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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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    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting

    Rocky
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    • Post n°1

    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting Empty Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting

    Post by Rocky Sun 13 Jan 2019, 3:24 am

    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting of OPEC

    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting 1201913122611498315437

      Saudi Energy Minister Khalid al-Falih said on Sunday he saw no need for an extraordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) before April. 

    Al-Falih made the remarks at the World Energy Forum held in Abu Dhabi. 

    The Saudi Energy Minister said during the forum that the oil marketglobal on the right track, expected that the market will return to balance quickly.
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    Rocky
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    • Post n°2

    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting Empty Saudi energy minister describes speculators in the oil market of the flock

    Post by Rocky Sun 13 Jan 2019, 3:47 am

    Saudi energy minister describes speculators in the oil market of the flock


    Sunday, January 13,
    -+


    Khaled Al-Falih: The world oil market is on track and there is no need for an extraordinary meeting NB-257761-636829685817772597


    minister described the Saudi Energy Khaled Al - Faleh , Sunday, the oil market speculators as "herd", at a time between the oil market will return to balance, said there was no need for an extraordinary meeting of the "OPEC". 

    " The oil market is on the right track and will return to balance quickly but the producers are ready to do more when needed, " Al-Falih told Reuters news agency. "We look beyond the clamor of weekly data and the behavior of speculators like the behavior of the herd. I am still convinced that we are on the way And that the oil market will quickly return to balance. "
    "Secondary sources indicate that the OPEC production in December actually decreased by more than 600 thousand barrels per day than it was in November," adding that "if we find that there is a need to do more we will do in agreement with partners in OPEC and from outside Where cooperation is also necessary. " 

    "He does not see the need for an extraordinary meeting of OPEC before April, when production policy is to be decided for the rest of 2019," he said. 

    The Organization of the Petroleum Exporting Countries (OPEC) and other major producers, led by Russia, agreed in December. To cut output by 1.2 million barrels per day (bpd) from January to prevent a supply oversupply and to support low prices.



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