Venezuela: We seek to bring Iraq and Iran to freeze oil production agreement

[yota691]

Parliamentary Energy: great benefits for Iraq freeze oil production for OPEC countries

economy

 Since 02/20/2016 13:36 pm (Baghdad time)

Special - balances News

Considered the oil and energy parliamentary, on Saturday, that the freezing of Russia and some countries that fall in OPEC oil production will return to the treasury of the Federal State of substantial financial benefits.

The committee member said Zaher al-Abadi's / balances News /, the "freezing of Russia and some OPEC countries for the production of oil will return to Iraq a financial interest coming into the treasury of the Federal State in addition to maintaining the reserve of oil reserves to be the largest amount on the grounds that Iraq sells today the amount of up to four million barrels is not up to the same purchasing value of the amount of the currently selected in OPEC. "

He added that the "freeze or decrease oil production will increase in the price of a barrel benefiting to maintain oil reserves roof in Iraq," unlikely "to reduce Iraq's oil production attributing the cause that he is not in favor of Iraq since the quantities sold compared to the quantities issued by Other countries either Saudi Arabia or Russia, equivalent to three times the amount Iraq, but it is possible to freeze Iraq's oil production. "

Russia and some OPEC members have agreed to freeze oil production following the quadrilateral meeting of the Ministers of Petroleum Saudi Arabia, Russia, Venezuela and Qatar, in Doha.

From: Nur al-Din Wahba 

[yota691]

Venezuela sends new proposals for oil producers of OPEC and outside

He wrote: February 20, 2016

Venezuelan President Nicolas Maduro said in a televised speech on Friday evening that his country was sending new proposals to the leaders of countries in OPEC and abroad in order to stabilize the market.

Maduro did not give further details.

The latest moves come days Venezuela from Saudi Arabia, a senior member of OPEC and Russia is not an OPEC member, Qatar and Venezuela after the agreement to freeze production at January levels if others joined it.

He said Venezuelan Oil Minister Aaolockheo del Pino on Friday afternoon that the four countries have agreed to monitor the oil market until June may take additional measures if necessary. Maduro congratulated del Pino on the agreement and praised him as Lionel 'Messi Venezuelan oil, "referring to the Argentine football star.

Maduro said in a televised speech from the Orinoco Belt oil producer in Venezuela stood next to del Pino "of us who produce the oil they should govern the market and determine prices."

He said he hoped that the Doha agreement is the beginning of a broader agreement.

Oil prices fell more than 70 percent during the past twenty months as a result of sub-standard production by OPEC and other producers.

Urges Venezuela in crisis to reach an agreement oil to compensate for a deep recession, the ruling Socialist Party instructed its parliamentary majority in an election in December.

Rossi, a senior energy official said on Friday that there is a surplus

The supply of oil in the market of about 1.8 million barrels per day, but can this surplus was reduced to half if the implementation of the freezing of oil production at last month's levels of agreement. "Reuters"

[yota691]

02/23/2016 09:46

OPEC: oil production freeze "just the beginning"

 

 

 

BAGHDAD / obelisk: CKD Secretary General of OPEC, Abdullah al-Badri, on Monday, that the recent agreement to freeze oil production 'is just the beginning', and that the top producers in the world has been studying 'other steps' for the liquidation of oversupply global markets.

The new al-Badri, the Houston conference, emphasize his willingness to work with oil producers inside and outside OPEC to drain the glut of global supply, which led to a reduction in oil prices to their lowest levels in more than a decade.

He stressed that the agreement in principle to freeze production reached Saudi Arabia, Russia and other producers last week is just the beginning, he said, 'The first step to freeze production. We may take in the event of success other steps in the future. '

Badri said, in front of hundreds of executives for international oil companies, OPEC want to wait for 3 or 4 months to see whether the deal would hold, before it addresses the oil shale projects, particularly in the United States.

He said that the shale oil producers Americans Cisaron to resume operations if prices recovered to $ 60 from $ 30 a barrel currently, he said, referring to the oil shale projects 'I do not know how I shall live together'.

OPEC Secretary-General pointed out that the decline in prices more than 70 percent in 20 months does not look like boarding previous sessions and landing, and said 'if prices rose in 2017 or 2018, the US shale oil will curb the rise of the price. That is the difference this time. '

[yota691]

Iran: our demand to freeze production at one million barrels ridiculous

Economy

 Since 02.25.2016 at 08:28 (Baghdad time)

Follow-up - the balance of News

Oil Minister Bijan Zangana said that some countries, which has an output of 10 million barrels per day, is currently calling for a collective freeze production and demands Iran freeze when the actual level of one million barrels per day.

