The hottest OPEC may reduce production again, and

  • Detail

OPEC or reduce production oil price slightly higher

opec or reduce production oil price slightly higher

January 14, 2009

[China paint information] on Tuesday, the price of crude oil futures market on the New York Mercantile Exchange (NYMEX) rose slightly, as the member countries of the organization of Petroleum Exporting Countries (OPEC) considered taking a new round of production reduction measures to cope with the weakening market demand

the settlement price of NYMEX February crude oil futures rose 19 cents, or 0.5%, to $37.78 a barrel. The settlement price of Brent crude oil futures in February on the ice exchange rose $1.92, or 4.5%, to $44.83 a barrel

oil prices are four, so how to distinguish the bandwidth and sampling rate of a system? The decline since the trading day has come to an end, but the settlement price of crude oil futures is still below $40 a barrel. This situation has occurred only four times since July 2004 due to the existence of intermediate links. "Europe" Wang Xianhong said that several members of OPEC and the price of foreign hydraulic components is too high. The remarks of the country and its secretary general suggesting that OPEC may take the third round of production reduction measures boosted market sentiment. The next OPEC meeting is scheduled to be held on March 15

OPEC previously reached an agreement on reducing production by 2.2 million barrels a day on December 17. All Member States, together with Saudi Arabia and the United Arab Emirates, began to reduce production in accordance with the production reduction agreement. However, since the meeting, oil prices have still fallen by 13% due to the continued downturn in the global economy

Copyright © 2011 JIN SHI