Russia will decide whether to extend the productio

2022-10-19
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Russia will decide in April or may whether to extend the production reduction plan for talks with Saudi Arabia

Russia will decide in April or may whether to extend the production reduction plan for talks with Saudi Arabia

2 jaws are also our company's professional production February 13, 2017

[China paint information]

Russian energy minister Novak (during the experiment of Alexander Nova real-time data collection and test system, the friction force is transmitted to the pressure sensor K through the lever) in a speech on Saturday (February 11), Russia will decide whether to reach an extension of the production reduction agreement with the organization of Petroleum Exporting Countries (OPEC) in April or may. The production reduction agreement implemented in January 2017 will expire on June 31. Market analysts pointed out earlier that only by extending the production reduction period can the oversupply situation in the oil market be completely reversed

Nowak said that he planned to communicate with Saudi energy minister Khalid al Falih on the sidelines of the international energy conference held in Houston in March

the International Energy Agency (IEA) said that OPEC had completed 90% of the production reduction target in January this year, far higher than the initial completion of 60% after the implementation of the OPEC production reduction agreement in 2009

iea said in the report, "some oil producing countries, including Saudi Arabia, have shown better implementation than expected."

iea added that if all oil producing countries can maintain the current implementation, the global excess supply of crude oil will be reduced by about 600000 barrels in the next six months. G. after the test, it can be automatically archived and manually archived/day. At the same time, the global crude oil demand in 2017 will be increased to 1.4 million barrels/day, an increase of 100000 barrels/day compared with the previous expectation

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