And take Zangana in private oil on the sidelines of the Forum seminar explaining the sixth development plan, that "it's really ironic that calls for some countries that exceed their production level of 10 million barrels per day, to freeze production at the current level of output, with Iran calling for the freeze when the actual level of one million barrels per day. "

He stressed that "the most important of the sixth five-year development plans (starting March 21 / March 2016), raising the level of oil production to 4.6 million barrels, stressing the importance of the availability of the necessary and the necessary conditions to achieve this."

He pointed out that "the plan aims too, achieving increased production of gas condensate by one million barrels per day," he said, adding "gas production will exceed 1.1 billion cubic meters in 2017, and that the South Pars gas field's share of this increase would amount to 750 million cubic meters." Ended 29 / 4e

[billbill]

Getting these countries to cooperate with each other is like herding cats...

[SnowGlobe7]

hey now...easy on the herding cats.....

 

[yota691]

 Putin: Russian oil producers agreed to freeze production in 2016

 

    Economy News / Agencies ...

 

Russian President Vladimir Putin yesterday (Wednesday), "The oil producers in the country have agreed to keep oil production this year at January levels (last January)," he said, at a time when Moscow is seeking to support low energy prices. Putin said at a government meeting on the result of yesterday's meeting with Russian oil producers in the Kremlin "in the form of general agreement was reached that we will keep oil production (in 2016) at the level of last January." This is the first public statements made by Putin regarding the outcome of the meeting.

  Views 16   Date Added 03/03/2016 - 11:26   Last updated 03/03/2016 - 13:27   No. Content 2317

[yota691]

OPEC producers are trying to raise the price of crude to $ 50 a barrel

 

PM: 03: 41: 03/03/2016

  

 

Khandan - seeking producers (OPEC) to raise oil prices to $ 50 a barrel. He said Nigeria 's oil minister , "Emmanuel Ebi Katcheko," The key OPEC members plan to meet with other producers of oil in Russia on March 20 to hold new talks on a freeze on oil production levels . the news agency (Bloomberg News) for the Nigerian minister as saying that there will be "sharp movements in prices , " after the meeting. he noted that " the Saudis and the Russians .. everyone will return to thenegotiating table." he said the Minister of Nigerian oil, the producers in general are trying to raise prices crude to $ 50 a barrel.

[billbill]

Your Right Snow, of course...but the cats have to want to be herded.

[Dinarian64]

we need to shift our world economy away from petroleum so were not vulnerable to the activities or shenanigans of these countries. It's obvious what we need to do. We're running a petrochemical and military economy and those things need to change.

[Officiallytook]

I don't know, I like it and I don't, would hate for them to have control of my all electric car, or my tattoo banking information, chip implant everything else, they've even created the machine to upload skills to your brain like in the matrix...so if you ask me I'm for the old ways, more then a new/change

[uncirculd]

WEL OIL WILL GO BACK UP, IF THEY DO IT

You betcha!  Just wondering why Valenzuela is so enthused about this.  Mighty suspicious.  Stability bologna.  

[uncirculd]

OPEC producers are trying to raise the price of crude to $ 50 a barrel

 

PM: 03: 41: 03/03/2016

  

 

Khandan - seeking producers (OPEC) to raise oil prices to $ 50 a barrel. He said Nigeria 's oil minister , "Emmanuel Ebi Katcheko," The key OPEC members plan to meet with other producers of oil in Russia on March 20 to hold new talks on a freeze on oil production levels . the news agency (Bloomberg News) for the Nigerian minister as saying that there will be "sharp movements in prices , " after the meeting. he noted that " the Saudis and the Russians .. everyone will return to thenegotiating table." he said the Minister of Nigerian oil, the producers in general are trying to raise prices crude to $ 50 a barrel.

 

So back to price fixing.  They could care less about the folks in the economy, it's their own pockets.  Iran needs to pump oil from all the sanctions and they will continue to steal it from Iraq.    I believe this oil overage is all caused by us with M.E cooperation.   All to stop isis from being able to fund themselves.  That way they could see what possible nations are funding them.  Just my opinion. 

[uncirculd]

Thanks Yota, with that last Putin article kind of validates my theory. 

[yota691]

Russia: the premature announcement of the venue of a meeting of oil producing countries

economy

 Since 03.05.2016 at 08:30 (Baghdad time)

Follow-up - the balance of News

Russia, said that it was premature to announce the date and venue of the upcoming meeting between the representatives of the basic oil-producing countries.

Dmitry Peskov, press secretary of Russian President Vladimir Putin noted that "it is difficult announcement of the date and venue of the upcoming meeting between the representatives of oil-producing countries.

