Commodity oil recovery may be on the way

The supply and demand of oil may be heading for a compromise, according to OPEC members. Is that oil production of organization of petroleum exporting countries had reduced million barrels per day in August. The total last month was 32,755,000 bpd, when in July the volume was at 32,834,000.

According to the Secretary General of the group, the process of rebalancing comes Yes going on, mainly due to the support and effort of cartel members and participating countries. Since the end of 2016, the Opec producers such as Russia and agreed to reduce the production of "black gold", that Pact has been extended recently to may 2018.

However, despite the efforts to reduce the production, the barrel of oil hasn't been raised to more than US $ $50, which often puts in doubt the effectiveness of the cuts under the market. Stay informed about everything what happens in the oil, gas, energy, gasoline, fuels, Petrobras, onshore and offshore. Remember: your business. Check out: www.panoramaoffshore.com.br. www.facebook.com/panoramaoffshore.

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