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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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    With the participation of Iraq... Oil reviews the objectives of the upcoming "OPEC Plus" meeting

    Rocky
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    With the participation of Iraq... Oil reviews the objectives of the upcoming "OPEC Plus" meeting Empty With the participation of Iraq... Oil reviews the objectives of the upcoming "OPEC Plus" meeting

    Post by Rocky Sun 31 Jul 2022, 10:34 am

    With the participation of Iraq... Oil reviews the objectives of the upcoming "OPEC Plus" meeting

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    Economy News_Baghdad
    Today, Sunday, the Oil Ministry set the objectives of the upcoming OPEC Plus meeting, with the participation of Iraq.
    The ministry’s spokesman, Assem Jihad, told the official news agency, “OPEC Plus does not neglect the gains it has achieved during the past period,” noting that “normally, periodic meetings are held, their timings are predetermined by the General Secretariat of the Organization of Petroleum Exporting Countries, OPEC, and with the agreement of the ministers of member states. in OPEC and its allies from outside it.
    Jihad added that "these meetings aim to follow up and discuss the developments of the oil market, and to review the technical reports prepared by the research authorities in the organization on the reality of the global market, the variables, influences and current and future expectations, and all that surrounds the global markets of factors and conditions that may lead to an imbalance between supply and demand." ".
    He continued: "This requires setting the necessary recommendations for the plans of the organization and the producing countries allied with it, for their approval and approval by the ministers," noting that "the OPEC agreement to cut production has contributed greatly to reducing the repercussions and impact of the health, security, economic and political crises on price stability." Crude oil in world markets.
    He pointed out that "the world and OPEC face many challenges, including health challenges, political challenges, security challenges, and certainly the most prominent challenge now is the Russian-Ukrainian war and its repercussions on the energy market and the global economy, represented by causing great confusion and concern in the demand for gas and oil, especially in Europe and this extended to other countries, as well as the repercussions of sanctions on Russia, which is the second largest producer in OPEC Plus, and the search for sources to drain its oil.
    He explained, "The use of gas by Russia as a pressure card to confront the European gas consuming countries made the consuming countries face a great challenge to search for alternatives in the absence of an alternative to compensate them within a short period, and this also contributed to the confusion of the global demand for gas."

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    Added 07/31/2022 - 4:03 PM
    Update 07/31/2022 - 6:33 PM


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