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Abdul-Mahdi: lower oil prices and the loss of more than 30% of its value
7/11/2015
Defense Minister Adel Abdul-Mahdi said in a statement published on Saturday on his page on Facebook, and I followed "Today's News", that "oil prices have seen a significant decline and lost barrel of Brent oil since Monday of $ 6-8 a barrel, and the loss of the euro more than 30% of its value Because of the Greek side rejected the package of the European and international solution which threatens the entire European system and lead to a series of economic and political implications, these developments Vsergt former relative improvement in the European economy. "
He added that "Iran's statements and their negotiators sides of opportunity that the nuclear deal has become closer than ever .. which could lead to the lifting of sanctions on Iran and the entry of more than one million barrels of oil to the market over the next six months."
"The increase in supply over demand, and demand is estimated to 93.74 million barrels / day .. While the offer is estimated at 95.63 and 95.8 million barrels / day for July and August respectively, note that most of the increase came from Iraq and Saudi Arabia."
Finally he saw about rising inventories in most countries "in the European Organization for Economic Cooperation and Development countries increased reserves to cover 64 days compared to 58 days previously."
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7/11/2015
Defense Minister Adel Abdul-Mahdi said in a statement published on Saturday on his page on Facebook, and I followed "Today's News", that "oil prices have seen a significant decline and lost barrel of Brent oil since Monday of $ 6-8 a barrel, and the loss of the euro more than 30% of its value Because of the Greek side rejected the package of the European and international solution which threatens the entire European system and lead to a series of economic and political implications, these developments Vsergt former relative improvement in the European economy. "
He added that "Iran's statements and their negotiators sides of opportunity that the nuclear deal has become closer than ever .. which could lead to the lifting of sanctions on Iran and the entry of more than one million barrels of oil to the market over the next six months."
"The increase in supply over demand, and demand is estimated to 93.74 million barrels / day .. While the offer is estimated at 95.63 and 95.8 million barrels / day for July and August respectively, note that most of the increase came from Iraq and Saudi Arabia."
Finally he saw about rising inventories in most countries "in the European Organization for Economic Cooperation and Development countries increased reserves to cover 64 days compared to 58 days previously."
[You must be registered and logged in to see this link.]
