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An Oil Expert Expects Oil Prices To 110 Dollars In Next Few Months
Sunday, 30 November, 2014
The oil expert, head of economic studies at the University of Kufa, Raad Twayg predicted rise in oil prices to $ 110, after falling to $ 79, saying that the need for oil with increasing the cold waves in the world will increase the demand for it.
He told the National Iraqi News Agency / NINA / that “through monitoring the historic movement of global oil prices since 1980, the global oil prices, in general, are on the rise and there will not be a certain ceiling for oil prices in the coming decades.”
He pointed that the decline in the oil prices would be temporary and will be rising to their highest level. ”
He called on government to shift from oil resources to other resources to finance public budgets in the coming years. ”
They oil ministry expected that the oil production will rise to 3.8 million barrels per day in 2015, including the production of the Kurdistan region.
Oil Minister, Adel Abdul Mahdi said on last Thursday, “Exports will reach an average of 3.2 million barrels per day.” / End
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Sunday, 30 November, 2014
The oil expert, head of economic studies at the University of Kufa, Raad Twayg predicted rise in oil prices to $ 110, after falling to $ 79, saying that the need for oil with increasing the cold waves in the world will increase the demand for it.
He told the National Iraqi News Agency / NINA / that “through monitoring the historic movement of global oil prices since 1980, the global oil prices, in general, are on the rise and there will not be a certain ceiling for oil prices in the coming decades.”
He pointed that the decline in the oil prices would be temporary and will be rising to their highest level. ”
He called on government to shift from oil resources to other resources to finance public budgets in the coming years. ”
They oil ministry expected that the oil production will rise to 3.8 million barrels per day in 2015, including the production of the Kurdistan region.
Oil Minister, Adel Abdul Mahdi said on last Thursday, “Exports will reach an average of 3.2 million barrels per day.” / End
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