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Abreihi: Iraq's economy and balance adapted to the low price of oil
29/11/2017 12:00 am [rtl] BAGHDAD / Shukran al-Fatlawi, warned and accompanied by fear of the outcome of the meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna at the end of this month amid the wishes of Russia not to convince the continuation of the reduction of production, which was held to predict the reality of crude prices in world markets, despite the ambition of most producing countries To acceptable prices for all parties. Economic expert d. "The price of oil is still above $ 60 and oil is on the rise," Ahmed Abrehi told Sabah. "In a month, the price of $ 13 has been rising steadily since mid-year and there are no signs of going down." Budget adjustment OPEC members are likely to meet with other producers on Nov. 30 to discuss the possibility of continuing cuts after agreeing in January to cut supply by 1.8 million bpd. Abreihi said: "I do not expect only the improvement in the oil market and I do not think there is reason to be pessimistic because prices are still above 60 and the surplus in the oil market has been greatly reduced, but whether there has been new developments in this meeting or otherwise can be addressed for Iraq, Iraq's economy and budget have adapted to a low oil price. " Defeat terrorism , said Abrihi the possibility to benefit from the peace that prevail in Iraq after the defeat of the "Daesh" criminal for the beginning of a new economic policy can promote economic resources and development projects. The Times, for its part, published a report entitled "Warning (OPEC) on the price of oil." Saying that one of the leading oil companies warned that crude oil prices may fall sharply this week if oil ministers of the Organization of Petroleum Exporting Countries (OPEC), Russia and other countries to extend the agreement cuts in global oil production quotas. The report quoted Ian Taylor, chief executive of Vitol, one of the world's largest independent oil companies, as saying that officials in the 14-nation OPEC, which pumps about a third of world oil production and a few other oil exporters, In the world oil production for nine months until the end of 2018. Suspicion, according to experts that a nine-month extension to reduce production by 1.8 million barrels per day, which was agreed last year will end in March next, is the likely outcome of the meeting of Austria next Thursday to those responsible for drawing policy (OPEC). While the Financial Times published an analysis of the same issue in which doubts were raised ahead of a meeting of oil exporting countries, where the recovery in oil prices began to push the wedge between two of the world's largest oil producers: Saudi Arabia And Russia. The analysis of the newspaper that the recovery of crude oil prices and reach more than $ 60 a barrel this month, has wedged a wedge between Moscow and Riyadh, as Russia expressed its fears that the oil group to unleash competing oil equipment in the global market. At a time when Russian producers believe that the agreement has restricted their production. Saudi Arabia and Russia, OPEC's biggest oil producer, are poised to agree to extend a deal to cut production in 2018, which economists believe is necessary to continue depleting oil reserves and consuming consumer prices.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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