[size=41]Oil prices expected to rise to $ 80 early next year
10:46 - 02/12/2017
Information / Baghdad ..
The price of oil will remain strong and could reach $ 70-80 by the end of the first quarter of next year, said Jonathan Barrett, chief investment officer at the Sydney-based Ares Energy. Amid concerns about shock in the show.
The geopolitical issues of the main oil producing countries, including Saudi Arabia, Venezuela and Iraq, Libya, will contribute to a substantial reduction in oil reserves, which will push oil prices to rise in the coming months, especially in the event of a shock in the supply.
Jonathan Barat said the extension of OPEC's oil production cut-off agreement and major non-OPEC oil producers would be in the interest of all oil producers, especially since oil producers had committed to the previous agreement by more than 100 percent. Ending / 25