Thursday 3 September 2015 11:15
High oil prices a little during the eight-hour and forty years did not last long, where Aaot prices to drop again as official data appear to come from China, which is the biggest engine of global energy consumption.
This decline comes after the rise in oil prices by more than eight percent, as some of the data contraction of US production of crude, and the willingness of the Organization of Petroleum Exporting Countries (OPEC) to consult with other producers outside the Organization on falling prices showed.
Experts believe that the market is trying to find a balance point, but it led to increased volatility, at a time when speculators intentionally to exploit the market to achieve high profits. OPEC says that the continuing pressure on prices remains a source of concern for her, and each shareholder in this sector.
And renewed fears in some oil-exporting countries of these fluctuations, particularly Iraq, which sits under the weight of financial decline, in light of the growing popular demands for change aimed realistic, it requires huge amounts of money is not secured by the national output of the non-oil.
In the opinion of economists, the Iraqi government is facing tougher choices in compensation, including the resort's financial reserves of fifty-nine dollars and ninety tons of gold.
But that may not intercede in bridging the gap, as the reserve is reduced year after year, and the main reason is the drop in oil prices or at least persistent and harmful to the economy and the movement of internal and external investment volatility.
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