July 7, 2021 | oil and gas

Economist: Oil Prices Constantly Rising And The Price Of A Barrel May Reach $100

Baghdad / NINA / - The economic expert, Abdul Hassan Al-Shammari, confirmed that: Oil prices are constantly rising, and the price of a barrel may reach $100.

He told the National Iraqi News Agency (NINA) that: OPEC Plus wants to maintain the current price of a barrel of oil as a remunerative price that serves everyone.

Al-Shammari added that: Maintaining this price needs to raise production according to the needs of consumers so that the price remains stable.

He explained that: Prices are constantly rising, and the price of a barrel may reach $100 during the first half of next year.

Over the past few days, oil prices witnessed a continuous rise, reaching nearly $78 a barrel, due to the non-agreement of the OPEC Plus countries on a specific formula for production and export that meets the needs of producers and consumers.


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