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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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Al-Kazemi’s advisor: International Monetary Fund’s expectations regarding the lack of demand for ene

rocky
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Al-Kazemi’s advisor: International Monetary Fund’s expectations regarding the lack of demand for ene Empty Al-Kazemi’s advisor: International Monetary Fund’s expectations regarding the lack of demand for ene

Post by rocky Thu 14 Oct 2021, 6:53 am

Al-Kazemi’s advisor: International Monetary Fund’s expectations regarding the lack of demand for energy are “strange”


  •  Time: 10/13/2021 18:11:55
     
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{Economic: Al Furat News} The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, expressed his surprise at the expectations of the International Monetary Fund regarding the lack of demand for energy.
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Saleh told Al-Furat News that "the expectations of the World Bank regarding the lack of demand for energy are [strange], but the real fear is that the oil countries will rush to offer more product to the market, and thus we will reach the glut."
He added, "OPEC Plus countries are committed to quantities, and if oil prices increase, this means that the supply is full and production will be large, and thus there will be fragility in demand and a glut in offers."
Salih stressed, "The need for continuous consultations in OPEC Plus, as well as continued consultation and discussion with the producing countries. Otherwise, whenever prices rise to this point, a desire is generated to flood the market."
The economic and financial advisor to the Prime Minister hinted at "a breakthrough in terms of the decline of the epidemic and the increase in demand within the global economy, and this is what becomes the concern of the International Oil Fund."
It is noteworthy that the chief economist at the International Monetary Fund, Gita Gopinat, expected that energy prices would maintain their high recorded in recent days, before falling back early next year.
She said that while energy prices will be "high" in the next few months, "we expect them to decline by the late first quarter of next year and into the second quarter."
"We will be in a better position after the winter months pass. We expect it to decline by the end of the first quarter of next year and with the entry of the second quarter," she said.

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