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Economist: coming period will witness many ups and downs in oil prices
23.07.2015
Despite fears of global economic institutions and economic experts, from the effect of increasing the production of races and Iran of oil on the world market, but that the Iraqi Oil Ministry, confirmed pressing ahead to increase its oil production.
He said ministry spokesman Assem Jihad, "said the ministry is seeking to get to export four million barrels of oil per day by the end of this year."
Economic expert, Abdul Rahman al-Mashhadani, pointed out that "the impact of increased Iraqi oil exports due to investment by corporate giants, and asked him in a global job market," stressing that "the coming period will witness many ups and downs in oil prices."
However, the expert in the field of oil, Mohammed Saleh, ruled out "Iraqi oil impact heavily on global markets, on the grounds that the ministry is seeking to increase its exports gradually," but he also said, "The forecast increase Iran's oil exports would disrupt the oil market slightly."
The founder, JP Morgan US banking and financial services, predicted the drop in oil prices in world markets, following the Iranian nuclear deal, expected as well as increased Iranian exports on the back of this agreement, but it is predicted that the affected market larger as a result of increased Iraqi exports of oil, having reached highs last June to reach more of the more than one million 300 thousand barrels per day.
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23.07.2015
Despite fears of global economic institutions and economic experts, from the effect of increasing the production of races and Iran of oil on the world market, but that the Iraqi Oil Ministry, confirmed pressing ahead to increase its oil production.
He said ministry spokesman Assem Jihad, "said the ministry is seeking to get to export four million barrels of oil per day by the end of this year."
Economic expert, Abdul Rahman al-Mashhadani, pointed out that "the impact of increased Iraqi oil exports due to investment by corporate giants, and asked him in a global job market," stressing that "the coming period will witness many ups and downs in oil prices."
However, the expert in the field of oil, Mohammed Saleh, ruled out "Iraqi oil impact heavily on global markets, on the grounds that the ministry is seeking to increase its exports gradually," but he also said, "The forecast increase Iran's oil exports would disrupt the oil market slightly."
The founder, JP Morgan US banking and financial services, predicted the drop in oil prices in world markets, following the Iranian nuclear deal, expected as well as increased Iranian exports on the back of this agreement, but it is predicted that the affected market larger as a result of increased Iraqi exports of oil, having reached highs last June to reach more of the more than one million 300 thousand barrels per day.
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