pinto + 172 PZ Posted May 24, 2018 Russia and Saudi Arabia’s energy ministers will discuss a relaxation of the global oil production cap agreed between Opec and Moscow, amid calls for oil producers to boost output after supply cuts helped drive prices to around $80 a barrel. The historic 2016 agreement between the previous oil market rivals helped arrest a sliding crude price by reducing global output by 1.8m barrels a day. But, as we know collapsing production in Venezuela and fears over the impact of renewed US sanctions on Iran output have seen prices jump, sparking calls for a rethink. This meeting will come few weeks before the meeting in Vienna, 22 June ( OPEC, Russia and other producing countries) Share this post Link to post Share on other sites
Petar + 76 PP Posted May 24, 2018 I hope they get on with... Share this post Link to post Share on other sites
rainman + 147 RA Posted May 24, 2018 Sell oil $71 stop above recent high, target much lower... Share this post Link to post Share on other sites
damirUSBiH + 220 DD Posted May 24, 2018 Such a limpid game. There is literally no way they will do this right now. But they will talk about doing this. Share this post Link to post Share on other sites
Bout78 0 FB Posted May 24, 2018 Well, I am glad to be part of this community I don’t know much about what’s going on in here but I am willing to watch closely to learn from the experts in here :)! Share this post Link to post Share on other sites