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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


    Because of its inability to cover global demand .. Iraq raises its compliance with the decisions of

    Rocky
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    Because of its inability to cover global demand .. Iraq raises its compliance with the decisions of Empty Because of its inability to cover global demand .. Iraq raises its compliance with the decisions of

    Post by Rocky Fri 11 Feb 2022, 5:39 am

    [size=52]Because of its inability to cover global demand .. Iraq raises its compliance with the decisions of OPEC[/size]

    [size=45]13 OPEC countries pumped 28.19 million barrels per day of crude oil during the month of January, an increase of 150,000 barrels per day from December.[/size]
    [size=45]While the nine non-OPEC countries pumped 13.99 million barrels per day, an increase of 10 thousand barrels per day.[/size]
    [size=45]In a survey, Standard & Poor's Global Platts said 14 out of 18 members had quotas that did not meet their targets, raising the OPEC+ compliance rate to 120.8%, the highest level since the group imposed record production cuts in the spring of 2020 to pull the oil market out of the crash. Epidemiological.[/size]
    [size=45]According to the survey, Iraq faced a production obstruction due to bad weather and technical issues, as it pumped 4.26 million barrels per day in January, a decrease of 50 thousand barrels per day and increased its commitment rate by 105.7%.[/size]
    [size=45]Russia and Saudi Arabia pumped 10.08 million barrels per day in January, and also failed to reach their quotas of 10.122 million barrels per day, while the UAE slightly exceeded its quota in January with a commitment rate of 94.4%, as it pumped 2.93 million barrels per day.[/size]
    [size=45]Venezuela, which is exempt from the quota under the OPEC+ deal, has seen a major slowdown as reduced supplies of thinners slashed production from additional heavy oil fields and the survey found it produced 630,000 bpd in January, down 120,000 bpd.[/size]
    [size=45]Libya, which is exempt from the quota, also saw production of less than one million barrels per day for the first time since October 2020 due to problems in its southwestern and eastern oil fields. As a result of bad weather which also led to a decline in exports.[/size]
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