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Expert: Oil prices will exceed $ 100 per barrel by winter
09:20 - 15/09/2018
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Information / Baghdad ..
Oil expert Hamza al-Jawahiri said on Saturday that Iraq was able to overcome its financial crisis and fill the deficit in the budget of 2018 due to the rise in international oil prices, likely to exceed the world oil prices of $ 100 per barrel due to the decline of US oil reserves and the solution of the winter season.
"The government has been able to overcome the financial crisis for the current year and fill the deficit in the budget estimated at 21 trillion dinars, as well as a slight surplus due to the rise in international oil prices," Jawahri said in a statement.
He added that "Iraq is one of the most beneficiaries of the rise in international oil prices during the current year," noting that "the United States is pressing the Gulf countries to increase the flow of oil in world markets to reduce prices."
"The global oil prices will exceed $ 100 per barrel during the coming winter season because of the decline of the US oil reserves from 550 million barrels to 390 million, as well as increased demand with the solution of low temperatures." Ending / 25 d
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