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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


    OPEC: oil producers are heading towards oversupply global markets Filter

    Rocky
    Rocky
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    Posts : 270539
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    OPEC: oil producers are heading towards oversupply global markets Filter Empty OPEC: oil producers are heading towards oversupply global markets Filter

    Post by Rocky Tue 23 Feb 2016, 2:19 am

    [ltr]OPEC: oil producers are heading towards oversupply global markets Filter[/ltr]

     Since 02.23.2016 at 09:02 (Baghdad time)
    [ltr]OPEC: oil producers are heading towards oversupply global markets Filter 24[/ltr]
    [ltr]Follow-up - the balance of News[/ltr]
    [ltr]Secretary-General of the Organization of Petroleum Exporting revealed that the top oil producers in the world has been studying "other steps" for the liquidation of oversupply in the global markets if successful preliminary agreement to freeze production for several months.[/ltr]
    [ltr]And Abdullah al-Badri said in Houston that "shale oil producers Americans Cisaron to resume operations if prices recovered to $ 60 from $ 30 a barrel currently, referring to the" shale oil projects "do not know how I shall live together."[/ltr]
    [ltr]"The decline in prices more than 70 percent in 20 months does not look like boarding previous sessions and downs."[/ltr]
    [ltr]"If prices go up in 2017 or 2018, the US shale oil Sakbh the rise of the price. That is the difference this time."[/ltr]
    [ltr]The new-Badri emphasized its readiness to work with oil producers inside OPEC and outside to drain the glut of global supply, which reduced prices to their lowest levels in more than ten years, saying that the agreement in principle to freeze production reached Saudi Arabia, Russia and other producers last week is just the beginning.[/ltr]
    [ltr]"The first step to freeze production. May take in the event of success other steps in the future."[/ltr]
    [ltr]But Iran, which is a major obstacle to the agreement after it pledged to increase production strongly since the lifting of sanctions last month, did not officially sign the agreement so far, casting doubt on its application.[/ltr]
    [ltr]Badri said OPEC would like to wait for three or four months to see if it would hold.[/ltr]
    [ltr]He told hundreds of executives for international oil companies that he was ready to talk with US officials on the collapse of oil prices.[/ltr]
    [ltr]But he did not mention the procedure that might expect from US producers type.[/ltr]

    [ltr]Most observers did not expect that prolonged the current decline in oil prices in this way does not have to be that severe, but some officials have already begun to appear to fear that the sharp cuts in capital spending for two consecutive years may lead to a lack of crude oil supply for several years in the future. Ended 29 / 4e[/ltr]


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