Repeat the call for OPEC to lower oil prices



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Caracas.- United States President Donald Trump once again urged the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices.

Through his Twitter account, Trump wrote: "The monopoly of OPEC must remember that fuel prices are high and that they do little to help."

added the US leader, "at best, prices rise even more while the United States defends many of its members for very little dollars.", Reuters said on Thursday.

Last week, the King Salman bin Abdulaziz Al Saud of Saudi Arabia, leader of OPEC, assured Trump that Kingdom could increase oil production if needed and that the country has an unused capacity of 2 million barrels a day that could be used to help reduce prices to offset the decline in pumping in Venezuela and Iran.

Iran's governor in front of OPEC, Hossein Kazempour Ardebili, said that Trump has contributed to the rise in oil prices through his tweets, quoted yesterday by the Shana News Agency

.prices at least $ 10. Please stop this method ", said Kazempour Ardebili, in statements collected by the Press agency of the Ministry of Oil.

Russian production rises

As tensions continue on hydrocarbon prices, oil production Russia reached 11.193 million barrels per day (bpd) between July 1 and July 4, against 11 , 06 million b / d in June, said a source who preferred to remain anonymous, after the major producers of crude had decided to lift its restrictions on the crude pumping.

Russian Minister of Energy Alexander Novak said the country would increase its oil production by 200,000 barrels a day during the second half of 2018 after the average March / May extraction on average 10.97 million bpd

The increase comes after the decision of the OPEC and external allies to ease production cuts and to return to the levels of total compliance of the company. 39, Vienna Agreement, implemented since the beginning of 2017.

Pdvsa signed 11 agreements

On the other hand, the Minister of Petroleum, Manuel Quevedo, signed 11 agreements with nine companies integrated well services in the western region of the country to contribute to the increase in oil production in Venezuela.

Through these agreements will be made the integral service of recovery of production, specialized services for wells, the maintenance of the lake fleet and the reconnection of wells, according to press release ..

The signing took place after a working meeting with representatives of the Company and joint ventures, in the west of the country.

During the meeting, the minister agreed on a schedule of visits to the oil fields of Zulia and Trujillo states. The visits will include meetings with oil workers, so that "they feed me what is needed to continue to strengthen production in the region." They also analyzed the lines drawn to strengthen the industry in the west of the country, he said.

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