The United States has become the biggest threat to the freeze agreement www.ppp444.com

The United States has become the greatest threat to freeze production agreement reached U.S. stock market center: exclusive offer full industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks in Beijing 16, Reuters said, with the slowdown in demand, and the global oversupply become more ingrained, the organization of Petroleum Exporting Countries (OPEC) and the rival Russia issued the frozen production suggests that affected oil prices in the past two weeks of turmoil in the trend for the number of months since the most. OPEC and Russia will hold a meeting in the International Energy Forum in Algiers two weeks later. The two sides are facing increasing pressure, the outside world hope that they can not only freeze production, and may even reduce production. No matter what the decision of the two competitors, there is an oil producing countries over the past five years, growth has exceeded them, and may never join any control of the supply of the organization. This is the United states. Since 2010, thanks to shale oil production boom, U.S. crude oil production increased more than any other major oil producing countries. America’s current oil production is about 2 million 870 thousand barrels a day higher than it was a year ago, while Saudi Arabia and Iraq’s crude oil production increased by 2 million 470 thousand and about $1 million 900 thousand a barrel from a year earlier to $six. The total output of the entire OPEC increased by approximately 3 million 150 thousand barrels per day. "If OPEC decides to cut production at the Algiers meeting, or if it is true, then the price of oil will rise, but who will benefit most from high oil prices? The answer will be us… We will soon return to such a situation, that the United States will move towards the previous production event, which began again to absorb market share, "Wood Mackenzie analyst Ann-Louise Hittle said. "This is another reason why it is difficult for OPEC to reach a freeze agreement," she said. "The United States is a global threat in terms of market share, and is not only a threat to indirect exports, particularly in countries where it can now export crude oil." In November 2014, OPEC abandoned the policy of restricting supply to support oil prices. Since then, oil prices fell more than 40% to about $46 a barrel. Output growth in countries such as Saudi Arabia and Iraq has been offset by declines in domestic production in Libya, Nigeria and Venezuela, while Iran is just about to return to the level of output before Western sanctions. Western countries have taken sanctions against Iran’s nuclear program and lifted sanctions in January 2016. Russia as the world’s largest oil producer, the daily output will be increased by about 550 thousand barrels; although the Russian energy minister Novak (Alexander Novak) said "the market of frozen production will help, but it may be very difficult to perform limited production. Taking into account the structure of the U.S. oil industry, as well as the number of producers involved in U.S. crude oil production, frozen production is simply impossible, JBC Energy senior analyst Alexander Poegl said. "The government did not implement the corresponding provisions, how can limit the yield increase Cong相关的主题文章: