{"id":27963,"date":"2017-07-31T15:47:07","date_gmt":"2017-07-31T15:47:07","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2017\/07\/31\/oil-and-gas-barrels-increased-up-to-50\/"},"modified":"2020-08-11T11:32:05","modified_gmt":"2020-08-11T09:32:05","slug":"oil-and-gas-barrels-increased-up-to-50","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2017\/07\/31\/oil-and-gas-barrels-increased-up-to-50\/","title":{"rendered":"Oil and gas barrels increased up to 50$"},"content":"\nThe OPEC (Organisation of the Petroleum Exporting Countries) Headquarter in Vienna, Austria.\nThat might have beneficial consequences for countries producing petrol around the Mediterranean. Indeed the barrel price reached 50$ which is quite exceptional.\nThe reason why the price risen that way is linked to the terrible American crushes of crude oil for 4.73 millions of barrels. The announcement last week from the US official that the oil reserve of the country were now up to 490 millions\u00a0has not entirely displeased the Mediterranean. However analysts predicted a 3.5 millions of barrels crush.\nThe American gasoline stocks dropped 4.7 millions of barrels down. This might be linked to the Venezuela crisis where United State has pushed into an international embargo. Most probably another explanation points out a relationship with OPEC (Organisation of the Petroleum Exporting Countries) countries member who are producing more than they could. Among them, Nigeria and Libya were restricted to export world widely by the Vienna convention.\nNevertheless those countries are currently going through difficulties to apply international oil restriction.\nDiscover out our latest videos about the economic news in the Mediterranean :\u00a0\n\u00a0\n\n","author":75,"featured_media":4956,"comment_status":"open","ping_status":"open","template":"","tags":[5761,5751,2961,5760,5750,5762],"location":[],"class_list":["post-27963","news","type-news","status-publish","has-post-thumbnail","hentry","tag-decision-makers","tag-economy","tag-institutions","tag-mediterranean-exchanges","tag-news","tag-trending"],"short_url":"","have_related_news":null,"chapo":"For 6 weeks, the worldwide rebound of oil and gas price reached 50$ per barrel. This is quite exceptional given that United State is seeking out of new stock of crude oil.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/opec_headquarters-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/opec_headquarters-1.jpg 550w","sizes":"550px","alt":"Oil and gas barrels increased up to 50$ 1","width":550,"height":360,"ratio":0.7,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/opec_headquarters-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/opec_headquarters-1.jpg 1170w","sizes":"1170px","alt":"Oil and gas barrels increased up to 50$ 1","width":1170,"height":658,"ratio":0.7,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil and gas barrels increased up to 50$ - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The OPEC (Organisation of the Petroleum Exporting Countries) Headquarter in Vienna, Austria. 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