5 hours agoOPEC reduces oil production, price increases in Kosovo
Periskopi(8 years ago)
(8 years ago)CNN has reported an agreement between Russia and the OPEC to reduce oil and derivative production for 1.2 barrels a day. This decrease in production becomes a safeguard against the global oil price loss of up to 30 percent. Russia, although not a member of the organisation “O PEC”, is [...]
This decrease in production becomes a safeguard against the global oil price loss of up to 30 percent.
Russia, although not a member of the organisation “O PEC” is invited to the meeting to make this agreement concrete.
Even in Kosovo, such an increase in oil prices is expected. This is because the price for the oil market alone determines the OPEC.
In fact, the head of the Kosovo Oil Association, Fadil Behrani, for news.net has said that the price of oil in supply has been raised for 2 cents, but not for sale.
He has stressed, among other things, that if oil production is reduced by the OPEC, then it automatically affects oil price growth in Kosovo as well.
