Home
Abdul-Mahdi: Oil prices will rise to $ 70 this year
Baghdad-Iraq-Presse -27 March / March: Expect Oil Minister Adel Abdul-Mahdi Aav that prices rise to $ 70 a barrel by the end of 2015 and played down the impact of the emerging conflict Yemen on prices.
Abdul-Mahdi said in an interview with Reuters, said that "oil prices reached last January to" the bottom and can not continue to decline to less than that ... is now rising slowly but steadily. Will continue to climb and possibly up to $ 70 by the end of the year. "
And increased international Brent crude contract prices to more than $ 59 a barrel after Saudi Arabia and its allies carried out Gulf air strikes in Yemen, raising fears of a wider confrontation in the region could disrupt global crude supplies.
But Mahdi pointed out that the impact of the conflict in Yemen on oil prices will be short-term, saying, "Of course, political issues such as the crisis in Yemen could give some payment to the upward trend of prices but it will be a temporary effect."
The mean drop in world oil prices that Baghdad is now paying for companies much larger financial benefits from production-sharing applied in other producers decades pattern and is seeking to renegotiate the terms of Acodha.anthy (1)
[You must be registered and logged in to see this link.]
--
Baghdad-Iraq-Presse -27 March / March: Expect Oil Minister Adel Abdul-Mahdi Aav that prices rise to $ 70 a barrel by the end of 2015 and played down the impact of the emerging conflict Yemen on prices.
Abdul-Mahdi said in an interview with Reuters, said that "oil prices reached last January to" the bottom and can not continue to decline to less than that ... is now rising slowly but steadily. Will continue to climb and possibly up to $ 70 by the end of the year. "
And increased international Brent crude contract prices to more than $ 59 a barrel after Saudi Arabia and its allies carried out Gulf air strikes in Yemen, raising fears of a wider confrontation in the region could disrupt global crude supplies.
But Mahdi pointed out that the impact of the conflict in Yemen on oil prices will be short-term, saying, "Of course, political issues such as the crisis in Yemen could give some payment to the upward trend of prices but it will be a temporary effect."
The mean drop in world oil prices that Baghdad is now paying for companies much larger financial benefits from production-sharing applied in other producers decades pattern and is seeking to renegotiate the terms of Acodha.anthy (1)
[You must be registered and logged in to see this link.]
--
