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Investing the financial surplus in development projects
25/4/2018 12:00 am [rtl]While oil prices reached their highest level since 2014 Baghdad / follow-up While the world oil prices continued to the highest level since late 2014 on Tuesday and the continuation of OPEC countries to reduce supplies amid strong demand, a specialist on the economic need to invest in the rise to serve the economy the National. Brent crude jumped $ 75.20 in early trade on Tuesday, a level not seen since November 27, 2014. Brent hit $ 75 at 0311 GMT, up 29 cents, or 0.4 percent, from its last close. Brent is the sixth consecutive session to see Brent rise, the longest rally since a series of gains in December, making it more than 20% above its lowest level in 2018, in February. "The increase in oil revenues will be of great benefit to the producing countries, including Iraq, where the public budgets were built on figures much lower than this price, which will lead to reduce the deficit and achieve a financial abundance of the country, which requires work on investment This abundance is positive. " Al-Attar pointed out that "Iraq invests in high oil prices by supporting the productive sectors, , And the implementation of new projects harmonize and the requirements of life for the Iraqi citizen . He pointed out that "calendar monitoring is an important detail in the revival of economic sectors, and here must be concerted efforts by all parties concerned to achieve the economic development sought by Iraq." US WTI crude futures were $ 68.98 a barrel, up 34 cents, or 0.5 percent from the last settlement. Cut production Markets have been boosted by OPEC output cuts since 2017 to support the market, as well as the possible resumption of sanctions by the United States on Tehran. The cut-off agreement is in effect until the end of 2018. The agreement's participants are due to discuss extending it at the OPEC meeting in Vienna in June. "Crude prices are at their highest level in three years, reflecting the current concerns about the geopolitical tension in the Middle East, which accounts for almost half of the world's oil supply," the bank said . Saudi Arabia, the world's top oil exporter, is leading OPEC's efforts to cut production as its Saudi Aramco seeks to raise prices ahead of a partial initial offering later this year or 2019.[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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