Godlike Productions - Discussion Forum
Users Online Now: 1,701 (Who's On?)Visitors Today: 678,200
Pageviews Today: 1,445,462Threads Today: 705Posts Today: 12,062
06:59 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Saudi Arabia tells OPEC its output has dropped as the group discusses a production freeze

 
Uncle Fuck Stick
Offer Upgrade

User ID: 71682407
United States
09/08/2016 02:19 PM
Report Abusive Post
Report Copyright Violation
Saudi Arabia tells OPEC its output has dropped as the group discusses a production freeze
[link to www.bloomberg.com]


Kingdomís production falls to 10.63 million barrels in August
Saudi Arabia pumped record 10.67 million barrels a day in July
Saudi Arabia told OPEC that its oil production dropped by 40,000 barrels a day in August to 10.63 million barrels as the group debates a deal to curb output to shore up prices.
The figures were submitted to the Organization of Petroleum Exporting Countries, according a person with knowledge of the data, who asked not to be identified because the information hadnít yet been made public. The countryís output declined from an all-time high of 10.67 million barrels a day in July, according to OPEC submissions.
OPEC and Russia are putting cooperation back on the table, after two years of a Saudi-led strategy by the producer group to pump flat out to protect market share against the surge in U.S. shale oil. Their last attempt to do this -- a proposal to freeze output in April -- collapsed after Saudi Arabia refused to proceed without all OPEC states, including regional rival Iran, participating.


More in link
:4hlick:





GLP