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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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    Oil-producing countries decide to cut production to stem the slide in prices

    Rocky
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    • Post n°1

    Oil-producing countries decide to cut production to stem the slide in prices Empty Oil-producing countries decide to cut production to stem the slide in prices

    Post by Rocky Thu 29 Sep 2016, 4:17 am

    [size=30]Oil-producing countries decide to cut production to stem the slide in prices[/size]
    29/09/2016 10:42 | Number of Views: 46
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    Oil-producing countries decide to cut production to stem the slide in prices Thumbnail.php?file=thumbgen_503904762
    [rtl]Direction Press / follow-up[/rtl]
    [rtl]Of Petroleum Exporting Countries reached late Wednesday in Algeria to "historic agreement" on reducing oil production to a level between "32.5 to 33" million barrels a day, according to what has been announced and the energy ministers of Qatar and Nigeria.[/rtl]
    [rtl]He said Nigerian Minister of State for Petroleum Emmanuel Ebi Kachikoo in a press statement at the end of an informal meeting of OPEC in Algeria: "We have reached an agreement to cut production to between / 32.5 and 33 / million barrels a day."[/rtl]
    [rtl]The Qatari Energy Minister Mohammed Bin Saleh Al-Sada, who chairs the meeting, "that figure.[/rtl]
    [rtl]For his part, Algerian Energy Minister Noureddine Bouterfa stressed that "this decision is not expected was unanimously and without reservation."[/rtl]
    [rtl]He announced Qatar's Energy Minister Mohammed Bin Saleh Al-Sada, who chairs the meeting, "said the meeting was very long, but historic," adding that the reduction in the level of each country will be determined by the upcoming summit of the organization in Vienna on the thirtieth of November next[/rtl]
    [rtl]Qatari minister pointed out that the meeting took place in an atmosphere of "very positive reflected the strong interdependence of OPEC" in order to support oil prices, which deteriorated during the past two years.[/rtl]
    [rtl]The estimated "OPEC" the current production at "33.24" million barrels per day.[/rtl]
    [rtl]Oil prices rose about 6% at the settlement, on Wednesday, after reaching the Organization of the Petroleum Exporting Countries ( "OPEC") agreement to curb crude production.[/rtl]

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