403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Iraq's Oil Minister estimates crude prices to boost
(MENAFN) Amid decline of global stockpiles and increase of demand in China and India, a boost in crude prices in 2018 has been predicted by Iraq's Oil Minister Jabbar Al-Luaibi.
Reporters in Baghdad were informed by the minister "I am very optimistic that in the first quarter, oil markets will witness balance."
According to Joint Organizations Data Initiative data, while attempts were underway to decrease global inventories, output cuts were accepted this year by the Organization of Petroleum Exporting Countries along with its allies as the cutbacks added this year to an increase of 15% in Brent crude prices.
Reporters in Baghdad were informed by the minister "I am very optimistic that in the first quarter, oil markets will witness balance."
According to Joint Organizations Data Initiative data, while attempts were underway to decrease global inventories, output cuts were accepted this year by the Organization of Petroleum Exporting Countries along with its allies as the cutbacks added this year to an increase of 15% in Brent crude prices.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment