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Expert: US drilling platforms will affect oil prices
17:18 - 06/02/2017
Hamza warned oil expert jeweler, on Friday, the decline in oil prices as a result of increasing the number of US drilling rigs, adding that the decision of some oil-producing countries to cut production is not always a solution.
He said the jeweler told / information /, that "the recent agreement between the oil-producing countries on the reduction of oil production likely to increase demand in the global market is reflected positively on raising prices as well as the decision to extend the agreement for another nine months," he said. "This agreement is not a solution is always to raise prices. "
He added that the "non-participating countries in this agreement will try to exploit it to their advantage led by the United States through the revitalization of shale oil platforms and untapped fossil rise in prices, which will flood the market again, and thus will increase the supply and demand decreases for prices fall again," .anthy 25 K
http://www.almaalomah.com/2017/06/02/163796/
17:18 - 06/02/2017
Hamza warned oil expert jeweler, on Friday, the decline in oil prices as a result of increasing the number of US drilling rigs, adding that the decision of some oil-producing countries to cut production is not always a solution.
He said the jeweler told / information /, that "the recent agreement between the oil-producing countries on the reduction of oil production likely to increase demand in the global market is reflected positively on raising prices as well as the decision to extend the agreement for another nine months," he said. "This agreement is not a solution is always to raise prices. "
He added that the "non-participating countries in this agreement will try to exploit it to their advantage led by the United States through the revitalization of shale oil platforms and untapped fossil rise in prices, which will flood the market again, and thus will increase the supply and demand decreases for prices fall again," .anthy 25 K
http://www.almaalomah.com/2017/06/02/163796/
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