OPEC Plans Further Output Cut

[Icadon]

Hawa waungwana wamepunguza uzalishaji, ili bei za mafuta zipande tena kwa kudai kuwa fair price ni pale inapokuwa well above $ 75 a barrel.

Maadui wa US(Iran,Russia,Venezuela) naona mambo si mazuri.Ndio maana wanapushi sana hii cut.

Rafael Ramirez, Venezuela's energy minister, said: "We want a very, very strong decision," adding that he would support a further cut of 1m-2m b/d.

Gholamhossein Nozari, Iran's oil minister, concurred, saying: "A cut of 1.5m-2m b/d a day of Opec's oil can restore stability to the oil market and keep its price at a suitable level."

But few analysts believe Moscow will voluntarily reduce its output. Instead, they say, the country's draconian tax laws and dearth of investment will mean its production will drop this winter, regardless of what politicians say.

Naoana hawa waungwana wanazidi kuchangia kwa hali ya uchumi kuporomoka tu.

NB. Russia sio mwanachama wa OPEC

 

[Ab-Titchaz]

Oil prices have gone down nd'o maana jamaa wanapanic.

Kisha pia hawa Venezuela wanalao jambo when it comes
to their relationship with the US. Nadhani the fall in oil
prices has severely affected their ability to acquire arms
from the Russians.

 

[Mwanjelwa]

Hawa waungwana wamepunguza uzalishaji, ili bei za mafuta zipande tena kwa kudai kuwa fair price ni pale inapokuwa well above $ 75 a barrel.

Maadui wa US(Iran,Russia,Venezuela) naona mambo si mazuri.Ndio maana wanapushi sana hii cut.


Naoana hawa waungwana wanazidi kuchangia kwa hali ya uchumi kuporomoka tu.

NB. Russia sio mwanachama wa OPEC

Uchumi wa Dunia pamoja na stance ya Russia haviwezi kupandisha bei hata kidogo. Uchumu wa Dunia unatabiliwa kuwa hovyo zaidi next year, hapo nadhani itakuwa chini ya dola 17 ya mwaka 2001. Wametuumiza mno hawa jamaa kwa mwaka huu. Ngoja nao wa-adjust budget zao zifanane na hali halisi ya Dunia.

Chavez pia alikuwa anatoa oil Cuba kwa bei ya chini sana sana, kwa kuwa high prices kwenye soko la Dunia ilikuwa ina-subsides costs zingine.The price now puts that test.... ndiyo maana anahaha sana.

 

[Koba]

...unajua oil prices ni kama forces of nature,na hakuna anayejua for sure whats next,na lilikuwa kosa kubwa sana kwa waarabu walipoachia mafuta yafikie 147$ na empire zao zitaanguka kwa ajiri ya hilo kosa,sasa technology soon ita beat oil demands na ni swala muda tuu,hakuna mjinga yeyote sasa atakubali waarabu au cartels ziendeshe economy yao maana wamejifunza...sasa wako full force na technology kwa kwenda mbele,gari nyingi sasa zitakazo 2009 zinakupa 40mpg or higher ukilinganisha na 17mpg za sasa,Toyota wametoa mpaka 60mpg,battery tech improved a lot na sasa inaingia main street sio luxury tena,Detroit wanakufa kwa ajiri ya magari mabovu yanayotumia mafuta mengi nao hawana option au ni kifo tuu,obama kishasema atamwaga 150bn$ kwa renewable energy & new technology isiyohitaji waarabu....naamini soon mafuta yatakuwa obsolete sehemu nyingi,sasa waarabu inabidi waangalie namna ya kutumia yale majangwa yao labda kuna hidden treasure mle itakayowaokoa lakini mafuta sina uhakika!

 

[Mwanjelwa]

..........,na lilikuwa kosa kubwa sana kwa waarabu walipoachia mafuta yafikie 147$ na empire zao zitaanguka kwa ajiri ya hilo kosa,........

