REGISTER to access our GCR GLOBAL CURRENCY RESET & IRAQI DINAR FORUM; "IQD411.COM" Where we also discuss the IRANIAN ECONOMY & CURRENCY, the "RIAL"

BREAKING NEWS! To view please Register or Login.


Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
IT'S ALL ABOUT OIL
#21
OPEC agrees to cut oil production to 32.5 million barrels per day

History of edits:: 30.11.2016 18:25 • 205 visits readable
[OPEC agrees to cut oil production to 32.5 million barrels per day]
{International: Euphrates News} members of the Organization "OPEC" countries, agreed to cut oil production by 1.2 million barrels per day to 32.5 million barrels per day, and for the first time eight years ago.

It began on Wednesday in the Austrian capital and oil ministers meeting in members ofthe Organization "OPEC" countries to agree to determine production quotas for each country, so as to complement the agreement in principle reached by the "OPEC" at theend of September / September last, aims to cut the cartel 's production to between 32.5 and 33 million barrels a day. 
According to a source familiar with the negotiations that "OPEC" agreement that shrinking Arabia, the largest oil producer in the Organization, its production of crude oil to 10.06 million barrels per day, while the freeze Iran 's production at 3.797 million barrels Jeremiah, according to news agency "Interfax" Russian . 
Following the news of agreement "OPEC" on reducing production, crude prices havejumped by about 7%, and rose blend "Brent" Global by 7.42% to $ 49.82 a barrel.While, WTI rose by 6% , or $ 3.07 to $ 48.30 a barrel. 
Before the start of the meeting, said Saudi Arabia 's energy minister, Khalid al - Falih, that "OPEC" organization close to reaching an agreement on the reduction of oil production. 
Falih said that OPEC 's focus on reducing production to 32.5 million barrels a day, noting that Iran is installed to produce at levels before the international sanctions unacceptable. What is a concession from Riyadh , which has insisted in recent weeks on the participation of Iran is fully in production cuts. 
The agreement will end the so weeks of negotiations between the 14 members of the "OPEC", which is the first cut of the production taken "OPEC" eight years ago. And counts "OPEC" in which to improve the deteriorating prices due to a glut since thesummer exhibition 2014.anthy

Content originally from http://wealthwatch.world
Reply



#22
so we can expect oil to be going up again, right? even though Obama's man said we should expect the price to stay down for several years....
Content originally from http://wealthwatch.world
Reply



#23
(12-01-2016, 01:52 AM)OOTW Wrote: BREAKING NEWS! To view please Register or Login.so we can expect oil to be going up again, right? even though Obama's man said we should expect the price to stay down for several years....

You think so?
Content originally from http://wealthwatch.world
--The Guilty Will Be Punished--
Reply



#24
World Bank reveals the loss of the Gulf $ 320 billion
 
Economy News / Continue ...

World Bank revealed for oil and energy advisor Mamdouh Salameh, Wednesday, for incurring the Gulf states heavy losses amounted to $ 320 billion due to flood the market with oil, pointing out that Saudi Arabia tried an old political flood the market and has proven its failure.
Salameh said in a speech during the Arab Strategy Forum in Dubai that "the $ 320 billion lost to the Gulf states due to flood the market with oil by increasing production policy."
Saudi Arabia warned the safety of the "risk of flooding the oil market because it is the policy of the Kingdom of the old tried and has failed."
The Prime Minister Haider al-Abadi warned Tuesday, that: not for Iraq's agreement to cut oil production for the failure of the OPEC agreement on reducing crude exports.



mm

BREAKING NEWS! To view please Register or Login.
Content originally from http://wealthwatch.world
Reply





Forum Jump:


Users browsing this thread: 1 Guest(s)