US newspaper: oil barrel will reach 80 dollars .. And two Arab countries to light!
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US newspaper: oil barrel will reach 80 dollars .. And two Arab countries to light!
Admin Tue Apr 23, 2019 11:11 am
23-04-2019 06:19 PM
Baghdad / News:
The price of a barrel of Brent crude will reach $ 80 by the third quarter this year, after the announcement by US Secretary of State Mike Pompeo yesterday that his country will not extend the exemptions on the import of Iranian oil, which ends in the second of India, China, Taiwan, South Korea, Turkey, Japan, Greece and Italy.
In its report, the newspaper pointed out that the number of barrels issued by Iran per day is expected to reach 300 thousand the day after the American move, the managing director of Fakts Global Energy, Imam Nasri, as saying: "The pressures in the market are on the balance of supply and demand In the third quarter of each year, when demand reaches its highest level while supply declines due to maintenance and seasonal issues. "
Nasri also warned of another "unlikely" scenario, saying the price could rise to 85% if OPEC +, which agreed in December to cut oil supply by 1.2 million bpd from January 1 to six months, Oil prices have doubled to more than $ 60 a barrel since the start of the alliance (including 24 OPEC oil exporters, along with 10 other oil countries, led by Russia), which in 2017 is the result of a series of reductions Production by its members.
"The United States, Saudi Arabia and the United Arab Emirates are committed to ensuring that the world oil markets continue to be supplied with everything they need," said Donald Trump. "The price of Brent crude was 74.31 yesterday, the highest price ever. In about 6 months.
For his part, the analyst at the bank "UBS" Swiss, Giovanni Stonovo, he expected that Saudi Arabia and its allies will take care carefully with the needs of the beginner rather than increase production in a preventive manner.
As for the upcoming OPEC meeting in Vienna in June, Saudi Arabia's expert on economic affairs, Ellen Wald, spoke of the need for Saudi Arabia to clarify to the Vienna meeting that it had not concluded an agreement with the United States.
On the other hand, Nasri ruled out the conclusion of the OPEC countries to an agreement, especially as Saudi Arabia and the UAE publicly announced their work with the United States to increase production
http://www.ikhnews.com/index.php?page=article&id=190041
Baghdad / News:
The price of a barrel of Brent crude will reach $ 80 by the third quarter this year, after the announcement by US Secretary of State Mike Pompeo yesterday that his country will not extend the exemptions on the import of Iranian oil, which ends in the second of India, China, Taiwan, South Korea, Turkey, Japan, Greece and Italy.
In its report, the newspaper pointed out that the number of barrels issued by Iran per day is expected to reach 300 thousand the day after the American move, the managing director of Fakts Global Energy, Imam Nasri, as saying: "The pressures in the market are on the balance of supply and demand In the third quarter of each year, when demand reaches its highest level while supply declines due to maintenance and seasonal issues. "
Nasri also warned of another "unlikely" scenario, saying the price could rise to 85% if OPEC +, which agreed in December to cut oil supply by 1.2 million bpd from January 1 to six months, Oil prices have doubled to more than $ 60 a barrel since the start of the alliance (including 24 OPEC oil exporters, along with 10 other oil countries, led by Russia), which in 2017 is the result of a series of reductions Production by its members.
"The United States, Saudi Arabia and the United Arab Emirates are committed to ensuring that the world oil markets continue to be supplied with everything they need," said Donald Trump. "The price of Brent crude was 74.31 yesterday, the highest price ever. In about 6 months.
For his part, the analyst at the bank "UBS" Swiss, Giovanni Stonovo, he expected that Saudi Arabia and its allies will take care carefully with the needs of the beginner rather than increase production in a preventive manner.
As for the upcoming OPEC meeting in Vienna in June, Saudi Arabia's expert on economic affairs, Ellen Wald, spoke of the need for Saudi Arabia to clarify to the Vienna meeting that it had not concluded an agreement with the United States.
On the other hand, Nasri ruled out the conclusion of the OPEC countries to an agreement, especially as Saudi Arabia and the UAE publicly announced their work with the United States to increase production
http://www.ikhnews.com/index.php?page=article&id=190041
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