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Expert: Speculation of oil prices is not possible due to US pressure to reduce it
13:40 - 15/12/2018
Information / Baghdad ..
Oil expert Hamza al-Jawahri said on Saturday that it is impossible to predict global oil prices under pressure from the US on the Gulf countries to reduce prices, indicating that the increase in production from any country in OPEC will reduce prices immediately.
"The forecast of oil prices next year is very difficult because of the US pressure exerted on the Gulf countries, especially the UAE and Saudi Arabia, in order to raise their oil production and non-compliance with the latest agreement with OPEC," Al-Jawahiri said in a statement.
"Any violation of the agreement between the oil producing countries will significantly reduce oil prices and end Iraq's ambition to increase its national income after the increase in oil prices," he said.
On the visit of US Energy Secretary Rick Perry to Iraq, explained Jeweler that "the visit was aimed at pressure on the Iraqi side in order to dispense with Iranian gas and this is not possible at the moment at all," noting that "the talk that took place between Perry and Iraqi politicians is different from what was issued In the media statements "
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