Home
Expert: The decline in oil prices is the worst since the Second World War
- Time: 03/1920 2020 10:04:06
- Reading: 0 times
- Categories: Economic news, mobile news
{International: Al Furat News} The head of the investment division of Invest Partner, Vladimir Tsubrov, considered that the drop in oil prices below the level of $ 25 a barrel witnessed by the markets is now the worst since the Second World War.
The expert said, what is happening in the market is caused by an imbalance between supply and demand, and the price of a barrel of oil could fall below $ 20, the situation that we are witnessing an unprecedented perhaps since World War II. " As
well as the expected decline of the ruble Russian with a decline in oil prices, The Russian currency is currently trading at the level of 81 rubles per dollar, after it was the beginning of this year in the range of 61 - 64 rubles per dollar,
and the price of a barrel of oil "Brent" brand fell Wednesday below the level of 25 dollars per barrel, which is the lowest level since 2003, while US crude futures tumbled to their lowest level in 18 years.
lost p D of oil more than half of its value over the past ten days.
Goldman Sachs said that global demand for oil by the end of March may drop by between eight million to nine million barrels per day, indicating that oil prices may continue to decline in the coming period.
The fall in oil prices accelerated this month after Moscow and Riyadh failed to reach an agreement on production cuts beyond March 2020, fueling fears of a major market glut.
https://alforatnews.com/news/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A5%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%87%D9%88-%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A3-%D9%85%D9%86%D8%B0-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A%D8%A9
» MM&C 10/3/24 Central Bank comments on preparing the budget for next year
» MM&C 10/3/24 World Bank: Iraq has made progress in improving the business environment, making it glo
» Commission: Kurdistan elections will include international and local monitoring
» Swiss Embassy in Baghdad reopens after 33 years of closure
» Rafidain counts the number of government departments that have activated the electronic collection s
» Parliamentary demands to review all agreements with Jordan
» This is the date for the launch of the seventh batch of social assistance
» Trade reassures citizens: We have food reserves sufficient for a whole year
» Baghdad.. The dollar records 154,250 dinars for every hundred dollars
» Dhi Qar.. Implementation of an arrest warrant against four suspects in the Real Estate Registration
» Parliament receives draft law to cancel economic privileges with Jordan
» Kurdish comment on the possibility of an armed confrontation between parties before the elections in
» Why have the salaries of the region's employees not been localized yet? A Kurdish politician explain
» Dollar prices continue to soar in Iraqi markets
» Intensive calls for comprehensive reform at Baghdad International Airport amid deteriorating service
» Iraqi government condemns “Tulkarm crime”: International community’s silence fuels Israeli aggressio
» “Hidden Costs”: How do 140 days of holidays affect the economy and daily life?
» Parliamentary work details the most important laws it is working to legislate
» New crisis hits Iraqi real estate market after 100% tax
» Labor sets date for launching seventh batch of social assistance
» Ports deny the existence of an oil spill at the confluence of territorial waters (Iraq-Kuwait-Iran).
» MP dismisses the person closest to the Coordination to assume the presidency of Parliament
» Economist: Oil prices could rise to $200 if war expands
» Parliamentary work: We seek to legislate laws that guarantee union freedom
» Parliamentary Finance clarifies to "Alsumaria News" the legality of imposing taxes on citizens and s
» Trump's advisor speaks to Sumaria about the possibility of dragging Iraq into war
» Morning list of dollar exchange rates against the dinar in Iraq
» Kuwaiti official: Our relationship with Iraq has been integrated for 400 years and the border issue
» Parliamentary Planning: Population census will include counting furniture inside homes
» Parliamentary demand to include the Commission Law on the Parliament’s agenda House of Representativ
» Dominican Republic Plans to Start Deporting up to 10,000 Haitians per Week
» Dozens of Meat Processing Plants Expected to Shut Down Under New EPA Rules
» Biden-Harris administration blasted for running out of money to deal with Hurricane Helene after blo
» Fake Amazon sites everywhere
» utube 10/1/24 MM&C Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure
» The dinar collapses against the dollar.. Is the specter of 1600 looming on the horizon?
» Baghdad International Airport: Why is it unable to compete with regional airports?
» Nineveh reveals projects worth billions that have been stalled for 12 years
» Iraq calls for protecting oil routes in the Arabian Gulf
» State of Law Leader: America Has No Desire to Leave Iraq
» MP reveals 170 stalled projects have been resolved
» Rafidain Bank announces the collection of more than four trillion dinars electronically for the bene
» Karbala Municipality: Starting to plant gardens and green spaces inside residential neighborhoods
» Customs: Our revenues during 7 months of the current year exceeded one trillion dinars
» World Bank: Iraq is witnessing a major transformation in improving the business environment and publ
» New program turns unified card into food ration card in Iraq
» The Governor of the Central Bank of Iraq announces the launch of financial transfers to Türkiye acco
» World Bank issues optimistic report on Iraq, points to 'major transformation'
» Supply concerns send oil prices up more than 5 percent
» Rafidain: More than 4 trillion dinars in electronic collection amounts for government departments
» Iraqi government opens accounts to deposit donors' money for Gaza and Lebanon
» Public money and government wheels enter the Kurdistan Parliament elections propaganda
» How did current events cast their shadows on the Iraqi parliament presidency file?
» Production stops at Karbala refinery.. and the local government acknowledges the shortage of fuel su
» Iraq imports large quantities of calves and sheep to control meat prices
» IMF: Continued conflict in Middle East could have major economic repercussions
» Israel threatens to bomb more than 35 sites in Iraq
» The crisis of choosing the parliament speaker.. Will political tensions impose “Al-Mashhadani” on “A
» “Hidden Terrorism”: How Cyber Weakness Threatens Iraq’s Future More Than Bullets?
» Iraq plans to establish modern industrial cities amid challenges of electricity and corruption!
» Ministry of Planning reveals details of drawing the new population map in Iraq
» Al-Sudani: Escalation in Lebanon and Gaza threatens to slide the region into a comprehensive war
» Planning: Taking measures that focus on promoting sectors that affect citizens’ lives
» Civil Service Council approves new batch of appointments
» Commerce reveals new program that transforms the unified card into a food ration card
» Iraq announces launch of new mechanism for financial transfers to Türkiye
» Transparency: Sulaymaniyah and Halabja imports amounted to more than 11 billion dinars in one week
» Parliamentary Integrity: Collecting parliamentary signatures to question the Minister of Constructio
» Parliamentary talk about the person closest to the coordination to assume the presidency of Parliame
» Gov. Ron DeSantis orders National Guard to end longshoremen's strike over hurricane disaster
» BREAKING: Mayor Pete orders citizens to stop using drones to find stranded victims as feds fumble hu
» Elon Musk obliges Trump, reconnects disaster areas to the internet for free via Starlink
» MM&C 10/3/24 Amending the Oil Law: A Step Towards Reform or Just Another Promise?
» In less than half an hour, Washington sends three messages via Baghdad to Tehran
» "Soon" .. Iraqi-Kuwaiti negotiations to resume to end differences
» On the seventh anniversary of Talabani’s passing, Al-Sudani recalls his national legacy and his role
» Planning: The general census will show the rates of enrolment in education and unemployment.
» Economist: Zionist bombing exacerbates economic conditions, calls for urgent intervention by governm
» Iraq, Kuwait to resume negotiations "very soon" to resolve outstanding issues
» Iraq and China take the largest share of Iranian goods
» Advisor Mazhar Saleh: No concern about Iraq's financial situation
» Amidst the Storms: Baghdad and Washington Support Regional Calm
» MP reveals reasons for delaying the approval of the Personal Status Law
» Al-Surji: The Union is capable of forming the next regional government
» Government measures to control the region's import of gold
» Central Bank comments on preparing the budget for next year
» Anbar citizens threaten to demonstrate over private generator pricing
» Dollar trading halted in Anbar due to high exchange rate
» Iraqi Parliament Prepares to Pass “Most Important” Law to Recover State Funds from Corrupt People
» World Bank identifies key issue for sustainable development in Iraq
» World Bank: Iraq has taken steps to develop human capital
» Electricity: Loss of 7,100 megawatts due to a decrease in the release of national gas and the supply
» Work: Issuing more than 220 thousand national cards for those covered by social protection
» France: Recommendation to eliminate 100,000 jobs to reduce government spending
» Iraq, Turkey sign MoU on migration and voluntary return
» Al Mazrouei: The world needs additional investments in the energy sector
» Agriculture announces compensation for livestock farmers’ losses, plans to control diseases
» Moscow advises its citizens not to travel to a country neighboring Iraq