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Adel Abdul-Mahdi: The market will witness increased demand for fuel and oil prices to rise over its own path
Sunday, February 22, 2015 17:23
Baghdad where]
Oil Minister Adel Abdul-Mahdi, said on Sunday that the demand for energy sources, rates will rise and that demand for oil will continue to rise at a rate of 1.2-1.5% per annum demand has up to 105-110 million barrels per day in 2025.
Said Abdul-Mahdi said in a statement issued by the Information Office today received by all of Iraq [where], a copy of it, that "the demand for oil will continue to rise and that the transport and freight cars and special vehicles sector will play an important role in increasing consumption, keeping watch up gradually in oil prices in the coming months ".
It is said that Oil Minister Adel Abdul-Mahdi had already predicted the rise in oil prices in global markets after they reached the bottom, "explaining that" the fall in prices is not authentic case even stopped falling prices and the return of its rise, albeit slowly and gradually will depend on the height more than the rates demand ".
Abdul-Mahdi said that "the demand rates will increase in the global markets," he said, adding that "out significant amounts of oils marginal high-cost markets or stop or reduce spending on projects and investments oil or energy, which would affect the whole on the overall presentation will also contribute to halt the decline prices. "
And the oil minister said, "Any external circumstance political as events, environmental and stop if partial areas for production or disrupt this production lines or the return of growth in consuming countries, especially in Asia, Europe and the United States will have a direct impact on stop this decline."
Saw crude oil prices, in the past few days, up by two dollars to check the second weekly increase her, and away more than 20% from the lowest level in nearly six years recorded in the last month, with the support of the chaos in Libya and strong economic indicators from the United States.
It is noteworthy that world oil prices have seen a significant decrease is the first of its kind in five years, which led to many of the affected countries, including Iraq.
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Sunday, February 22, 2015 17:23
Baghdad where]
Oil Minister Adel Abdul-Mahdi, said on Sunday that the demand for energy sources, rates will rise and that demand for oil will continue to rise at a rate of 1.2-1.5% per annum demand has up to 105-110 million barrels per day in 2025.
Said Abdul-Mahdi said in a statement issued by the Information Office today received by all of Iraq [where], a copy of it, that "the demand for oil will continue to rise and that the transport and freight cars and special vehicles sector will play an important role in increasing consumption, keeping watch up gradually in oil prices in the coming months ".
It is said that Oil Minister Adel Abdul-Mahdi had already predicted the rise in oil prices in global markets after they reached the bottom, "explaining that" the fall in prices is not authentic case even stopped falling prices and the return of its rise, albeit slowly and gradually will depend on the height more than the rates demand ".
Abdul-Mahdi said that "the demand rates will increase in the global markets," he said, adding that "out significant amounts of oils marginal high-cost markets or stop or reduce spending on projects and investments oil or energy, which would affect the whole on the overall presentation will also contribute to halt the decline prices. "
And the oil minister said, "Any external circumstance political as events, environmental and stop if partial areas for production or disrupt this production lines or the return of growth in consuming countries, especially in Asia, Europe and the United States will have a direct impact on stop this decline."
Saw crude oil prices, in the past few days, up by two dollars to check the second weekly increase her, and away more than 20% from the lowest level in nearly six years recorded in the last month, with the support of the chaos in Libya and strong economic indicators from the United States.
It is noteworthy that world oil prices have seen a significant decrease is the first of its kind in five years, which led to many of the affected countries, including Iraq.
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