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Former official of the "OPEC" oil prices could fall to new low
6/14/15
Baghdad / ..
Favored the former director of the Research Organization of Petroleum Exporting Countries (OPEC) Hassan Qabazard, Sunday, that oil prices will remain under pressure in the second half of this year, as will be seriously tested in the last quarter of the year, which may send Brent prices to a new low, between $ 40 and $ 50 a barrel.
Explains Kuwaiti Qabazard, who served between the years 2006 and 2013, in comments reported by the newspaper "Middle East" Saudi Arabia, seen by / information /, the reasons behind its forecast, saying «If we look at the display is still there more oil to the market in the coming months, and if we look to the request it will not grow much after the end of the summer. »
He said Qabazard that the survival of the price of oil above $ 100 a barrel in the past periods was the source of all imbalance in the market. "We have pursued (OPEC) to defend the $ 100 a policy for a while, and that was the majority of the members did not all of them believe that $ 100 is a fair and appropriate for the oil price, and this was a mistake on their part
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6/14/15
Baghdad / ..
Favored the former director of the Research Organization of Petroleum Exporting Countries (OPEC) Hassan Qabazard, Sunday, that oil prices will remain under pressure in the second half of this year, as will be seriously tested in the last quarter of the year, which may send Brent prices to a new low, between $ 40 and $ 50 a barrel.
Explains Kuwaiti Qabazard, who served between the years 2006 and 2013, in comments reported by the newspaper "Middle East" Saudi Arabia, seen by / information /, the reasons behind its forecast, saying «If we look at the display is still there more oil to the market in the coming months, and if we look to the request it will not grow much after the end of the summer. »
He said Qabazard that the survival of the price of oil above $ 100 a barrel in the past periods was the source of all imbalance in the market. "We have pursued (OPEC) to defend the $ 100 a policy for a while, and that was the majority of the members did not all of them believe that $ 100 is a fair and appropriate for the oil price, and this was a mistake on their part
[You must be registered and logged in to see this link.]