The agency "Bloomberg" American Ovadtastnada to its own sources, that a meeting of representatives of major oil-producing countries will be held on the 20th of March / March of this in Russia.

While announced the Russian Ministry of Energy, on the same day, it was "ready to send representatives to participate in the meeting scheduled major oil countries, in order to stabilize the situation in the oil market is a collective effort," adding that "the potential participants in the process of consultation is currently on the choice of location for the next meeting and install a timely manner." . 

He Peskov said that "there are many technical details must be agreed upon in a preliminary announcement by the representatives of the major oil -producing countries meeting ." Ended 29/4 e

[yota691]

Oil prices continue to rise in global markets

History of edits:: 03.06.2016 12:14 • 71 visits readable

[Where - Follow - up] 
International benchmark Brent crude futures rose 1.86 dollars or 4.7 percent to $ 38.93 a barrel at the settlement on Friday.

The increased price of US crude futures to $ 1.55 , or 4 percent , to $ 36.09 a barrel. 
Ascended both already allocated indices about 10 percent during the past week, to achieve Brent second weekly gain in a row, while it was the third consecutive US crude. 
Experts say the reason for this rise is due primarily to the continued decline [for the seventh week in a row in oil production in the US. 
have official data showed falling US oil production to its lowest level since November 2014, his arrival to 9 million barrels almost in one day. 
I got prices also support data reduction in the number of oil rigs in the United States for the week 11th consecutive show. 
the analysts say that there is a strong possibility to reach the major oil producers in the world, this month, an agreement to freeze the production ceiling to January last level for a year or half a year at least.

[yota691]

{OPEC} expects the adoption $ 50 a barrel later this year

 

 

 

 

         

3/10/2016 0:00 

 BAGHDAD follow Farah pumice - 

producing countries of crude oil it is seeking from inside and outside the Organization of«OPEC» to correct global market path to balance, especially after the recent agreement to these countries to freeze production at the levels of a month in January to support crude prices, in the first «world» agreement through 15 years.  

 the reinforced «OPEC» that hope, as five of the 13 members of the «OPEC», Saudi Arabia, Kuwait, UAE, Qatar and Venezuela, with Russia agreed earlier to freeze production at January last support price levels, whether approved by other countries ,including Iran to join this agreement, according to the «CNN». 

but this agreement which defined the title of « the biggest freeze» in the oil markets, needs the participation of other countries such as Iran, which its officials have confirmed that they will go ahead with plans to pump the amount of one million barrels of oil per day in global markets, according to Reuters , but the results of the talks and agreements initial adult oil producers in the world pushed hastily prices forward, scored Brent International benchmark futures up to $ 41 a barrel on Monday , while declined again by 62 cents at $ 40.27 a barrel, but it is still up 46 percent from the lowest level in 12 years by $ 27.10 recorded in the January 20, either basket «OPEC» containing 13 Khama, was registered to $ 35.07 a barrel, according to the Organization of Petroleum exporting countries site. downside wave began senior producers in countries of theOrganisation of Petroleum exporting «OPEC» expect new prices for oil close to $ 50 a barrel, in a positive sign that the long - term downside wave in the market officially ended. it corresponds this price with analysts ' average forecast for US crude in 2017, according to the latest Reuters poll, but it is much higher than the average forecast for this year of $ 38 a barrel, although some argue that the decline in US production provides support to the market , but fears of a slowdown in demand and the current glut in production and inventory global diminished the chances of achieving the highest gains in prices. Moreover recede opportunities freeze production levels of coordination between producers to stop growing oversupply in excess of one million barrels per day above thevolume of consumption at a time when Kuwait said OPEC member it would not abide by the freeze unless attended by all the major producers including Iran. production levelswere Russian energy Minister Alexander Novak said in previous statements: that ameeting between the «OPEC» members and senior producers outside on the freezing ofproduction levels, will be held on March 20 in Moscow. producers decision , but the UAE energy Minister said he had not received any call yet for a meeting between the «OPEC members »and senior independent producers to freeze production levels, stressing that if the decision was reached unanimously among producers, the UAE will cooperate with any rationalization efforts to address this situation. But if Saudi Arabia began and other Gulf producers influential in« OPEC »in consideration of $ 50« a fair price for producers and consumers », maybe it refers to the end of a long period of unusually reluctant towhich the organization for efforts to control the market, according to Gary Ross, Founder and chairman of the board and CEO of PIRA Consulting, based in New York.

 

[drj]

I see that Brent Crude closed at 40.84 today.  $50/barrel is not far off!

Dr J