Parliament is moving towards reducing the price of oil in the budget to $ 46

Parliament is moving towards reducing the price of oil in the budget to $ 46

2018-12-26

Parliament is moving towards reducing the price of oil in the budget to 46A parliamentary source revealed Wednesday that there is a parliamentary tendency to reduce the price of oil in the budget of 2019 to $ 46 a barrel.

The source said that “the volatility of global oil prices foreshadow a severe economic crisis in the country if oil remains set at $ 56 in the budget of 2019.”

He added that “the parliamentary oil committee submitted a proposal to reduce the price of oil to $ 46 a barrel, while reducing some expenses in the budget.”

International oil prices have recently fallen sharply, pushing OPEC producers to agree to cut output by more than 1 million barrels a day.

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