Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeSun Mar 10, 2024 5:58 am by RamblerNash

» CBD Vape Cartridges
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

» The Fundamentals of Finance and Pimpy Live
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

» Why Won't the Iraqi Dinar Scam Die?
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeWed Jan 17, 2024 5:05 pm by RamblerNash

» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year I_icon_minitimeMon Jan 15, 2024 6:15 pm by RamblerNash

Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year

Go down

Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year Empty Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year

Post by RamblerNash Sun Sep 19, 2021 9:37 pm

Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year 29060
 
09/19/2021

EconomyNews_Baghdad

Oil Minister Ihsan Abdul-Jabbar announced on Sunday that the Organization of the Petroleum Exporting Countries and its allies will try to keep crude prices at $70 a barrel in the first quarter of 2022.

Abdul-Jabbar said in a press conference followed by "Al-Iqtisad News", that he expects the group to adhere to the current production agreement when it meets in October if prices remain stable.

And he indicated that "Iraq's total oil exports, including the exports of the Kurdistan Region in the north of the country, are expected to reach an average of 3.4 million barrels per day in September."

Earlier, the “OPEC +” countries agreed to continue to adhere to the terms of the current deal, including increasing oil production in October by 400,000 barrels per day.

The “OPEC +” countries (the alliance of OPEC producers, and independent producers led by Russia) have reduced their production by 9.7 million barrels per day, since May of last year; Due to the reduced demand for oil against the background of the Corona virus pandemic.

With the stability of the situation, and since August 2021, the coalition has increased production by 400,000 barrels per day, in the hope of gradually withdrawing from its commitments to reduce production, by the end of September 2022.

As of August, the size of the OPEC + production cut amounted to about 5.36 million barrels per day.

A baseline was taken for all members, in October 2018; As for Russia and Saudi Arabia, it was decided to be 11 million barrels per day.

However, as of May 2022, it was agreed to raise the base for reducing oil production for: Russia, Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait.

For Russia and Saudi Arabia, production will rise by 500 million barrels, to 11.5 million barrels per day.

The group decided, during its last meeting, to raise its production baseline from 43.8 to 45.5 million barrels per day as of May 2022.

As for the Emirates, it was set at 3.5 million barrels per day, and it was raised to Kuwait and Iraq at 150,000 barrels per day, each; As of next May.

https://economy-news.net/content.php?id=26351

*****************
Iraq expects OPEC to adhere to a specific price of a barrel of oil until next year 258310255 
>>>TNTBS's YouTube Channel<<<
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24269
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum