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Parliamentary Finance expects the decline of oil again and confirms the rise is not realistic
16:37 - 04/03/2021
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On Thursday, the Parliamentary Finance Committee expected a decrease in oil prices again, indicating that the current prices are not realistic and are expected to decrease at every moment.
A member of the Finance Committee, Jamal Cougar, told "the information" that "the reason for the increase in oil is the decrease in Saudi oil exports at the rate of one million barrels of oil, which led to an increase in the price of oil miles."
He added, "This rise is not realistic and real. Rather, it is imaginary, and it is expected that the decline will return at any time of the current year once Saudi Arabia returns its exports."
He explained that "oil is not safe, which requires the Al-Kazemi government to move quickly, take advantage of the rise, take quick reform steps, and not rely on loans at a later time."
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