Close to agreement between OPEC and exporters

by **Ponee** Sun Jan 31, 2016 9:44 pm

Announced Venezuelan President Nicolas Maduro, that "members of the" OPEC "countries (Organization of Petroleum Exporting Countries) are close to reaching with oil-exporting countries are not members of this organization, an agreement

Announced Venezuelan President Nicolas Maduro, that "members of the" OPEC "countries (Organization of Petroleum Exporting Countries) are close to reaching with oil-exporting countries are not members of this organization, an agreement restrain the deterioration of the black gold, which collapsed to historic price levels."

He stressed Maduro told reporters in Caracas that "we are close to reaching an agreement between the oil-producing countries are members of the OPEC oil and non-Member States." But the head of the State of Venezuela, a founding member of OPEC, pointing out that it does not mean access.

Since more than a year and is trying to Venezuela urged OPEC to curb oil prices, and suggested that the oil cartel last week held an extraordinary meeting in February.

01.31.2016
LINK

by **Ponee** Sun Jan 31, 2016 9:45 pm

Maduro: Agreement "destination" between OPEC and non-member exporters

Close to agreement between OPEC and exporters 55559

BAGHDAD / Obelisk:, announced Venezuelan President Nicolas Maduro on Saturday that members of the OPEC countries (Organization of Petroleum Exporting Countries) are 'close' to reach with oil-exporting countries are not members of this organization, an agreement bridleth deterioration of prices in the black gold that collapsed to historical levels.

Maduro told reporters in Caracas: 'we are close to reaching an agreement between the oil-producing countries are members of the OPEC oil and non-Member States'. But the head of the State of Venezuela, a founding member of OPEC, however, saying: 'to be close does not mean that we have reached. "

Maduro statement comes at a time when Venezuela's oil minister Aalockheo del Pino begins a tour of Russia, Qatar, Iran and Saudi Arabia, to urge this black gold-producing countries to adopt a strategy to curb the deterioration of prices, and a government source said.

He will meet Del Pino, who also heads the General Petroleum Company (BDO FSA), on Monday, Russian Energy Minister Alexander Novak to meet Tuesday with Qatari Energy Minister Mohammed Bin Saleh Al-Sada, before heading to Iran and Saudi Arabia, as a clearer statement for the group.

Since more than a year and is trying to Venezuela urged OPEC to curb oil prices, and suggested that the oil cartel last week held an extraordinary meeting in February

http://www.almesalah.com/index.php?page=article&id=68734

by **Ponee** Sun Jan 31, 2016 9:47 pm

Hopes are increasing the return balance to the oil market producers near agreement

increased hopes for the return of balance to the oil market after trading news closely to reach an agreement on the presentation of crude between producers.

Where indicated Saudi willingness to cooperate with the rest of the oil-producing countries in order to support Alinvt.jae that market, according to the agency «Reuters» published statement on Sunday for Al-Arabiya, quoting a Saudi source did not Tzmh.oukal Source: The Kingdom of Saudi Arabia is not the source of a proposal to cut production you are studying Russia, and Russia said on Thursday: The «OPEC» proposed to cut production by up to five percent in what would be the first agreement world during more than a decade to help reduce the glut of oil supplies to boost prices that fell sharply.

The «AFP» published on Sunday that Venezuelan President Nicolas Maduro announced Saturday that «OPEC» are «close» to reach with non-member States to deal bridleth the deterioration of black gold prices, which have collapsed to Tarueh.oukal Maduro levels, too: to be close does not mean we and Salna.oukd Venezuela's oil minister began a tour of Russia, Qatar, Iran and Saudi Arabia to urge the oil-producing countries to adopt a strategy designed to curb the deterioration of the prices as reported by source Overnma.oseltaki Del Pino Monday, Russian Energy Minister Alexander Novak on to meet on Tuesday with Qatari Energy Minister Mohammed bin Saleh Al Sada before heading to Iran and Saudi Arabia, also said in a statement for the group, said Del Pino in this statement «it four countries President ». Since more than a year, Venezuela is trying exhorted« OPEC »to rein in oil prices, and suggested that the oil cartel last week held an extraordinary meeting in February, and expanded the campaign to include Russia, which does not belong to Aopk.uad Del Pino said his country initiatives« began yield positive results on fuel prices »which has improved in recent days to more than $ thirtieth threshold also Brmel.ujae in the report« AFP »: Thursday Russian energy minister said the oil cartel wants to call a meeting in February is not limited to OPEC members only and that Moscow ready to participate in it.

Perhaps influenced global calls to cut production positively on the price of oil where the height of more than 7 percent over the past week, were not affected by the expected production and exports of Iran increase after the lifting of economic sanctions, which are estimated at 20 percent in January and February monthly.

http://www.alsabaah.iq/ArticleShow.aspx?ID=109517

by **Kevind53** Sun Jan 31, 2016 11:10 pm

Well if they all follow through we'll see prices climb. The big question being will they? I suspect that they will likely level out somewhere between 50 and 70 a barrel, as that is where new production in the US becomes profitable, and this whole thing as a price war by the Saudis to quench the new US production.

On the other hand anything over $45 a barrel is good for Iraq. That's what they need for budget.

Close to agreement between OPEC and exporters

Close to agreement between OPEC and exporters

Re: Close to agreement between OPEC and exporters

Maduro: Agreement "destination" between OPEC and non-member exporters

Re: Close to agreement between OPEC and exporters

Re: Close to agreement between OPEC and exporters