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Neno's Place Established in 2006 as a Community of Reality


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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


2 posters

    Khbayrnafty: Install oil production is not enough and will not stand for long

    Rocky
    Rocky
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    Posts : 265680
    Join date : 2012-12-21

     Khbayrnafty: Install oil production is not enough and will not stand for long Empty Khbayrnafty: Install oil production is not enough and will not stand for long

    Post by Rocky Thu 29 Sep 2016, 4:16 am

    [size=30]Khbayrnafty: Install oil production is not enough and will not stand for long[/size]
    29/09/2016 10:41 | Number of Views: 37
    font size:  Khbayrnafty: Install oil production is not enough and will not stand for long Font_decrease  Khbayrnafty: Install oil production is not enough and will not stand for long Font_enlarge
     Khbayrnafty: Install oil production is not enough and will not stand for long Thumbnail.php?file=b7c5c5877991da9315e97c178d1472ad_338801890
    [rtl]Direction Press / follow-up[/rtl]
    [rtl]Reached the Petroleum Exporting Countries to "historic agreement" on reducing oil production to a level between "32.5 to 33" million barrels per day, while the specialist stressed the economic aspect Dergham Mohammed Ali, said the installation of oil production deal was a step is not sufficient to absorb the glut the market supply caused by the loss of the previous quota system.[/rtl]
    [rtl]Ali said in a statement that "Saudi Arabia increased the market share of more than" 3 "million barrels under the pretext of compensating Iran, Syria and Yemen quotas remained level at return of these countries to the markets which Makhlq major glut in supply, adding that, the quota system was the most fair-producing countries being was calculated in proportion to the production quota of the State concerned reserves and without returning to this system will remain the chaos is ruling the oil market. "[/rtl]
    [rtl]And the opinion that "this agreement will not last long due to the subordination of the oil market equations recent policy circles over circles economy, which demonstrates the return of nations to increase production rates at the earliest opportunity, which restores the agreement to scratch."[/rtl]
    [rtl]And it held OPEC countries meeting on the sidelines of the International Energy Forum in Algeria on Wednesday and reached an agreement to reduce production to between 32.5 and 33 million barrels a day.[/rtl]
    [rtl]The estimated "OPEC" the current production at 33.24 million barrels per day.[/rtl]
    [rtl]According to the sources in the "OPEC", the organization is expected to agree on the production of each Member State levels at its meeting in Vienna on 20 November next.[/rtl]
    [rtl]Having access to the target level, "OPEC" will seek the organization behind the support of independent producers to help ease oversupply, according to the same sources.[/rtl]

    wciappetta
    wciappetta
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     Khbayrnafty: Install oil production is not enough and will not stand for long Empty Re: Khbayrnafty: Install oil production is not enough and will not stand for long

    Post by wciappetta Thu 29 Sep 2016, 5:42 am

    So they again plan to cut production realizing they will eventually cheat on the agreement which sounds about right... self interest always Trumps collective...


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