OPEC+ to keep the same oil production quotes and price
OPEC+ to keep the same oil production quotes and price
December 7, 2019
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| OPEC+ to keep the same oil production quotes and price |
|---|
News:
| It is the time of OPEC and OPEC+ meeting in Vienna. The worldwide
expectations are focus over the new productions cut between 400 000 and
500 000 barrels per day.
Russia has the last word finally and it will happen tomorrow (Friday Dec
6th). Russia is on the way to say that the current Oil price is a good
price and further productions cut may cause damages ahead the winter
season.
The other factor cause oil price is continuing of trade negotiations
between USA and China. [World-Signals.com][1] expects new failure of
these negotiations that will cause low oil prices during the end of this
month.
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- www.world-signals.com (www.world-signals.com)