At the end of the year 2016 and then OPEC and other oil producers of
11 countries including Russia any agreed decreases production amounted
to 1.8 million barrels per day.









See:






EQUITY WORLD : Price Gold Rose To The Highest 4 weeks After U.S. Dollar Goes Down

This
agreement is effective as of 1 January 2016. Last month, Saudi Arabia's
Energy Minister Khalid Al-Falih declared the world prices of crude oil
are forecast to be recovered in line with OPEC'S commitment in the
agreement that has been reached. This intervention aims to get back to
balance the oil market, where prices have to go up to encourage new
investment.

"Crude oil prices will be stable in the range back 50
and 100 u.s. dollars per barrel," explained Al-Falih. U.s. oil buyers
will pay a premium of 20 cents u.s. dollar per barrel higher for either
type of Extra Light crude oil and Light in February 2017.



PT Equityworld Futures Surabaya: EQUITY WORLD : Saudi Arabia raised the price of oi...: EQUITY WORLD - Saudi Arabia raised the price of oil for February 2017 sale to Asia. This is in line with the world's largest oil produc...