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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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    Bloomberg: OPEC will not discuss the "freeze" of oil production

    Rocky
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    • Post n°1

    Bloomberg: OPEC will not discuss the "freeze" of oil production Empty Bloomberg: OPEC will not discuss the "freeze" of oil production

    Post by Rocky Mon 08 Aug 2016, 10:03 am

    [size=36][size=33]Bloomberg: OPEC will not discuss the "freeze" of oil production[/size][/size]
    Ali Abdul Salman 42[ltr]  08/08/2016[/ltr]








    According to the agency "Bloomberg" economic, Sunday, August 7 / August, the Member States of the Organization of "OPEC" does not have any plans to return to the negotiations on the "freezing" of oil production.
    According to "Bloomberg" that the International Energy Forum to be held in Algeria, in the period between September 26 to 28 / September next, "will discuss cooperation with countries outside OPEC issues."
    Earlier, the newspaper "The Wall Street Journal" reported that the Petroleum Exporting Countries could discuss a proposal to "freeze" the production will resume during the energy summit to be held in Algeria, noting that its own sources confirmed that both Venezuela and Ecuador, Kuwait, ready to discuss these the case.
    For its part, the Russian Energy Ministry confirmed that it had "not received any official invitation to participate in the meeting of the Organization (OPEC) next year."
    Earlier, in June last, he said Venezuelan Oil Minister, Aalockheo del Pino told "TASS" Russian: "The countries (OPEC) agreed to hold a meeting in Algiers during the month of September / September next, in order to update the market analysis after the summer period.
    According to the minister of Venezuela, the urgent need to take measures to limit the decline in oil prices, "because of the absence of effective measures to regulate the global volume of production, the raw material prices could fall to $ 20 a barrel by the end of this year."
    And discussed the "OPEC" with the participation of Russia, the freezing of oil production at January levels, the last time on April 17 / April last in the Qatari capital Doha, but the differences within the organization have prevented reaching an agreement on this issue. Which reflected negatively on crude prices in the global markets, and led to increased pressure on prices and the continuing decline.

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