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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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    Qatar: Required from Iran and Iraq to install production at the current level

    Rocky
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    • Post n°1

    Qatar: Required from Iran and Iraq to install production at the current level Empty Qatar: Required from Iran and Iraq to install production at the current level

    Post by Rocky Fri 18 Nov 2016, 2:35 am

    Qatar: Required from Iran and Iraq to install production at the current level

    Thursday 17-11-2016 | 4:15:35







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    RNA / p p
    Twilight News / said Qatari Energy Minister Mohammed gentlemen on Thursday that required of Iran and Iraq is to stabilize oil production at current levels in the context of a broader reduction of the production agreement.
    He told reporters "we discuss it with the two countries and seek various ways and means to reach a common understanding."
    Iraq refuses to install production and continues with international companies to develop oilfields plans. Baghdad says it is in dire need of revenue for the sale of oil to fund the military campaign against al Daesh and the reconstruction of the war-ravaged country.
    Oil prices rose on Thursday after OPEC overwhelmed reach an agreement regarding the curbing of production on the growing signs of a big glut in supply and rising especially in the US inventory forecasts.
    He said Saudi Arabia's energy minister Khaled al-Faleh on Thursday he was optimistic the completion of the Organization of the Petroleum Exporting Countries (OPEC), a preliminary agreement on oil production reached him in Algeria in September.
    The minister told Al-Arabiya television, "I am still optimistic that the agreement that has been in Algeria for capping production will be translated, God willing, to the ceilings on the level of states and to be fair and balanced reduction between the countries."
    And cross-Faleh, expressed optimism that the market is on its way to achieve balance and OPEC's agreement in Vienna meeting on 30 November, will accelerate this recovery.
    By 1120 GMT, ascended International benchmark Brent crude futures 60 cents to $ 47.23 a barrel and increased US light crude futures 50 cents to $ 46.07 a barrel.
    US Energy Information Administration data on Wednesday showed crude oil stocks in the United States 5.3 million barrels in the week ending November 11 November, beating analysts' expectations, which was referring to an increase of 1.5 million barrels.
    And rising stocks in other areas, which is due to reasons including the members of OPEC, which pumps about 40 percent of global oil supply standard production.
    Venezuelan President Nicolas Maduro said on Wednesday that OPEC was ready to reach an "effective" agreement to cut oil production. Maduro's remarks came after a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas.
    The Russian Energy Minister Alexander Novak said that Russia is ready to support OPEC's decision on the stabilization of oil production.
    But Jason Jamil analyst at US investment bank Jefferies said that increased oil production and change the fundamental factors more difficult to apply the OPEC to cut production convincingly.
    "The present market turned into a surplus because of higher OPEC production where most of the actual increases are driven by the improvement in the security situation in Libya and (slightly) in Nigeria."
    Jeffries predicted that the average price of Brent crude to $ 58 a barrel next year.
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