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Parliamentary Energy expects the decline in oil prices to $ 30 per barrel
8/26/15
BAGHDAD / ... expect the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, Wednesday, lower oil prices in the coming days to $ 30 per barrel.
He called Bahr al-Ulum said in a statement received "eye Iraq News", to the need to build Iraq's budget for next year on the price of $ 45 a barrel.
He added that oil markets have witnessed in the past few days is the worst days over the past years and was a setback not easy, "adding that the arrival of oil prices to below $ 40 a barrel to open the door of possibilities for touching the prices to $ 35."
He attributed the Bahr al-Ulum "lower oil prices in the coming days to $ 30 per barrel that the amount of supply over demand, in addition to pumping Arabia more than 10 million barrels per day, and this in itself generates a glut in the market if we add to it increases produced by Iraq and Taathssh Markets from an expected increase in the production of Iran in the future. "
He stressed "the need to build Iraq's budget for next year at a price of $ 45 per barrel", ruling that "up oil prices in the future above the price of $ 65 a barrel."
The price of a barrel of oil closed on Monday in the New York market without the forty dollars for the first time six years ago.
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8/26/15
BAGHDAD / ... expect the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, Wednesday, lower oil prices in the coming days to $ 30 per barrel.
He called Bahr al-Ulum said in a statement received "eye Iraq News", to the need to build Iraq's budget for next year on the price of $ 45 a barrel.
He added that oil markets have witnessed in the past few days is the worst days over the past years and was a setback not easy, "adding that the arrival of oil prices to below $ 40 a barrel to open the door of possibilities for touching the prices to $ 35."
He attributed the Bahr al-Ulum "lower oil prices in the coming days to $ 30 per barrel that the amount of supply over demand, in addition to pumping Arabia more than 10 million barrels per day, and this in itself generates a glut in the market if we add to it increases produced by Iraq and Taathssh Markets from an expected increase in the production of Iran in the future. "
He stressed "the need to build Iraq's budget for next year at a price of $ 45 per barrel", ruling that "up oil prices in the future above the price of $ 65 a barrel."
The price of a barrel of oil closed on Monday in the New York market without the forty dollars for the first time six years ago.
[You must be registered and logged in to see this link.]
