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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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    Expert reassures: The economic recession will not deepen and oil prices will fall

    Rocky
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    Expert reassures: The economic recession will not deepen and oil prices will fall Empty Expert reassures: The economic recession will not deepen and oil prices will fall

    Post by Rocky Sun 20 Mar 2022, 8:26 am


    [size=30]Expert reassures: The economic recession will not deepen and oil prices will fall

    2022-03-20
    [/size]
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    Yes Iraq: Baghdad

    The oil expert, Hamza Al-Jawahiri, considered that the rise in oil prices is an emergency and will not lead to problems in the global economy, as prices will return to their normal levels once the war ends.
     
    Al-Jawahiri said that "the rise in global oil prices is an emergency as a result of the war in Ukraine and consumers' fears that the situation will worsen as a result of US sanctions against Russia and as a result of the consumer countries' fear of not continuing energy supplies."
    He continued, "Once the war ends, things will return to normal and oil prices will return to the range of 85 to 90 dollars per barrel," stressing that "the short period of time of turmoil in oil prices does not lead the world to enter the stage of economic stagnation, as the recession needs objective accumulations." on the economy for a period of a year or more, not for a few weeks.”
    Al-Jawahiri expected that "the war will not be long and will end soon, and therefore there will be no economic recession, especially since there is a demand to buy oil with the presence of refining industries and continuous production factories," adding that "there is global inflation, but it will disappear with the end of the war."
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