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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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    Iraq is exporting more oil in October, despite OPEC output cut plans

    Rocky
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    • Post n°1

    Iraq is exporting more oil in October, despite OPEC output cut plans Empty Iraq is exporting more oil in October, despite OPEC output cut plans

    Post by Rocky Wed 26 Oct 2016, 5:55 am

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    Ship loading data and source shipping sector reports that Iraqi crude exports tend to rise slightly in October , which gives an indication that OPEC 's agreement to restrictions on supplies left unchecked after shipments from the second largest producer in theOrganization. 
    Iraq and the rest of the Organization of Petroleum Exporting Countries members Petroleum may reached last month to first deal to cut production in eight years in order to strengthen prices. But Iraq called on Sunday for an exemption Baghdad to join members seeking List to gain special treatment. 
    The show shipping data monitored by Reuters and the source of the sector that the average exports from southern Iraq in the five and the first twenty days of October totaled 3.31 million barrels per day , up from 3.276 million barrels a day last month, according to figures from Iraq. 
    The source said , which tracks tanker "very strong export shipments." 
    most of Iraq 's oil , which issued the smallest of crude volumes from the north through a pipeline to Turkey , the south is pumped. 
    according to data loading and source reached North shipments from fields located ore in thesemi - autonomous Kurdistan region of 580 thousand barrels per day on average in October. The average of those exports 595 thousand barrels per day in September. 
    So far , Iraqi crude exports stood at 3.89 million bpd in October. If that continues , it will be the highest of 20 thousand barrels per day from Total September exports , according to figures given by Iraqi officials at a news conference on Sunday. 
    Oil prices of around 51 dollars currently a barrel or half the level in mid - 2014, partly due to a glut in the supply lasted for a longer period of analysts ' expectations , in part because of a record production of fourteen countries members of OPEC. 
    although the framework agreement reached by the OPEC in Algeria on 28 September organized production increased in that month, according to figures and faces a final agreement is expected to be concluded during the next meeting on 30 November a number of challenges. 
    among those challenges , how to accommodate potential increases from Iran, Libya and Nigeria , which is hesitant to rein in production after influenced by penalties or conflicts. 
    A spokesman for the oil ministry said Iraq told a senior OPEC on Tuesday that he hoped the agreement raises oil prices maintaining the level of production.

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