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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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    OPEC calls for unification of efforts to pull the surplus of oil market

    Rocky
    Rocky
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    Posts : 268442
    Join date : 2012-12-21
    • Post n°1

    OPEC calls for unification of efforts to pull the surplus of oil market Empty OPEC calls for unification of efforts to pull the surplus of oil market

    Post by Rocky Sun 30 Oct 2016, 2:12 am

    [ltr]OPEC calls for unification of efforts to pull the surplus of oil market[/ltr]

     Since 10/29/2016 16:39 pm (Baghdad time)
    [ltr]OPEC calls for unification of efforts to pull the surplus of oil market 3_14_2016123253PM_6870133991[/ltr]
    [ltr]Scales News - Follow-up[/ltr]
    [ltr]It invited the Secretary-General of the Organization of Petroleum Exporting Countries "OPEC" Mohammed Sanusi Barkindo, Saturday, to unify efforts between producers inside and outside the organization to withdraw surplus from the oil market, describing the situation in the market as "difficult."[/ltr]
    [ltr]Barkindo said during a speech at a meeting of experts from the oilfields to the high-level committee of the Algiers Agreement in headquarters (OPEC) in Vienna on reducing the size of the supply of oil in the global market and to stabilize it on a sustainable basis.[/ltr]
    [ltr]Among Barkindo "The meeting is aimed at establishing a framework for the implementation of the Algiers Agreement, being in the interest of all producers and consumers through discussions with some producers outside OPEC about the implications of taking place in the market and the future of the oil industry in the medium and long term."[/ltr]
    [ltr]"The Vienna meeting provides an opportunity to crystallize the agreement, which was reached in Algeria late last September and was to reduce the production to between 5.32 and 33 million barrels a day compared with 4.33 million bpd in August, and to identify producers quotas," explaining that "stocks of oil surplus estimated at about 300 million barrels a call from the producers' collective urgent action. "[/ltr]
    [ltr]He said he "just returned from a visit to Iraq," one of the founding countries of the Organization "and planned to visit other member states in order to consolidate the" consensus "within the organization for the implementation of Algeria's historic agreement."[/ltr]
    [ltr]And in accordance with the Algiers Agreement, it is expected to experts put a long-term framework for regular consultation and sustained with producers from outside the (OPEC) in Vienna today.[/ltr]
    [ltr]The oil prices are currently declining due to oversupply of more than 500 thousand barrels per day and limited demand with the decline in advanced economies and Nahih.anthy 29/33 h[/ltr]


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