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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing

    Rocky
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    Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing Empty Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing

    Post by Rocky Sun 07 Mar 2021, 10:37 am


    Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing

    19:02 - 07/03/2021
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    Information / Special ...
    On Sunday, Mazhar Muhammad Salih, the economic advisor to the prime minister, affirmed that oil prices would remain at the $ 70 per barrel barrier, stressing the disappearance of the global oil surplus.
    Saleh said to "the information" that "the global economic crisis is about to ease after the rise and recovery of global oil prices, reaching the $ 70 barrier."
    He added, "The deficit has shrunk, and it is possible to dispense with borrowing if the price of a barrel of oil continues towards the current price," noting that "the global oil surplus has ended and OPEC is looking to increase production for all exporting countries and urges them to do so."
    Saleh explained that "the disappearance of 10% of the global oil surplus dispels fears of a return to low oil prices, which means that the budget will reach the equilibrium stage."
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