Wednesday 28 september 2016 20:55
NEW YORK (REUTERS) – The organization of the petroleum exporting countries OPEC, there is Wednesday during an informal discussion in Algeria succeeded in developing a heads of agreement to reach about for more details measures. Reported that multiple sources surrounding the negotiations. The imminent deal provided a strong increase of the oil prices.
According to insiders, the OPEC countries, a production of 32.5 million barrels per day agreed from november. That are approximately 750,000 barrels less than in August per day, oil was pumped up. The OPEC countries account for about 40 percent of global production.
Now that the countries agree, it is the case also in countries which are not OPEC are connected, such as Russia. This matter is now discussed. Russia, which recently his production is still huge. The country currently accounts for 11.1 million barrels per day.
Oil
After the messages have reached an agreement to out had come, made the oil price jump into the air. For a barrel of American oil had about 20.45 hours 46,93 dollar be afgetikt, that meant an increase of more than 5 percent. Brent climbed 5.4 percent to 48,47 dollars per barrel.
With an agreement about the production should oil prices propped up. Many oil producers such as Saudi Arabia, but also Venezuela have suffered from the low prices, because the income is heavily under pressure.
It is for the first time in eight years that the OPEC countries reached a political agreement on a production. According to experts, this means the deal may also be an improvement in the ratio between sworn enemies Iran and Saudi Arabia. Since 2014 clash of the superpowers already have the olieproblematiek.
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