Saudi Arabia may increase production in order to drive down the price of oil
Saudi Arabia put forward before the end of the year to provide additional oil supply to major customers in the United States, Europe, Asia, and the signs that the world’s largest exporter of crude oil to worry about the impact of rising oil prices on the global economy.
Last month the Group of Seven (G7) finance ministers called on oil-exporting countries increase production. Saudi initially lukewarm response, saying that supply and demand are balanced. Saudi Arabia has recently taken measures to drive down oil prices, in consultation with the refinery, proposed to supply additional oil.プラダバッグ
Gulf region, an oil official told the Financial Times: “The current high oil prices, we hope that the drop in oil prices to $ 100 a barrel.”
Since mid-June, the global oil benchmark Brent crude oil prices rose 33%, rose to a high of $ 117.95 a barrel on Friday. On Monday, the price is reduced by nearly $ 4 within four minutes. Yesterday, the price was further reduced to $ 112.70.
In March, Saudi Arabia has launched a similar consultations with the refinery, after a few weeks, the country’s increase in production to 10 million barrels per day, a 30-year high. Currently, Riyadh refinery being evaluated reply.
Last month, Saudi Arabia’s daily oil production of 990 million barrels, but officials pointed out that Saudi Arabia’s daily output of nearly 10 million barrels again: “We are working with customers on their oil demand consultations, and told them that we are ready to supply more oil . ”
The Organization of Petroleum Exporting Countries (OPEC) OPEC representatives pointed out that Saudi Arabia is trying to drive down the price of oil. “Saudi Arabia is to actively manage the market,” said an oil official OPEC an African member states, “When summer oil prices dropped to $ 90 when they supply a slight reduction in oil prices above $ 115, they will supply more much oil. “プラダメンズ 財布
Processing your request, Please wait....
