Abdul Mahdi’s advisor mortgages the recovery of oil prices, on condition

Abdul Mahdi’s advisor mortgages the recovery of oil prices, on condition

05:47 – 17/04/2020

Abdul Mahdis advisor mortgages the recovery of oil prices on conditionBaghdad – Mawazine News
, the economic advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, considered Friday that the recovery of oil prices in world markets depends on the commitment of producers in OPEC and outside the agreement to reduce production.
Saleh said, in a statement seen by / Mawazine News /, that “oil prices will recover if countries adhere to the OPEC agreement to reduce global production.”
He added that “the rise in prices is related to the amount of those countries’ commitment to the oil agreement,” stressing “Iraq’s commitment to the decisions issued by OPEC, and will work to reduce production.”
Saleh pointed out that “Brent crude prices may reach $ 50 per barrel in the coming period.”
On Sunday, the OPEC Plus group agreed to an unprecedented reduction in production equivalent to about 10 percent of global supply, to support crude prices that fell in the midst of the Corona pandemic.
According to the agreement, Iraq will reduce its production by about one million barrels per day. End / 29 BC

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