Page 1 of 1
Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing
Information / Special ...
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."
- VIP NewsHound
- Posts : 17748
Join date : 2018-11-04
Page 1 of 1
Permissions in this forum:You cannot reply to topics in this forum