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"Jeweler": Oil prices are rising and will not go down again
May 11 2018 10:01 p
May 11 2018 10:01 p
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[rtl][rtl]Hamza Al-Jawahiri[/rtl]
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Oil prices expected to rise to more than $ 80 a barrel
"Jeweler": Oil prices are rising and will not go down again
The rise in oil prices was caused by the US withdrawal from the nuclear deal with Iran.
Oil expert, Hamza al-Jawahri, expected Friday, the rise in oil prices to more than $ 80 a barrel, indicating that Iraq will be able to repay its loans from the central bank and eliminate the budget deficit.
"The jeweler," in a press statement, "The oil prices are rising and will not return to the landing again, and it is hoped to reach more than $ 80 a barrel in the next few days."
"This rise came as a result of America's withdrawal from the nuclear agreement with Iran, and most of the oil-importing countries went to Iraq and the oil producing Gulf states," he said.
He pointed out that "the first victim of high oil prices are consumer and imported countries, as the situation in the region leads to higher prices, but the countries participating in OPEC will work to find a unified plan of action to unite prices and work accordingly."
He pointed out that "the high oil prices, will save Iraq from the budget deficit in addition to enable Iraq to pay the amount of loans for the benefit of the Central Bank after Iraq had more than 80 billion dollars in cash reserves, and fell to $ 51 billion dollars as a result of the war on terrorism" .
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Baghdad Post
[rtl]Oil prices expected to rise to more than $ 80 a barrel
"Jeweler": Oil prices are rising and will not go down again
The rise in oil prices was caused by the US withdrawal from the nuclear deal with Iran.
Oil expert, Hamza al-Jawahri, expected Friday, the rise in oil prices to more than $ 80 a barrel, indicating that Iraq will be able to repay its loans from the central bank and eliminate the budget deficit.
"The jeweler," in a press statement, "The oil prices are rising and will not return to the landing again, and it is hoped to reach more than $ 80 a barrel in the next few days."
"This rise came as a result of America's withdrawal from the nuclear agreement with Iran, and most of the oil-importing countries went to Iraq and the oil producing Gulf states," he said.
He pointed out that "the first victim of high oil prices are consumer and imported countries, as the situation in the region leads to higher prices, but the countries participating in OPEC will work to find a unified plan of action to unite prices and work accordingly."
He pointed out that "the high oil prices, will save Iraq from the budget deficit in addition to enable Iraq to pay the amount of loans for the benefit of the Central Bank after Iraq had more than 80 billion dollars in cash reserves, and fell to $ 51 billion dollars as a result of the war on terrorism" .
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