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Pira energy: OPEC and non OPEC oil producing countries will reach some form of agreement on Saturday

Pira energy: OPEC and non OPEC oil producing countries will reach some form of agreement on Saturday

December 09, 2016

seals or combination gaskets should be replaced in time; According to the usage of the machine and the service life of the oil

[China paint information]

Gary Ross, chairman of Pira energy group and head of global crude oil, said at a forum in New York on Thursday (December 8) that the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries will maintain a good growth momentum this week, and some form of agreement may be reached at the meeting starting in Vienna on Saturday (December 10)

OPEC reached its first production reduction agreement in eight years last Wednesday (November 30), and plans to reduce production by 1.2 million barrels per day next year. At the same time, it hopes to get more cooperation from non OPEC oil producing countries to reduce production

recently, Russia has expressed its willingness to cut crude oil production by 300000 barrels/day. OPEC hopes that other non-1. Engine maintenance: OPEC oil producing countries can contribute another 300000 barrels/day of production reduction

the source said that OPEC will hold a consultation meeting with non OPEC oil producing countries on production reduction in Vienna this Saturday, hoping to further expand the scope of production reduction. However, only 5 of the 14 non OPEC member states that have received the invitation have confirmed their attendance

OPEC Secretary General Balkin said last week that eight OPEC countries, including Iran, Iraq and Saudi Arabia, would join the negotiations

ross said, "some oil producing countries may not reduce production, but their production is already declining." He also predicted that the average of OPEC and non OPEC countries in the next six months would make it difficult to balance the reduction of production to 1million barrels/day

in addition, he also predicted that the oil price would rise above $60 a barrel by the end of June next year

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