oil producers reach consensus to extend oil output cuts
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Oil producers reach consensus to extend oil output cuts

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Oil producers reach consensus to extend oil output cuts

OPEC and other major oil exporters which are currently
Baghdad - WAM

OPEC and other major oil exporters which are currently taking part in output reduction have reached consensus to extend the limits of cuts until the end of the year, according to the Iraqi and Algerian oil minsters.
"All members of the Organisation of Petroleum Exporting Countries support an extension of the output cuts for a second six-month period," Iraq’s Oil Minister, Jabbar Al-Luaibi, and Algeria’s Energy Minister, Noureddine Boutarfa, said today in a joint news conference in Baghdad, confirming that non-OPEC members who joined last year’s accord to curtail a global oversupply of crude, will follow suit.
"The decision is to decrease output for six months," Boutarfa added in the news conference saying that Algeria and Iraq maintain a united stand for the next cuts.
According to a deal concluded in Vienna in December 2016, OPEC members are committed to cutting production by around 1.2 million b.p.d. while non-OPEC producers voluntarily decided to reduce output by 600,000 b.p.d., which took effect at the beginning of the year.
The Kuwaiti Minister of Oil, Electricity, and Water, Essam Al Marzouq, earlier this week referred to a "semi-consensus" on the extension of the production cut deal for a new six-month period during the coming OPEC and non-OPEC producers' meeting, to be held in Vienna on 25th May.

Source: WAM

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil producers reach consensus to extend oil output cuts oil producers reach consensus to extend oil output cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil producers reach consensus to extend oil output cuts oil producers reach consensus to extend oil output cuts

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 12:31 2017 Sunday ,12 November

Students get crash course on art

GMT 18:08 2016 Monday ,10 October

Saudi, Japan Ministers Seek Wider Cooperation

GMT 13:15 2017 Sunday ,22 January

Galfar incurs OMR5.78m loss

GMT 05:15 2017 Wednesday ,25 January

Alibaba quarterly revenue surges 54% to $7.7bn

GMT 13:19 2012 Monday ,12 March

Yehia Al-Fakharany speaks about new series

GMT 13:56 2016 Thursday ,18 August

Brazil police pull 2 US Olympic swimmers

GMT 08:53 2016 Saturday ,26 November

Timeline of Fidel Castro's life whose death at 90

GMT 21:06 2016 Friday ,02 September

India, Egypt must spread correct version of religion

GMT 06:53 2017 Wednesday ,12 July

Odd-man-out Donald Trump wins G20 favours

GMT 06:38 2011 Friday ,03 June

Cyber attacks constant

GMT 01:21 2017 Wednesday ,04 October

Amy hits mercenaries in Medi

GMT 09:26 2012 Wednesday ,01 February

The kingdom of the crystal skull

GMT 08:59 2011 Monday ,13 June

Al Ghandi Auto Group launches flagship showroom

GMT 08:08 2015 Thursday ,30 July

Egypt court postpones verdict in al-Jazeera trial

GMT 14:28 2017 Tuesday ,17 October

CAPRICORN (December22nd-January20th)

GMT 08:46 2017 Wednesday ,27 September

Thousands evacuated, emergency declared

GMT 11:02 2017 Tuesday ,13 June

Actor Mohamed Faheem happy for positive

GMT 10:57 2014 Saturday ,01 March

Cowshed launches spa in Selfridges London
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice