Iraq declares its support for the convening of an urgent meeting of OPEC

[yota691]

Iraq declares its suppor t for the convening of an urgent meeting of OPEC

Economie

2020-04-02 | 12:39

 

5,485 views

Iraq renewed its call to expedite the convening of an urgent meeting of the OPEC oil-exporting countries and the producers allied with them from outside, and its support for all calls that come within this framework.

"The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban sent a message to the Secretary-General of the Organization of Petroleum Exporting Countries OPEC Mohamed Barkindo today, in which he stressed Iraq’s support for an urgent meeting," said Oil Ministry spokesman Asim Jihad. To the Organization of Petroleum Exporting Countries (OPEC +) in order to study the repercussions of the oil market, and to take quick measures to restore stability to the oil market and restore balance between supply and demand. "

 

 

He added that "the anger had had many contacts with the ministers of OPEC member states and allied with them from outside, and with the organization's secretary and the president of the current session," in which he called for the necessity of "the return of the member ministers to the dialogue table in order to work to stop the repercussions of the collapse of oil markets, and accelerate By agreeing on a formula that contributes to the stability of the oil market and rebalancing. "

Jihad pointed out that "the oil minister expressed his confidence in the possibility of agreeing during the next meeting, on a formula that contributes to achieving positive results that are in everyone's interest and gradually restore stability to the global market."

[DoD]

Shows how far out of touch with the real world Iraq really is. This is the oil minister begging to a useless OPEC organization to do something about the price of oil. If he had just a little small brain he would get on an airplane an take that hour flight to Saudi Arabia an try to talk to the prince or the oil minister about the oil war they have going on with Russia. Poor ole fool isn't smart enough to realize that SA and Russia could care less about OPEC...

[MyLadiesDaddy]

Anyone else noticed this today?

 

 

WTI CRUDE 26.74  +5.61%

BRENT CRUDE 32.76  +9.42%

 

 

	WTI CRUDE	26.74		+5.61%
	BRENT CRUDE	32.76		+9.42%

 

[Synopsis]

6 hours ago, ladyGrace'sDaddy said:

Anyone else noticed this today?

 

 

WTI CRUDE 26.74  +5.61%

BRENT CRUDE 32.76  +9.42%

 

 

	WTI CRUDE	26.74		+5.61%
	BRENT CRUDE	32.76		+9.42%

 

 

!!!LadyGrace'sDaddy!!!

 

Yes, I did, SIR!!!

 

Out of purple trophies and emeralds. For now, please accept++++++++++++++++++++++++++++++++++

 

Go Moola Nova!

 

 

[yota691]

The International Energy Agency: "OPEC +" production cut will not be enough

Economie

03-03-2020 | 11:00

 

 

 

 

 

5,533 views

 

 

The Director of the International Energy Agency, Fatih Birol, said that a significant reduction in "OPEC" and other oil producing countries would not be sufficient to prevent a large accumulation of global crude stocks in the second quarter of this year.

Birol added that "even with a reduction in production of up to ten million barrels per day, which (OPEC) and other producers may be discussing next week, there will still be a daily accumulation of 15 million barrels in the second quarter."

He appealed to the director of the international watchdog concerned with Saudi energy, the largest producer in "OPEC" and the current president of the Group of 20 major economies, to discuss ways to achieve market stability with the countries of the group.

 

 

It is expected that the OPEC + countries and other producers will hold a meeting next week to discuss joint formulation to support the tumbling oil markets.

[yota691]

Oil prices jump more than 16% thanks to hopes of a deal to cut supplies

Economie

04-04-2020 | 02:38

 

Source:

Alsumaria news

 

4,284 views

 

Oil prices closed, on Saturday, on a significant increase of more than 16%, thanks to hopes that a global agreement to reduce supplies around the world may be reached next week.

In Thursday's session, oil recorded the largest one-day jump in the history of crude markets, due to the potential for supply cuts equivalent to between 10 percent and 15 percent of global demand.

 

The sharp recovery came from weeks of losses after US President Donald Trump said Russia and Saudi Arabia would negotiate an end to a price war that pushed crude prices last month by more than half.

 

 

 

The rise in prices continued to close global benchmark Brent crude contracts $ 34.8, up 16.3%.

 

US benchmark West Texas Intermediate crude futures ended the trading session higher, 14.42%, to settle at $ 28.97 a barrel.

 

OPEC is scheduled to hold an emergency meeting on Monday, led by Saudi Arabia, where cuts equivalent to 10 percent of global supplies, or about 10 million barrels per day, may be agreed upon.

 

Fatih Birol, CEO of the International Energy Agency, said that even if the OPEC + group cuts supplies by ten million barrels per day, global oil stocks will increase by 15 million barrels per day in the second quarter of the year.

[yota691]

Trump: Saudi Crown Prince and Russian President want stability of the oil market

 

Arab and international Economy News _ Baghdad US President Donald Trump said that Saudi Crown Prince Muhammad bin Salman and Russian President Vladimir Putin both want something to happen to stabilize the global oil market, in which prices have fallen by nearly two-thirds this year. At the start of a meeting at the White House with the heads of US oil companies, Trump said that the meeting will address the effects of the Corona virus on the oil industry. "We will overcome this impasse and restore our energy sector's activity," he added. Number of views 36   Date added 04/04/2020

[NEPatriotsFan1]

Great to see you back in the saddle @yota691 Appreciate you bringing the goods again. Have a great weekend DV! 
 

Saw this, this morning and it made me laugh!