Saturday, fears that the low price of a barrel of oil to below $ 60,

by lonelyintexas Sat 13 Dec 2014, 9:52 am

lonelyintexas: Interacting Investor; Posts : 4285
Join date : 2012-12-19
Location : San Antonio

Post n°1

Saturday, fears that the low price of a barrel of oil to below $ 60,

by lonelyintexas Sat 13 Dec 2014, 9:52 am

Sat Dec 13 2014 14:39 | (Voice of Iraq) Alsumaria News / Baghdad

indicated to the Commission on oil and energy parliamentary Saturday, fears that the low price of a barrel of oil to below $ 60, indicating that it will lead to a significant economic crisis and increase the deficit in the budget of 2015. committee member said Razak Mheibes in an interview for "Alsumaria News", that "there is no price war within the Organization of Petroleum Exporting Countries", adding that "higher sales in Canada and increase the pumping of Russian oil and the financial crisis in Europe has caused the decline in the price of oil markets World. "

Mheibes He added that "the Iraqi economy is based on 93% of oil imports," noting that "the low price of a barrel of oil below 60 dollars would lead to a significant economic crisis will affect the country and increase the deficit significantly in the general budget for the year 2015".

He expressed Mheibes fear of "low price of a barrel of oil to $ 50 a big impact on the economy and the construction of the general budget."

The prime minister Haider al-Abadi stressed, in (December 8, 2014), that Iraq is facing a cash crisis due to the decline in world oil prices, and that measures have been taken to face the real problem is starting to reduce the salaries of the Council of Ministers. The price of oil has continued, in (December 9, 2014), the decline since trading early last week, approaching the price of a barrel of Brent of the barrier of $ 65, in the direction of a steady decline in six months, while oil prices lost More than one-third after the price of a barrel above $ reasonably percent.

[You must be registered and logged in to see this link.]