Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing
Page 1 of 1
Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing
Admin Sun Mar 07, 2021 11:43 am
Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing
19:02 - 07/03/2021
On Sunday, Mazhar Muhammad Salih, the economic advisor to the prime minister, confirmed that oil prices will remain at the $ 70 per barrel barrier, which will spare them borrowing, confirming the disappearance of the global oil surplus.
Saleh said to "the information" that "the global economic crisis is towards a breakthrough after the rise and recovery of global oil prices, reaching the $ 70 barrier."
He added, "The deficit has shrunk, and it is possible to dispense with borrowing if the price of a barrel of oil continues towards the current price," noting that "the global oil surplus has ended and OPEC is looking to increase production for all exporting countries and urges them to do so."
Saleh explained that "the disappearance of 10% of the global oil surplus dispels fears of a return to low oil prices, which means that the budget will reach the equilibrium stage."
https://www.almaalomah.com/2021/03/07/524107/
19:02 - 07/03/2021
On Sunday, Mazhar Muhammad Salih, the economic advisor to the prime minister, confirmed that oil prices will remain at the $ 70 per barrel barrier, which will spare them borrowing, confirming the disappearance of the global oil surplus.
Saleh said to "the information" that "the global economic crisis is towards a breakthrough after the rise and recovery of global oil prices, reaching the $ 70 barrier."
He added, "The deficit has shrunk, and it is possible to dispense with borrowing if the price of a barrel of oil continues towards the current price," noting that "the global oil surplus has ended and OPEC is looking to increase production for all exporting countries and urges them to do so."
Saleh explained that "the disappearance of 10% of the global oil surplus dispels fears of a return to low oil prices, which means that the budget will reach the equilibrium stage."
https://www.almaalomah.com/2021/03/07/524107/
Admin- Admin
- Posts : 29357
Join date : 2012-04-30
Location : Arizona -
Similar topics» ******** The central bank confirmed its readiness to finance small projects to spare the country from external borrowing expanded {}
» On the expectations of the decline of the Iraqi economy .. Advisor Al-Kazemi talks about solutions
» Al-Kazemi’s advisor sets two positive goals for the procedures for zeroing food and basic fees
» Budget surplus and future services
» The budget deficit of 2017 turns into a surplus
» On the expectations of the decline of the Iraqi economy .. Advisor Al-Kazemi talks about solutions
» Al-Kazemi’s advisor sets two positive goals for the procedures for zeroing food and basic fees
» Budget surplus and future services
» The budget deficit of 2017 turns into a surplus
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|