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On Wednesday, July 25, 2018 – 2:32
| Last update:
On Wednesday, July 25, 2018 – 2:32
The US Energy Information Administration predicts that the average global oil production volume will reach 1.4 million barrels in 2018 and fall to 1 million barrels per day in 2019.
The International Finance Institute said that the OPEC decision will lead to a slight rise in oil prices to reach $ 73 per barrel in the second half of 2018, but it will fall to $ 65 in 2019 and set to 69 $ at the end of 2019 and at $ 66 a barrel by the end of 2020.
OPEC member countries and some third countries, in the Austrian capital, Vienna, to discuss Increased production US President Donald Trump has asked Saudi Arabia, OPEC's largest oil producer, to increase its production.
The report of the International Finance Institute (IFC) commented on OPEC's decision to increase production from July 2018.
The OPEC, in November 2016, continued to reduce production to 1.8 million barrels per day, but the resulting reductions Production interruptions in Venezuela and Liberia reached $ 80 per barrel in May
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