, which meets in Algiers this week, concluded that the level of producers' compliance with the supply reduction agreement was 129 percent in August, according to two commissioners.





    http://alrray.org/2018/09/%D8%A3%D9%88%D8%A8%D9%83-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%B6%D8%AE-%D8%A7%D9%84%D9%85%D8%B2%D9%8A%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D8%B9-%D8%AA%D9%82%D9%84%D8%B5-%D8%A5%D9%85/
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