Economist: Oil prices are on the way to rise and there is an opportunity to reduce the dollar
Economist: Oil prices are on the way to rise and there is an opportunity to reduce the dollar
08:32 – 17/05/2021
The information / Baghdad ..
The economist, Wissam Al-Tamimi, said on Monday that global oil prices will rise by a few dollars above the current current price, pointing out that some variables in the American economy in addition to the Palestinian events are all factors that will lead to an increase in global oil prices.
Al-Tamimi said in a statement to “Al-Maaloumah”, that “the government owns a surplus of exported oil revenues per month, up to $ 20 per barrel at a time when Iraq exports more than 3 million barrels per day.”
He added, “The selling prices of oil are on the rise for a few dollars, especially since there are some American variables, the Palestinian situation, and the continuation of the Zionist attacks, all of which will help in the rise in prices.”
Al-Tamimi pointed out that “ Iraq, as an oil-exporting country, will be the first to benefit from the high oil price in the event that the government exploits this rise optimally, as the current and future rise must be matched by a reduction in the dollar’s exchange rate in local markets, after the need to return the cash reserve in the bank has ceased to exist.” Central ”. End / 25 n
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