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Iraq accuses foreign powers through its control in the global oil prices caused the economic crises
03/10/2015
The spokesman for the Oil Ministry, Assem Jihad, Saturday, that outside political wills and certain forces control the global oil prices, noting that some parties refused to apply the OPEC decision to cut oil production has caused the deterioration of oil prices.
Jihad said L / scales News / "The standards adopted by the oil experts in the world changed after becoming a global oil prices are determined in accordance with the political wills and control certain forces the oil market," noting that "the countries of the Organization of Petroleum Exporting Countries calls for a conference to discuss the oil market and oil prices, which sometimes it goes down because of things unrelated to the situation of the oil countries ".
He added the spokesman of the Ministry of Oil that "the rejection of countries in OPEC implementation of the decision to cut oil production has caused the deterioration of the oil market prices and a recent economic crises," noting that "take decisions OPEC majority leads to fold organized force in the global oil market."
This "offset crude oil prices losses incurred earlier, and rose by one percent or more after a report showing decline in the number of drilling oil rigs operating in the United States for the fifth consecutive week," while "raised again the controversy over the production decline in the largest consumer oil in the world. "
It is said that "the parliamentary finance committee member Ahmed Hama confirmed, earlier, that the decline in oil prices to $ extra budget would increase the financial budget deficit for next year one billion dollars" .anthy 29/28
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