Can’t hold up! Saudi Arabia needs international oil prices rose to $70 a barrel 88ququ.com

Can’t hold up! Saudi Arabia needs international oil prices to rise to $70 a barrel [Abstract]]Tuvey said Saudi Arabia needs international oil prices to rise to about $70 a barrel, so that the country’s finances can be substantially improved. In other words, it is far from enough to freeze oil production. According to the Business Insider article, all of the recent people are expected, OPEC will be held in Algeria on September 26th to 28 informal talks, OPEC Member States will reach an agreement. However, the most talked about is the talks between Saudi Arabia and Russia during the G20 summit in china. Sources said that Saudi Arabia and Russia will cooperate in supporting oil prices, and may discuss the possibility of freezing oil production. Shortly after talks between the two countries, Iran announced that it would support an agreement to freeze oil production, but Iran has never made it clear that it wants to support the proposal to freeze oil production. However, some people say that Saudi Arabia may eventually oppose any form of agreement. Capitaleconomics (Capital Economics) the Middle East economist Jason Tuvey said in the report: "the decline in economic growth has prompted Saudi Arabia Saudi authorities to soften your attitude, consider supporting the frozen oil production proposal." Although the possibility of a freeze on oil production is now much higher than a year ago, there are still many uncertainties. For example, Iran and Saudi Arabia’s strained diplomatic relations, in this regard, it may not be Saudi Arabia and Iran stand on the same position. Tuvey said Saudi Arabia needs international oil prices rose to about $70 a barrel, so that the Saudi finance can be substantial improvement. In other words, it is far from enough to freeze oil production. Over the past 2 years, Saudi Arabia did not expect other oil producing countries to take action to support oil prices. Tuvey said Saudi Arabia’s position would be challenged if other oil producing countries were really doing anything to support international oil prices. All oil producing countries do not cut production, nor to adopt the policy of freezing oil production seems to be the default, the country should be higher oil production cost of crude oil market. But this strategy seems to have failed. And Saudi Arabia’s behavior has seriously damaged the image of the Saudi government. Last week, the Saudi oil minister, also denied the support of Saudi Arabia’s oil production. This also led to many analysts believe that the possibility of cooperation between Saudi Arabia and Russia to support the possibility of oil production is very low. In addition, Mohsen, the head of international affairs in Iran, Ghamsari, said Iran would consider a proposal to freeze oil production before oil production reaches the level of sanctions. According to Bloomberg reported that before Iran’s oil production of more than 4 million barrels per day, Iran’s current oil production is about 3 million 800 thousand barrels per day. Magri’s research team said: Although many recent official rhetoric to support the proposal to freeze oil production, but did not see the possibility of the implementation of this agreement. In particular, taking into account the current tense situation in Iran and Saudi Arabia, the possibility of cooperation is even more.相关的主题文章: