Saudi Energy Minister Khalid Al-Falih said in a speech that Saudi Arabia is expected to cut production again in February, while maintaining production within six months "far below" the new round of production cuts. As the world's largest crude oil exporter, Saudi Arabia's January crude oil production target is 10.2 million barrels per day, which is expected to be reduced to 10.1 million barrels per day in February. It is reported that in the latest round of production reduction agreement, Saudi Arabia promised a production level of 10.33 million barrels per day. At present, the Organization of Petroleum Exporting Countries (OPEC) is actively promoting production cuts under the leadership of Saudi Arabia's firm production cuts. However, the market is worried that maintaining a record high US crude oil production will limit the effect of the production cuts on oil prices. Falih said: "When we look at the oil market, we see the difference in prices, which makes the export of crude oil to the United States unattractive, so we will make adjustments, and the US market will also become our production reduction. Main destination." On the other hand, the political situation in Venezuela is full of uncertainty, but Falih pointed out that the crude oil supply of this OPEC member country has experienced a big decline. Analysts said that this will bring some positive benefits to oil prices. The eye nut refers to the part that the nut and Bolt or Screw are screwed together to play a fastening role. It is an essential part for all production and manufacturing machinery. The lifting eye nut is a hanger commonly used in engineering. There is a screw thread under the nut, which can be drilled according to its different specifications and fixed by the screw mouth. Eye Nut,Lifting Eye Nut,Eye Nuts,Stainless Steel Eye Nut Jiangsu Jiajie Special Screw Co., Ltd , https://www.tzbolts.com
Saudi Energy Minister stated that production will continue to decrease in February and production will be lower than the promised level within six months.
Summary Saudi Energy Minister Khalid Al-Falih said in a speech that Saudi Arabia is expected to cut production again in February, while maintaining production within six months "far below" the new round of production cuts. As the world's largest crude oil exporter, Saudi Arabia...