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Yousef Awad Al-Azmi: Is a $ 40 oil?
As is clear from the title of the article seems to march downward for the price of a barrel of oil is heading to forty dollars, and clear that the main producing countries took consistent with this discount pricing, and became a competition for market share at its peak, and everyone is strongly defends his shares amid a market where an oversupply and low in demand, Saudi Arabia a few days ago announced the submission cut the Arabian Light crude, which will sell for Asia in January next year, a reduction of the highest in 14 years, and Iraq offers is also a reduction on the Basrah Light is the lowest in 11 years, as Kuwait offers the highest reduction in six years to customers in Asia, to the tune of $ 3.95, according to the average price of Dubai / Oman.
In a report for the organization, "OPEC" Ichaem the coming days, this report is expected to be produced in 2015 is the lowest since 2003, the course will not admire this talk of Russia and its ally Iran, which Ttgraan bitter as a result of this price decline, because the two countries depend heavily on this product, but is determined aspects of exchange in their budgets on specific pricing for the price of a barrel of oil.
Here, it must be pointed to the obvious political psychology at these price declines, despite the pleas of Iran (which depends price of $ 130 a barrel in the budget, which indicates the cause of the Iranian protest at this price) cuts to OPEC countries to work the way returned by the price as it was, but ignore obvious that of her colleagues in the "OPEC" is clearly visible.
In the United States, which, thanks to oil shale, expanded chemical industries, and flourished, there are claims energetic movements of a number of politicians to lift the ban on the export of American oil to the outside and imposed 40 years ago, meaning that a global impact, not in the "OPEC" countries or Russia only. Saudi Arabia remains steadfast in front of frequent urge to cut production, and seeks to impose what you want is a sister Gulf, and in the capital of the Republic of Peru, Lima, where he held an annual conference on climate change, Mr Ali Naimi, the Saudi oil minister, was present, was asked whether he thought it necessary production cut by the "OPEC" meeting scheduled in June, response was: Why should we cut production? What for?
These critical tone of the Saudi Minister confirm what was authorized by the minister himself, and also his colleagues Gulf, the need to let the market correct itself without intervention to reduce production or other than available.
Clearly, there is acceptance and conviction of certain countries to what is happening, and vice versa, and interests are talking, and countries strategies and plans that are consistent with its future, no doubt that the political impact will be significant in the event of price declines continue, nor forget the great Iranian interference in the events of the area, With the support of the high price of a barrel of oil, pumped huge money in conflict zones to impose its political influence.
Iranian interference and yielded substantial interests her, and now reduced the price of the barrel, and the Iranian currency fall, making President Hassan Rohani abandon diplomacy to say that what is happening from the decline in prices and the reasons behind it and political interference!
Now we are on the outskirts of 2015, and price declines continue despite a stopover in forming a circle for a short time, then resume go down again, and states do not speak except in accordance with the interests, and interests may not be talking about it explicit in many cases, and expose the act, but the question here is: Is the price to reach $ 40 as Iran's president said? Although this price arrived Will talk about prices below forty? God knows everything is permissible.
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