Yes. Nakumbuka Saudi Arabia na Urusi wamesema mara nyingi hii kitu. Imejaribu sana kuwashawishi wengine wapunguze bei, lakini wakawa deaf. Na sababu Saudia ilizotoa ndizo unazosema mkuu.

 

[Koba]

Oil falls nearly 6 percent
By Matthew Robinson Matthew Robinson
2 hrs 40 mins ago

NEW YORK (Reuters) – Oil dropped nearly 6 percent to below $40 a barrel on Monday on signs the global economic malaise was slowing fuel demand further.

Apparent oil consumption in China fell by 3.2 percent in November from a year ago, according to Reuters calculations, while crude imports into the world's No. 2 energy consumer dropped to the lowest level this year.

U.S. crude for February delivery settled down $2.45 at $39.91 a barrel. The January contract touched $32.40 on Friday before expiring, the lowest since February 2004, weighed down by rising stock levels at the Cushing, Oklahoma, delivery point for the New York Mercantile Exchange contract.

London Brent crude settled $2.55 lower at $41.45 a barrel.

"Chinese crude oil imports in November fell to their lowest level this year," John Kilduff, senior vice president at MF Global, wrote in a report. "Additionally, the Chinese central bank has made its fifth interest rate cut this year in an attempt to keep growth from faltering."

China on Monday cut interest rates for a fifth time since September, and Japan warned it was sliding deeper into a recession encroaching steadily on the global economy, closing factories and throttling trade.

Oil prices have fallen more than $100 since July as the global financial turmoil threatens to trigger the first contraction in world energy demand since 1983.

U.S. stocks slid on Monday as the economic slowdown continued to eat into corporate profits and outlooks, while retailers tumbled on worries of lackluster Christmas sales.

Surging demand from China and other emerging nations sent crude on a six-year rally to record highs over $147 a barrel stuck in July, before the economic crisis began to slow demand in top consumer the United States and big economies.

The Organization of the Petroleum Exporting Countries (OPEC) last week agreed to reduce output by another 2.2 million barrels per day, adding to agreements to cut 2 million bpd from global supplies made since September to help balance the market and prop up prices.

"Don't doubt the efforts of OPEC or its members to return the oil market to stability," Saudi Oil Minister Ali al-Naimi told reporters over the weekend in Qatar.

A senior OPEC delegate said the group was ready to reduce supply further if needed after the latest round of cuts were agreed last week, but added that he believed it had done enough for now to balance the market.

"OPEC should not have to do anymore, but members are willing to do more if they have to. You can never tell with this economy in downturn," the delegate told Reuters.

Asian refiners have yet to receive notice from OPEC's core Gulf members of any further reductions to oil supplies since the group announced fresh cuts last week.

A Reuters poll of analysts ahead of weekly U.S. data due out on Wednesday forecast U.S. crude inventories rose by 300,000 barrels in the week to December 19, with distillate and gasoline stocks also expected to have gained.

 

[Icadon]

Hawa watu kama walitumia hela zao kununulia silaha wakidhani watakuwa wanaiendesha dunia kila wakijisikia soon wataanza kuonja joto ya jiwe. Nimependa sana pamoja na kukata production output kwa 2.2 million bpd bado bei imezidi kushuka.

 

[Koba]

..angalia chevy volt hapo

Chevrolet Volt - Wikipedia, the free encyclopedia

...hii ni balaa kwa waarabu,itakupa 40 miles from single electric charge,then 600miles or more in a single tank,na hao ni GM tuu maana nasikia Toyota wanakuja na second generation Prius 2009 inaweza kukupa mpaka 80mpg and less expensive,hapo juu icadon umesema kweli hawa jamaa wamewekeza kwenye silaha tuu na hawajasoma kabisa maana kazi zote wanafanyiwa,soon tutaona jinsi world power itakavyo shift kutokana na haya mafuta!