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The appearance of Mohamed Saleh: the collapse of oil prices ... the end of the price war game between producers and consumers
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[rtl]Baghdad / Nina / The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the collapse of oil prices, which marks the end of the price war game between producers and consumers.
He told the Iraqi National News Agency ( NINA ): The collapse of US oil futures contracts affects one way or another on Brent oil, which is the end of the game for the price war.
Saleh added that: The situation has now changed from the sellers market (OPEC and other countries) to the buyer's market, which controls the markets, and I envision the results of the price war that OPEC and others were affecting, and now the buyers market, not the sellers market, which is an indication of the outcome of the price war battle.
He explained that: the incubator of decline is the lack of economic activity all over the world because of Corona and its field the global economic recession.
The price of US oil futures contracts for the coming month of May witnessed an unprecedented historical decline of below zero per barrel. / End 3[/rtl]
He told the Iraqi National News Agency ( NINA ): The collapse of US oil futures contracts affects one way or another on Brent oil, which is the end of the game for the price war.
Saleh added that: The situation has now changed from the sellers market (OPEC and other countries) to the buyer's market, which controls the markets, and I envision the results of the price war that OPEC and others were affecting, and now the buyers market, not the sellers market, which is an indication of the outcome of the price war battle.
He explained that: the incubator of decline is the lack of economic activity all over the world because of Corona and its field the global economic recession.
The price of US oil futures contracts for the coming month of May witnessed an unprecedented historical decline of below zero per barrel. / End 3[/rtl]
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