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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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    Bamufad: Oil climbs after the announcement of the Doha meeting to discuss the installation of produc

    Rocky
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    • Post n°1

    Bamufad: Oil climbs after the announcement of the Doha meeting to discuss the installation of produc Empty Bamufad: Oil climbs after the announcement of the Doha meeting to discuss the installation of produc

    Post by Rocky Thu 17 Mar 2016, 3:41 am

    Bamufad: Oil climbs after the announcement of the Doha meeting to discuss the installation of produc -1
    Bamufad: Oil climbs after the announcement of the Doha meeting to discuss the installation of production




    Oil prices rose on Wednesday, with thesupport of an imminent meeting in Qatar to discuss the freeze production levels and expectations of lower US production , but some analysts warned that the freeze or lower production does not refer to the end of the glut of global supply. 
    The total price of US crude futures to $ 36.64 a barrel by 0756 GMT , up 30 cents from its price at theprevious settlement. 
    the increased International benchmark Brent crude 11 cents to $ 38.85 a barrel, and oil rose after prices came down about two percent in the previous session. 
    sources from the Organization of Petroleum exporting countries (OPEC) that " a meeting of producers , led bySaudi Arabia and Russia to discuss the freeze production levels will be held on 17 April , although not involving Iran." 
    it examines producers install production at January levels , which Saudi Arabia and Russia produced a near -record amounts exceeded ten million barrels a day, and I found prices also support the expectations of lower US production as a result of financial pressures. 
    Phillip Futures brokerage Co. in Singapore "today we may see some strength in prices Astmdtha likely decline of the American production." 
    for his part, Qatari energy Minister Mohammed bin Saleh said gentlemen in a statement on Wednesday, "the oil producers within the Organization of Petroleum exporting countries (OPEC) and outside will hold a meeting in Doha on 17 April. " 
    He added gentlemen who also serves as OPEC 's president at the present time that" the meeting will be thefollow - up to its predecessor , which was held last month in the Qatari capital also between his country and Saudi Arabia Russia and Venezuela, which saw the proposal for an agreement to freeze production at January levels and invite other producers to participate in this step. " the 
    statement said that" even today have the initiative with the support of about 15 products from the OIC Member States and abroad contribute about 73 percent of the size of the world 's oil production " in turn, Kuwait 's oil minister proxy Anas Saleh said that" the country will participate in the meeting , which will include producers within the Organization of Petroleum exporting countries (OPEC) and outside in the Qatari capital Doha in April next. " 
    said Saleh , who is also Kuwait 's finance minister in a statement that " the Doha meeting aims to complete the consultations in order to stabilize the markets and oil prices." 
    in a related development, Venezuela 's oil minister told Reuters, on Wednesday, said that "about 20 of the oil - producing countries will meet in Doha for talks on 17 April next , adding that he personally spoke to his Iranian counterpart on the proposal to install oil production. " He Aalockheo del Pino "call was supported bycountries that proposed to freeze the level of production until mid - year , as a mechanism to achieve abalance of price and stocks would apply to members and non - OPEC countries , such as Kazakhstan, Oman, Azerbaijan, Mexico, Colombia and others."
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