Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Join Us for Dinar Discussions and More

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Iraq and 3 OPEC + countries seek to decide on oil production DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

DINAR INFORMATION LINKS

PARTNER SITES

Iraq and 3 OPEC + countries seek to decide on oil production

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS

Go down

Iraq and 3 OPEC + countries seek to decide on oil production Empty Iraq and 3 OPEC + countries seek to decide on oil production

Post by claud39 Wed Nov 04, 2020 11:25 am

Iraq and 3 OPEC + countries seek to decide on oil production




11/4/2020



Iraq and 3 OPEC + countries seek to decide on oil production 24040





Economy News_ Baghdad



Algerian Energy Minister Abdel Majid Attar affirmed, on Wednesday, that four countries, including Iraq, are seeking to extend oil production cuts to preserve prices and not to drop again.

Attar said that "oil prices are expected to drop sharply again as a result of the second wave of the Coronavirus (Covid-19) pandemic, which is currently hitting many countries."

The Algerian minister described the situation in international oil markets as "very dangerous", announcing his country's support for extending the implementation of the current production ceiling agreed within the framework of the "OPEC +" group, during the first months of next year, in order to "avoid a new sharp drop in crude prices." “.

Attar added that Algeria, with other countries, including Iraq, Russia and Saudi Arabia, persuaded the rest of the countries in the OPEC + group to maintain the current production ceiling early next year.

He pointed out, "The possibility of taking decisions during the next meeting of the joint ministerial follow-up committee emanating from" OPEC + ", on November 17th, that would" encourage the market and prevent prices from falling below $ 40. "

It is reported that OPEC and its allies from non-member producing countries, or what is known as the "OPEC +" group, agreed to reduce production by a total of 9.7 million barrels per day, starting in May 2020, before reducing it to 7.7 million barrels, starting in early August And until the end of this year, then to 5.8 million barrels per day, from the beginning of 2021 to April 2022.





claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 18368
Join date : 2018-11-04

View user profile

GirlBye likes this post

Back to top Go down

Back to top

- Similar topics

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS

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