Baku 12° C
OPEC reduces oil production to three-month low
Energy
- 10 September, 2016
- 12:46
Baku. 10 September. REPORT.AZ/ OPEC reduced oil production to three-month low.
Report informs referring to The Wall Street Journal, the overall level of production of OPEC countries fell in August by 200 thousand barrels per day - to 33 million barrels a day. These figures are the lowest since May 2016.
The newspaper said the decline is due to Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.
The organization stated that such data shows the readiness of countries to freeze production level.
Author
Latest News
18:06
EU warns of escalation risk following Iran's attacks on Azerbaijan
Foreign policy18:01
Trump demands unconditional surrender from Iran
Other countries17:58
President Ilham Aliyev thanks Albanian PM for unwavering support for Azerbaijan
Foreign policy17:58
Azerbaijan appeals to ICAO over Iran's drone attack on Nakhchivan Airport
Infrastructure17:49
BP may start extracting gas from deep-seated reserves at ACG
Energy17:48
Serbia's MFA condemns Iran's drone attack on Nakhchivan
Foreign policy17:45
Giovanni Cristofoli: Azerbaijan has very favorable environment for investors
Business17:38
Israel's airspace to reopen gradually from March 8
Other countries17:35