The organization of Petroleum Exporting Countries (OPEC) ministerial meeting held in Vienna in November 30th. Finally, the parties to reach an agreement to cut output. nike dynamo free ps This boost, Adidas Stan Smith Homme international oil prices. The industry believes that OPEC output to reach an agreement will be caused by rising oil prices in the short term, Asics Gel Kinsei 6 Femme but in the long term, Nike Air Max 90 Femme Blanche does not fundamentally solve the problem of imbalance between supply and demand of crude oil.

OPEC output to reach an agreement of international oil prices

Beijing time on Thursday held a news conference about 00:10, New Balance 515 femme opec. OPEC’s president and Qatar energy minister Sardar (Mohammed Saleh al-Sada) presided over the meeting and announced the OPEC output to reach an agreement, the yield reduced to 32 million 500 thousand barrels / day. Because Indonesia is still in the import of crude oil, Asics Gel Lyte 3 Femme Beige so Indonesia will not participate in the production agreement, New Balance 999 femme other countries agreed to freeze Indonesia’s membership, Air Jordan 3.5 Spizike Femme but Indonesia does not withdraw from opec. Non OPEC members have made a commitment to participate in production cuts, Adidas Zx 700 Femme Leopard reductions in total 600 thousand barrels a day, Russia promised to cut 300 thousand barrels / day.

Posada said, OPEC will establish a supervisory committee to implement the agreement, Kuwait, new balance grise Venezuela and Algeria will oversee the production agreement.