Only 5 of the top 14 invited non OPEC oil producin

2022-07-23
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At present, only 5 of the 14 invited non OPEC oil producing countries have confirmed to attend the weekend production reduction meeting

, It is hoped that the scope of production reduction can be further expanded. However, only 5 of the 14 non OPEC member states that have received the invitation have confirmed to attend

opec reached its first production reduction agreement in 8 years last week, hoping to get more cooperation from non OPEC oil producing countries

the last time non OPEC oil producing countries cooperated with OPEC to reduce production was at the end of 2001. At that time, the oil price plummeted after the September 11 terrorist attacks. OPEC had hoped that non OPEC oil producing countries could reduce production by 500000 barrels per day, but non OPEC oil producing countries nearly promised to reduce production by 462000 barrels per day

Russia has recently stated that it is willing to cut its crude oil production by 300000 barrels/day. OPEC hopes that other non OPEC oil producing countries can contribute another 300000 barrels per day of production reduction

some O3 is to speed up the research and development of plastic equipment. PEC sources believe that 6 metal oxide flame retardant is mainly to add inorganic elements with intrinsic flame retardancy to the flame retardant base materials in the form of simple substance or compound. The output reduction of 0 million barrels per day is reasonable for non OPEC oil producing countries. At that time, we should be able to keep our promise that our profit margin is flat

a source said: "I think they will reach an agreement, which should not be very difficult."

relevant information shows that the non OPEC oil producing countries confirmed to attend the weekend production reduction talks are Russia, Azerbaijan, Kazakhstan, Oman and Mexico

another source said: "it is still uncertain. Everything will not be known until after the meeting on Saturday."

the third OPEC source said that the production reduction commitment of 500000 barrels per day may be reached in the end

apart from Russia, only Oman, a non OPEC oil producing country, publicly declared that it was willing to reduce production. In addition, Azerbaijan also hinted that it would cut production, and Kazakhstan's position is not clear

opec member Nigeria said yesterday that even if the non OPEC oil producing countries only have the Russian formula: cooperate with the production reduction, OPEC will continue to implement the production reduction plan of 1.2 million barrels/day

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