Archived Non-OPEC oil producers to cut output 558,000 barrels a day; USA to keep pumping!!! (usatoday.com)
submitted ago by GIF-lLL-S0NG
Posted by: GIF-lLL-S0NG
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Archived on: 3/11/2017 10:00:00 AM
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Archived Non-OPEC oil producers to cut output 558,000 barrels a day; USA to keep pumping!!! (usatoday.com)
submitted ago by GIF-lLL-S0NG
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[–] GIF-lLL-S0NG [S] 0 points 1 point 1 point (+1|-0) ago
~ $28 million per day more for US oil is always good news.
[–] Ardrianian ago (edited ago)
I'm all for people getting paid and more market share for us!
[–] derram ago
https://archive.is/7QmlN :
'Oil closed at $51.58 on Friday, up 6 percent since the OPEC production cut was announced. '
'Saudi oil minister Khalid Al-Falih called Saturday’s deal “historic” and said it would stabilize the market through next year and encourage industry investment. '
'VIENNA — OPEC has persuaded 11 non-member oil producers to cut production in an attempt to raise the low prices that have squeezed government finances in resource-dependent countries. '
'Qatari Energy Minister Mohammed bin Saleh al-Sada, OPEC’s president, said Saturday that non-members agreed to cut 558,000 barrels per day, less than the 600,000 barrels a day that OPEC had hoped for. '
'Russian energy minister Alexander Novak called the meeting “a unique window of opportunity for oil producers to help the market find equilibrium. '
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