The following warnings occurred:
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined variable $awaitingusers - Line: 34 - File: global.php(844) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/global.php(844) : eval()'d code 34 errorHandler->error
/global.php 844 eval
/showthread.php 26 require_once
Warning [2] Undefined array key "mybb" - Line: 1952 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 1952 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 629 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(732) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(732) : eval()'d code 5 errorHandler->error
/showthread.php 732 eval
Warning [2] Undefined array key "additionalgroups" - Line: 7162 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 7162 errorHandler->error
/inc/functions_user.php 844 is_member
/inc/functions_post.php 406 purgespammer_show
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(474) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php(474) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 474 eval
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showimages" - Line: 741 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 741 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 746 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 746 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "invisible" - Line: 1506 - File: showthread.php PHP 8.0.30 (Linux)
File Line Function
/showthread.php 1506 errorHandler->error
Warning [2] Undefined variable $threadnotesbox - Line: 30 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 30 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $addremovesubscription - Line: 79 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 79 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $forumjump - Line: 86 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 86 errorHandler->error
/showthread.php 1533 eval




Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
OPEC output cuts likely next year
#1
OPEC output cuts likely next year
Thursday, November 08, 2018  NEW



                           [Image: pnpfQQ9tzIoLQRpgZv2B8H3TR-2WowejGPVRmXxA...xjQs3=s0-d]
A return to oil production cuts by the Organisation of Oil Exporting Countries (OPEC) and its allies cannot be ruled out next year, a senior OPEC source said yesterday.

The move, the source explained, is to avert a possible supply glut that could weigh on prices.

The hint came on a day that oil rebounded to $73 a barrel after falling to its lowest since August.

The OPEC source was responding to a report by Russia’s TASS news agency that Russia and Saudi Arabia had started bilateral discussions over possible curbs to output in 2019.

Saudi-led oil cartel and its allies, including Russia, decided in June to relax output curbs in place since 2017, after pressure from United States (U.S.) President Donald Trump to reduce oil prices and make up for supply losses from Iran.

When asked whether discussions pointed to a return to supply cuts in 2019, a second delegate from OPEC said: “certainly not the other way around.”

Oil prices have come under downward pressure from rising supplies, even though Iranian exports are expected to fall because of new U.S. sanctions.

Forecasts of a 2019 supply surplus and slowing demand have also dented the market.

Brent crude LCOc1 had dropped from a four-year high in October above $86 a barrel to $71.18 dollars on Tuesday, its lowest since August 16. The U.S. crude CLc1 rose 58 cents to $62.79.

While Iranian oil exports are expected to fall because of U.S. sanctions that took effect on October 5, reports from OPEC and other forecasters have indicated that the global market could see a 2019 supply surplus as demand slows.

But prices rallied back above $73.04 dollars yesterday, the TASS report said.

A ministerial committee of some OPEC members and allies will on Sunday meet in Abu Dhabi to discuss the market and outlook for 2019.

The group, known as the JMMC, could make a recommendation on 2019 output policy to the next decision-making meeting of OPEC and non-OPEC oil ministers, a third OPEC source said. That meeting is billed for December 6 and Dec 7 in Vienna.


“Any serious discussion will be toward the December meeting,” the third source said.
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Oil Price Hits $71.28 On OPEC's Decision Edoman 1 978 03-09-2021, 09:34 AM
Last Post: Edoman
  NNPC Records ₦2.034 Trillion Revenue From Petrol Sales In One Year Edoman 1 946 02-08-2021, 01:15 PM
Last Post: Edoman
  Fed Govt generates N1.9tr from petrol sales in one year Edoman 0 656 01-31-2021, 11:58 AM
Last Post: Edoman
  OPEC predicts 6.6% rise in oil demand Edoman 0 702 01-16-2021, 09:11 AM
Last Post: Edoman
  Nigeria’s crude oil earnings rebound by 116%–OPEC Edoman 0 849 12-09-2020, 05:59 PM
Last Post: Edoman
  Chevron cuts spending by $16b on COVID crisis Edoman 0 779 12-04-2020, 04:36 PM
Last Post: Edoman
  Oil falls as demand concerns overshadow OPEC cut extension Edoman 0 835 10-27-2020, 12:37 PM
Last Post: Edoman
  Nigeria’s oil sector suffers 6.63% decline amid production cuts Edoman 0 1,003 08-26-2020, 09:38 PM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)