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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 rise by about 2% after the OPEC agreement

rocky
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Oil prices rise by about 2% after the OPEC agreement Empty Oil prices rise by about 2% after the OPEC agreement

Post by rocky Sat 08 Dec 2018, 2:35 am

Oil prices rise by about 2% after the OPEC agreement 2015_6_24_15_53_44_75-614x330
Oil prices rise by about 2% after the OPEC agreement

Oil prices closed on gains of more than 2 percent after OPEC members and OPEC allies, led by Russia, agreed to cut production to absorb an abundance of global fuel stocks and support the market.
OPEC and its allies agreed on production cuts of 1.2 million bpd starting next year, a move that will be reviewed at a meeting in April.
That figure is higher than the 1 million barrels per day threshold predicted by the market, despite pressure from US President Donald Trump to cut crude prices.
Oil Minister Thamer Ghadhban said after OPEC concluded two days of talks in Vienna that the Organization would cut production by 800,000 barrels per day starting in January, while its allies would contribute further cuts of 400,000 barrels per day.
Russia has pledged to cut production by 228,000 bpd from October's 11.4 million bpd, although it said the cuts would be gradual and take place over a few months.
Brent crude ended the day at $ 1.61, or 2.7 percent, at $ 61.67 a barrel.


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