Economist: Russian-Saudi agreement will drop the price of a barrel to 40 dollars

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Economist: Russian-Saudi agreement will drop the price of a barrel to 40 dollars

Post  Admin on Sat May 26, 2018 9:49 am

All we can do is wait and see
17:29 - 26/05/2018


The economic expert Dhargam Mohammed, Saturday, the government to establish a sovereign fund to invest the surplus budget of high oil prices, indicating that if the Russian agreement to achieve the Saudi oil supply increase will fall to $ 40 per barrel.

"Any agreement between Saudi Arabia and Moscow to increase the world oil supply will return to a renewed decline below $ 40 a barrel," Mohammed told Al-Maaloumah.

He added that "the solution lies in the government's efforts to increase oil production and raise export capacity because the negotiations will take place after dumping the market on oil based on marketing quantities in a timely manner."

The economist called on the government to "establish a fund to invest the surplus budget from the high oil prices in the current period before the decline in investment projects to free the budget of 2018 of a large investment in service projects."

http://www.almaalomah.com/2018/05/26/312928/

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