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Atmosphere of optimism accompanies consultations Algeria
9/28/2016 0:00
[rtl](OPEC) are looking to freeze the production ceiling
Awasam- agencies
raised the decision of the Organization of Petroleum Exporting Countries (OPEC) , a consultative informal talks on the sidelines of the World Energy Forum in Algeria on Wednesday, speculation that the organization may be on the verge of going out of production policy without a roof, adopted by the two years ago, which it has succeeded in influencing negatively rival suppliers, but they have contributed to the decline in prices in a big drop
as OPEC holds consultations in Algeria in an effort to reach an agreement to freeze theproduction ceiling, while attending each carrier the economic priorities of the state and the profit and loss account. But the overall atmosphere calls for optimism viability to reach the desired agreement.
Earlier attempts to agree a freeze on oil production, including Russia , is a member ofthe (OPEC), have failed in the talks held in the Qatari capital Doha in April, as Saudi Arabia did not participate in these consultations, after Iran refused to participate. This time, conflicting priorities of several members of the organization, especially in light of thedetermination of Iran, Iraq and Nigeria offset production declining, while Russia and Saudi Arabia maintain oil production rates near record must be , in this case, it shows the positions of the participants in the meeting of Algeria, as participating in the debate, it may be they were reaching agreement possible to adjust the oil production ceiling and control prices.
at the same level visited Noureddine Bouterfa, Algerian energy Minister, Tehran, Paris and Moscow shuttled in preparation to host his talks (OPEC) this week. He urged the reduction of the world 's oil production up to one million barrels per day, saying that continuing the price of a barrel of oil below $ 50 is impossible.
He said to the press: that an oil price at $ 50 to $ 60 a barrel to help stabilize theeconomies of producing countries, « and our main objective at this meeting to stabilize oil prices in the world, and if production continues in the range of 63 million barrels, the prices will not be good until 2018, and are working to reduce production ».
and Algeria suffers increasing pressure on public budgets because of falling oil prices, Maaassab the government assume the expense of continuing obligations.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=123870[/rtl]
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