Of the oil: the adoption price of $ 65 a barrel in 2015 budget
11/26/2014 0:00
BAGHDAD joy pumice
As the crisis fluctuation of oil prices in international markets, which caused a deficit in the budget based on revenues countries continue, recommended to the Commission on oil and energy parliamentary adoption price of $ 65 per barrel in the preparation of the budget year 2015.
Although the organization "OPEC" meeting Thursday to study the situation of the oil market and contribute to the improvement and maintenance on oil prices, expectations and estimates refer to the continuing decline or stay the same price level until the middle of next year.
Many emerged on the scene and interrelated reasons led to the decline in oil prices since last August and up to now, by approximately $ 25.
Member of the Commission on oil and parliamentary power, Dr. Ibrahim Bahr al-Ulum said the "morning" in this regard: "multiple main reasons, including intense competition between conventional and non-conventional oils, and levels of good production in the United States of unconventional oil (shale) Why competition is fair for the first time in the oil market as a light, along with the political conflict within OPEC, also led to supply over demand, although growth is weak demand in some major Asian countries. "
Agree observers with a member of the Committee to the drop in oil prices recently undergone several including oil surplus for reasons which began to accumulate, estimated at about two million barrels, as well as a slowdown in global economic growth after periods of rapid growth between the years 2002- 2008, along with the changes witnessed by the United States of America of shale oil production and increase of up to 9 million barrels a day this year.
It is believed Bahr al-Ulum the inability of the organization "OPEC" to reach a solution to the problem and agree on determining the amount of production, what keeps the price fluctuation of an exhibition of about rates, or fall, likely at the same time not arriving for less than $ 70 to $ 65.
The committee recommended to the government and the financial parliamentary adoption of the barrel price of $ 65 in the preparation of the budget year 2015 to avoid damage expected.
He predicted Bahr al-Ulum that Iraq is playing a pivotal role in OPEC if the enjoyment of political and diplomatic relations with Saudi Arabia and Iran (two axes essential to the organization and play an active role in the decisions of all with the State that are consistent with their policies) and to be a compromise between the two countries, which is expected during the past the next, as well as production growth in the oil market and compounded until the year 2020, and the expectations of owning a surplus of energy that will play a key role in the future.
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11/26/2014 0:00
BAGHDAD joy pumice
As the crisis fluctuation of oil prices in international markets, which caused a deficit in the budget based on revenues countries continue, recommended to the Commission on oil and energy parliamentary adoption price of $ 65 per barrel in the preparation of the budget year 2015.
Although the organization "OPEC" meeting Thursday to study the situation of the oil market and contribute to the improvement and maintenance on oil prices, expectations and estimates refer to the continuing decline or stay the same price level until the middle of next year.
Many emerged on the scene and interrelated reasons led to the decline in oil prices since last August and up to now, by approximately $ 25.
Member of the Commission on oil and parliamentary power, Dr. Ibrahim Bahr al-Ulum said the "morning" in this regard: "multiple main reasons, including intense competition between conventional and non-conventional oils, and levels of good production in the United States of unconventional oil (shale) Why competition is fair for the first time in the oil market as a light, along with the political conflict within OPEC, also led to supply over demand, although growth is weak demand in some major Asian countries. "
Agree observers with a member of the Committee to the drop in oil prices recently undergone several including oil surplus for reasons which began to accumulate, estimated at about two million barrels, as well as a slowdown in global economic growth after periods of rapid growth between the years 2002- 2008, along with the changes witnessed by the United States of America of shale oil production and increase of up to 9 million barrels a day this year.
It is believed Bahr al-Ulum the inability of the organization "OPEC" to reach a solution to the problem and agree on determining the amount of production, what keeps the price fluctuation of an exhibition of about rates, or fall, likely at the same time not arriving for less than $ 70 to $ 65.
The committee recommended to the government and the financial parliamentary adoption of the barrel price of $ 65 in the preparation of the budget year 2015 to avoid damage expected.
He predicted Bahr al-Ulum that Iraq is playing a pivotal role in OPEC if the enjoyment of political and diplomatic relations with Saudi Arabia and Iran (two axes essential to the organization and play an active role in the decisions of all with the State that are consistent with their policies) and to be a compromise between the two countries, which is expected during the past the next, as well as production growth in the oil market and compounded until the year 2020, and the expectations of owning a surplus of energy that will play a key role in the future.
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