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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


    Oil Minister: Iraq supports the extension of the OPEC agreement to reduce oil production

    Rocky
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    • Post n°1

    Oil Minister: Iraq supports the extension of the OPEC agreement to reduce oil production Empty Oil Minister: Iraq supports the extension of the OPEC agreement to reduce oil production

    Post by Rocky Fri 07 Jun 2019, 1:59 am

    Oil Minister: Iraq supports the extension of the OPEC agreement to reduce oil production

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    Iraq supports the extension of the current agreement between OPEC and its allies to reduce oil production, Oil Minister Thamer Ghadhban said, adding that more serious action should be taken in the light of recent market developments.
    Al-Ghadhban said that the current 1.2 million barrels per day (bpd) production cut, due to expire this month, has proved "partially effective" in reducing oil stocks and helping stabilize the market.
    "But recent developments have shown the need for more serious action," he said on the sidelines of the sector in St. Petersburg.

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    Rocky
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    • Post n°2

    Oil Minister: Iraq supports the extension of the OPEC agreement to reduce oil production Empty Faleh: OPEC is close to approving the extension of the oil agreement

    Post by Rocky Fri 07 Jun 2019, 6:33 am

    Faleh: OPEC is close to approving the extension of the oil agreement

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    Saudi Energy Minister Khalid al-Faleh said on Friday that OPEC is close to agreeing to extend the oil production agreement after June, but the question is how to achieve fit with the participating countries outside the organization.
    The Organization of the Petroleum Exporting Countries (OPEC), Russia and other non-OPEC producers agreed in December to cut production by 1.2 million bpd from January 1 to the end of this month. Participants in the agreement are due to meet in the coming weeks to decide on the next move.
    "On the OPEC side the extension is almost guaranteed ... the question is to determine" the position of producers from outside the organization, "said the Saudi Energy Minister at an economic forum in St. Petersburg in Russia.
    "I hope it will be an easy decision and we will all be extended, but if this is not done, we will be flexible in terms of our position in the Kingdom," he said.
    He saw no need to deepen the reduction of supplies.
    The minister said earlier that he did not want to engage in a race to increase oil production to compensate for falling prices, saying that a return to the situation of price collapse in 2014-2015 would not be acceptable.
    "The ideal balance in the oil market has not materialized and the market is affected by factors beyond OPEC's control," he said.

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