OPEC production is expected to push oil prices rebounded Friday
Friday in New York crude oil futures prices closed higher. In the last trading day of crude oil futures prices fell 9.3 percent after buying some of today's oil prices push in the four trading days up for the first time.
Up close, the New York Mercantile Exchange, February delivery of crude oil futures rose 2.36 U.S. dollars, or 6.7 percent, to close at 37.71 U.S. dollars a barrel. Today, despite rising oil prices, but oil prices this week dropped a total of 11%.
According to FactSet Research data released by the agency so far this year, the cumulative decline in crude oil futures prices have more than 60%, is likely to suffer in 1983 on the New York Mercantile Exchange crude oil futures since the beginning of the largest annual decline.
Prior to this Organization of Petroleum Exporting Countries (OPEC, OPEC) has taken measures to stabilize oil prices, but were unsuccessful.
OPEC members control the world's oil production of about 40%. The organization will be in November this year, members of the daily oil production quota cut of 150 million barrels in the December meeting also decided to 2,200,000 barrels per day output.
Historically, the former OPEC member countries reached an agreement to cut oil production quotas, very few sincere cooperation. However, the International Monetary Fund analyst Edward - Meyer (Edward Meir), said, "There is no doubt that oil prices have plunged in a row makes the organization of the Joint shocked, therefore, we can infer that the member countries of OPEC Cooperation between the attitude may be some more seriously than before. "
Meyer said that "if OPEC member countries is indeed the one heart and one mind to comply with the provisions of production, by the end of January next year when crude oil futures prices may have bottomed out."
According to Dow Jones news report, OPEC's third-largest oil among manufacturers in the United Arab Emirates Thursday, said from the beginning of February to cut oil exports up to 15%. According to the OPEC report, in November this year, the United Arab Emirates daily oil production was 240 million barrels.
OPEC rotating president, Algerian Energy and Mines Minister Chakib - Khelil (Chakib Khelil) has recently said that in order to stabilize oil prices, the organization is willing to continue to take the necessary measures to cut. Saudi Oil Minister Ali - Ali (Ali Naimi) has recently reiterated that "fair and reasonable" oil prices should be around 75 U.S. dollars a barrel.
According to Reuters, Naimi said oil prices fell for the oil-producing countries has led to the investment plans hit "catastrophe" and would seriously affect the future supply of oil.
Friday published a number of economic data is also further evidence of global economic growth is slowing, so that oil futures have been a serious downward pressure.
Japanese Economy, Trade and Industry (Ministry of Economy, Trade and Industry) reported Friday, November industrial output decreased by 8.1 percent last month, the Japanese government since the 1953 publication of the report the largest decline since.
Japan is ranked in the United States and China after the world's third largest oil-consuming countries.
Friday in New York crude oil futures prices closed higher. In the last trading day of crude oil futures prices fell 9.3 percent after buying some of today's oil prices push in the four trading days up for the first time.
Up close, the New York Mercantile Exchange, February delivery of crude oil futures rose 2.36 U.S. dollars, or 6.7 percent, to close at 37.71 U.S. dollars a barrel. Today, despite rising oil prices, but oil prices this week dropped a total of 11%.
According to FactSet Research data released by the agency so far this year, the cumulative decline in crude oil futures prices have more than 60%, is likely to suffer in 1983 on the New York Mercantile Exchange crude oil futures since the beginning of the largest annual decline.
Prior to this Organization of Petroleum Exporting Countries (OPEC, OPEC) has taken measures to stabilize oil prices, but were unsuccessful.
OPEC members control the world's oil production of about 40%. The organization will be in November this year, members of the daily oil production quota cut of 150 million barrels in the December meeting also decided to 2,200,000 barrels per day output.
Historically, the former OPEC member countries reached an agreement to cut oil production quotas, very few sincere cooperation. However, the International Monetary Fund analyst Edward - Meyer (Edward Meir), said, "There is no doubt that oil prices have plunged in a row makes the organization of the Joint shocked, therefore, we can infer that the member countries of OPEC Cooperation between the attitude may be some more seriously than before. "
Meyer said that "if OPEC member countries is indeed the one heart and one mind to comply with the provisions of production, by the end of January next year when crude oil futures prices may have bottomed out."
According to Dow Jones news report, OPEC's third-largest oil among manufacturers in the United Arab Emirates Thursday, said from the beginning of February to cut oil exports up to 15%. According to the OPEC report, in November this year, the United Arab Emirates daily oil production was 240 million barrels.
OPEC rotating president, Algerian Energy and Mines Minister Chakib - Khelil (Chakib Khelil) has recently said that in order to stabilize oil prices, the organization is willing to continue to take the necessary measures to cut. Saudi Oil Minister Ali - Ali (Ali Naimi) has recently reiterated that "fair and reasonable" oil prices should be around 75 U.S. dollars a barrel.
According to Reuters, Naimi said oil prices fell for the oil-producing countries has led to the investment plans hit "catastrophe" and would seriously affect the future supply of oil.
Friday published a number of economic data is also further evidence of global economic growth is slowing, so that oil futures have been a serious downward pressure.
Japanese Economy, Trade and Industry (Ministry of Economy, Trade and Industry) reported Friday, November industrial output decreased by 8.1 percent last month, the Japanese government since the 1953 publication of the report the largest decline since.
Japan is ranked in the United States and China after the world's third largest oil-consuming countries.
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