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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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    The decision of "OPEC Plus" to reduce oil production... Economists talk about Iraq's losses

    Rocky
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    • Post n°1

    The decision of "OPEC Plus" to reduce oil production... Economists talk about Iraq's losses Empty The decision of "OPEC Plus" to reduce oil production... Economists talk about Iraq's losses

    Post by Rocky Tue 25 Apr 2023, 4:15 am

    [size=35][size=35]The decision of "OPEC Plus" to reduce oil production... Economists talk about Iraq's losses[/size]
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    Economy

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    2023-04-25 | 04:01
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    Alsumaria News - Economy

    The oil markets were surprised by the recent announcement by the "OPEC Plus" producers' alliance of a voluntary cut in oil production by 1.6 million barrels per day from the beginning of May 2023 until the end of the current year, in addition to the cut previously announced by the alliance in October. The first is 2022, by two million barrels per day from November 2022, which contradicts US calls for OPEC Plus to pump more.


    *losses[You must be registered and logged in to see this link.]
    The economist said[url=https://www.alsumaria.tv/Entity/2551189535/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url]In a Facebook post, he said, "Total production cuts[You must be registered and logged in to see this link.]Plus, in recent months, it amounted to about 3.7 million barrels per day, which means endurance[You must be registered and logged in to see this link.]The burden of adjusting prices in the global oil market and maintaining oil prices above $80 per barrel in light of the inflationary stagnation crisis that the world is currently suffering from.
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    He added, "This policy does not leave a negative impact on Saudi Arabia[You must be registered and logged in to see this link.]They are currently buying Russian oil products and preserving their export capacity of crude oil, but in return this policy led to a loss[You must be registered and logged in to see this link.]part of the Indian market, as Iraqi oil exports decreased to[You must be registered and logged in to see this link.]From more than one million barrels to about 830 thousand barrels per day, while it doubled[You must be registered and logged in to see this link.]exports to[You must be registered and logged in to see this link.]more than 22 times to displace[You must be registered and logged in to see this link.]Forefront when issued[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]

    Currently , it is
    1.6 million barrels per day.
    ”

    [You must be registered and logged in to see this link.]: 500 thousand barrels per day (previously announced from March)

    [You must be registered and logged in to see this link.]: 211 thousand barrels per day

    Kuwait: 128 thousand barrels per day

    UAE: 144 thousand barrels per day

    Kazakhstan 78 thousand barrels per day

    Algeria: 48 thousand barrels per day

    Oman: 40 thousand barrels per day

    Gabon: 8 thousand barrels per day

    Experts believe that the OPEC + group is trying to maintain the oil price $80 per barrel through these measures, in the medium term, while the expert said[url=https://www.alsumaria.tv/Entity/2576976330/%D8%AA%D9%8A%D9%86%D8%A7 %D8%AA%D9%8A%D9%86%D8%BA/ar/]Tina Ting[/url]To the American “CSBC” network, “OPEC + is, in fact, aspiring to reach the price of a barrel of $100.”

    Goldman Sachs analysts said the move was surprising, but consistent with the new OPEC+ doctrine of acting proactively. According to them, OPEC can make this type of decision without significant losses in market share.

    Oil prices had soared with the invasion[You must be registered and logged in to see this link.]Ukraine, its neighbor, in late February last year, but prices have recently fallen back to their pre-war level.[/size]
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