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Oil: OPEC will meet on the 27th of this month to take a position on falling prices
11/19/2014 10:06
Tomorrow Press / BAGHDAD: The Iraqi Oil Ministry, Wednesday, that OPEC will meet on the 27th of this month to take a position on the decline in world oil prices, indicating that the international political will behind the falling prices.
He said ministry spokesman Assem Jihad for "tomorrow Press", "The decline in world oil prices has an impact on the economy of Iraq and the members of OPEC among them Iraq will meet in the 27th of this month to discuss the issue of the decline in world oil prices and will take a certain position after studying the subject and Mnaqsthemen to stop erosion Oil prices retreat and work on stability. "
"The decline in oil prices is linked to several factors, including reduced growth in some major economies in Asia and rising US inventories and a lack of demand for crude oil and another section is likely to recent developments in the region, but developments and crises usually raise the prices are not that reduce them."
Jihad said that "lower prices in light of the crises in for the first time gets, ought it to rise, because the agents are on the scene to help the rising prices are not reduced," he said, adding that "the decline of this limitation is reasonable and there is inevitably an international political will, proceeded to cut prices."
Jihad said that "the victim of the price drop a number of countries, including Iran, Russia and Iraq."
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11/19/2014 10:06
Tomorrow Press / BAGHDAD: The Iraqi Oil Ministry, Wednesday, that OPEC will meet on the 27th of this month to take a position on the decline in world oil prices, indicating that the international political will behind the falling prices.
He said ministry spokesman Assem Jihad for "tomorrow Press", "The decline in world oil prices has an impact on the economy of Iraq and the members of OPEC among them Iraq will meet in the 27th of this month to discuss the issue of the decline in world oil prices and will take a certain position after studying the subject and Mnaqsthemen to stop erosion Oil prices retreat and work on stability. "
"The decline in oil prices is linked to several factors, including reduced growth in some major economies in Asia and rising US inventories and a lack of demand for crude oil and another section is likely to recent developments in the region, but developments and crises usually raise the prices are not that reduce them."
Jihad said that "lower prices in light of the crises in for the first time gets, ought it to rise, because the agents are on the scene to help the rising prices are not reduced," he said, adding that "the decline of this limitation is reasonable and there is inevitably an international political will, proceeded to cut prices."
Jihad said that "the victim of the price drop a number of countries, including Iran, Russia and Iraq."
[You must be registered and logged in to see this link.]
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