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[size=30]Economist expects oil prices to stabilize at $ 65 a barrel by the end of next year[/size]
08/11/2017 05:23 | Number of readings:
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Trend Press - Iraq
Economist Bassem Antoine predicted the rise in oil prices and stability at $ 65 a barrel until the end of 2018. He attributed this to the continuation of the extension period and the seizure of production by Russia and Saudi Arabia, pointing out that these prices will reduce the deficit in the next budget.
Antoine said in a statement that "high oil prices in the free time is a reflection of the announcement of each of the major producers, such as Russia and Saudi Arabia and their commitment to reduce and control the volume of production until the end of 2018," pointing out that "prices will rise slightly from the current price and will stabilize at $ 65 a barrel Until the end of next year according to market data. "
He added that "this rise will reflect positively on the financial situation of Iraq and will contribute to reduce the size of the deficit in the budget for 2018 to 15 billion or a little less and thus will avoid the country loans are difficult to pay in the future." C
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