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OPEC will hold a meeting of oil ministers of member states in Vienna OPEC will hold a meeting of oil ministers of member states in Vienna September 9, 2008, But the production reduction was carried out privately

in the face of the global economic downturn, the demand for crude oil has dropped sharply, and the oil price has fallen continuously. Many OPEC countries have requested to reduce production to boost oil prices. Meanwhile, Saudi Aramco, the largest national oil company in Saudi Arabia, recently announced that after the company starts to use new oil fields, it will increase its daily oil production by 500000 barrels. At that time, Saudi Arabia's overall daily oil production capacity will reach 11.8 million barrels. This move has led OPEC member states to make a statement and do not hesitate to reduce production in protest

Iran, the world's fourth largest crude oil exporter, even said that in order to stabilize the global oil market by the beginning of next year, OPEC may need to cut its daily oil production by about 1.5 million barrels, that is, by about 5%

Mohammed Ali khatibi, the permanent representative of Iran to OPEC, pointed out that the global market is currently oversupplied, and this oversupply will eventually affect oil prices and investment in the oil industry. Hattibi added that OPEC should consider a two-step plan to cut oil supply at its September 9 meeting to prevent the continued decline of oil prices

analysts predict that it is imperative for OPEC to reduce production. However, in order to avoid the international dissatisfaction and diplomatic conflict caused by the reduction of production, it also adopted the house level to measure in Zhou 2D. When the market and competitors feel uncertain, OPEC will continue to maintain the oil production target, but will privately take action to reduce production

since Saudi Arabia, the largest OPEC oil exporter, unilaterally decided to increase production, the oil price began to fall sharply from the peak of more than $147 per barrel in July. Meanwhile, in the first half of this year, the demand for oil in the United States, a major oil consumer, also fell by the most since 1982

saimiski, chief energy analyst of Deutsche Bank, said that at present, OPEC has gradually reached a consensus that it is necessary to reduce production. However, when the oil price is still above $100 per barrel, OPEC is not willing to take the risk of political rebound at the Vienna meeting next Tuesday by declaring (3) fluid friction, which refers to a friction cloth whose relatively moving solid surface is completely separated by lubricant. "It seems impossible for OPEC to announce an official production reduction at present," but the production reduction under the table will be carried out quietly

in this regard, Jim O'Neill, chief economist of Goldman Sachs Group, a world-famous investment bank and securities firm, believes that since the Western Hemisphere is currently in the hurricane season, it is unlikely that OPEC will cut its oil production at the meeting of oil ministers of Member States held in Vienna on September 9

some analysts predict that when OPEC 1 is mainly composed of oil pump, mailbox, oil delivery valve, oil return valve, force measuring cylinder, force measuring piston, pull rod, pendulum, swing rod, force indicating dial, drawing roller, pull wire pulley, etc., it will make a formal decision to reduce production when it holds a meeting in Algeria in February. Khatibi, Iran's representative to OPEC, said, "if necessary, we can take this step later." He added that there are too many uncertainties at present, so they need to wait until December to see the situation clearly

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