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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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    Fitch: OPEC agreement supports the slow recovery of oil prices

    Rocky
    Rocky
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    Fitch: OPEC agreement supports the slow recovery of oil prices Empty Fitch: OPEC agreement supports the slow recovery of oil prices

    Post by Rocky Fri 30 Sep 2016, 3:39 am

    Fitch: OPEC agreement supports the slow recovery of oil prices





    2016/09/29 | 22:20


    (Encyclopedia of the Day News | Iraq News ) - directly: Fitch credit ratings , said that OPEC members agreement supports previous forecast continuing recovery in oil prices, but it is slow and is not a strong recovery, according to a report.

    She explained Fitch in its report today, OPEC Touselo members yesterday in their last meeting in Algiers to reduce the target to between 32.5 and 33 million barrels per day of production to accelerate the ongoing withdrawal from inventory accumulation and re-balance, and to achieve stability in the oil market, that the organization consider the results in meeting next November 30 in Vienna.

    The report also pointed out that this decision reduces the risk of falling oil prices and enhances its forecast since the beginning of the year to price stability and the continuation of the recovery.

    Fitch added that reaching an agreement between the members of the organization confirms its previous forecast that the average price of Brent crude up to $ 45 a barrel in 2017, and WTI to $ 55 a barrel in 2018.

    http://hathalyoum.net/1114690

      Current date/time is Thu 28 Mar 2024, 1:38 pm