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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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    Moscow announces the start of the reduction of Russian oil production

    Rocky
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    • Post n°1

    Moscow announces the start of the reduction of Russian oil production Empty Moscow announces the start of the reduction of Russian oil production

    Post by Rocky Sat Jan 12, 2019 3:19 am

    Moscow announces the start of the reduction of Russian oil production %D9%86%D9%88%D9%81%D8%A7%D9%83-668x350

    [size=32]Moscow announces the start of the reduction of Russian oil production[/size]

    [rtl]19 views[/rtl]

    12/01/2019

    [rtl]Direction / Continue[/rtl]

    [rtl]Russian Energy Minister Alexander Novak said that his country cut oil production in January by more than 30,000 barrels per day under the OPEC + agreement.[/rtl]

    [rtl]"The reduction so far is just over 30,000 barrels per day, compared to the October 2018 level, which is a preliminary figure," Novak said in a press statement in Moscow.[/rtl]

    [rtl]"We are reducing production (..) and is planned to reduce during the month by 50 thousand barrels per day," according to the agency "Tass" Russian.[/rtl]

    [rtl]Novak said that "the date of the next ministerial meeting of OPEC countries has not yet been determined, and is likely to be held in April."[/rtl]

    [rtl]Crude oil markets are on the rise due to increased production and fluctuating demand as a result of expectations of a slowdown in global growth for the next two years and the next; which pushed prices down from the average of $ 86 in October to around $ 60 for Brent crude.[/rtl]

    [rtl]OPEC +, a member of the Organization of the Petroleum Exporting Countries (OPEC), and two independent producers led by Russia.[/rtl]

    [rtl]OPEC began implementing a new agreement to reduce oil production by about 1.2 million barrels per day (bpd) starting in early 2019 for six months.[/rtl]

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