+++ Oil +++: Now rising prices, Russia and other Oil-producing countries threaten to … – FOCUS Online

+++ Oil +++: Now threaten rising prices, Russia and other Oil-producing countries in production volumes

Sunday, 11.12.2016, 09:50

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The price of Oil affects the economic development like no other commodity. And also the consumers notice changes significantly during Refueling and at your energy bill. The Ticker informs about the current development.

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Sunday, 11. December, 09.55 PM: , After the organization of the petroleum exporting countries (Opec) have decided to further oil-producing countries a reduction of their production volumes. As the Opec Chairman, Qatar’s energy Minister Mohammed Bin Saleh al-Sada, announced after a joint meeting in Vienna, want to Russia and ten other States cut their daily production by a total of 558.000 barrels per day.

at the end of November had decided on the organization in the fight against a fall in the price of the raw material, for the first time in eight years to reduce their flow rate. From 1. January will be promoted Opec-day up to 32.5 million barrels, 1.2 million barrels less than in the past. Russia had already made at the time of a reduction by 300,000 barrels per day.

the dealer said that there is a slight counter movement to the recent rise. The organization of the petroleum exporting countries, meanwhile, tries to involve other countries outside of the cartel to limit the promotion. So wants to meet Opec with oil-producing countries such as Mexico and Kazakhstan on Saturday in Vienna.

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