Ugaili: the high price of a barrel of oil comes through the United States and Saudi Arabia to reduce oil produced

2016/2/20 19:01

Ugaili: the high price of a barrel of oil comes through the United States and Saudi Arabia to reduce oil produced
{Baghdad: Euphrates News} between a member of the Commission on oil and energy parliamentary bloc citizen Aziz Ugaili, "The high price of a barrel of oil comes through the United States and Saudi Arabia to reduce oil produced."
Said Ugaili told {Euphrates News} on Saturday, said that "the issue of freezing of some countries for oil production remains a mere formality; because Saudi Arabia for not considering lowering its oil production, which is estimated at {10} million barrels, and that the US inventory goes out to the scene, the cause of economic problems in Iraq ".
And the he is saying that "for Iran if it reduced their production or did not do it is a country do not depend on oil primarily, but Aadharha it."
He stressed the need for the United States and Saudi Arabia to reduce oil produced, therefore less supply and the demand, and it will be better than the current situation. "
He added that "the issue of the decline in world oil prices is considered a political issue pursued by Saudi Arabia, and the United States, Qatar, and other countries cooperating; for the purpose of pressure on Iraq, Russia, Syria, and Iran, in economic terms, in my view, the economic crisis will drag on."
The Commission on oil and energy parliamentary member Mazen Mezni had accused Saudi Arabia earlier to dominate the decision-OPEC oil, and causing the waste of oil wealth, as pointed out that the freezing of some countries oil to produce a positive effect on prices.
The "Saudi Arabia, Russia, Qatar and Venezuela agreed after a ministerial meeting in Doha on the freezing of its oil production when in January last levels of the condition of others so producers commitment, as Minister of Energy and Industry of Qatar Mohammed Saleh said Sada, told reporters that following the meeting, which held in a Doha hotel was the four countries agreement, which aims to stabilize oil markets. "
The meeting is significant because it brings together major oil producers in the world, especially Saudi Arabia, a member of the Organization of Petroleum Exporting producing countries {}, along with Venezuela, Qatar and Russia, the largest oil producer outside the Organization.
The decision comes in light of a turbulent situation in global oil markets, after the supply surplus has led to a significant decline in prices since mid-2014, the countries producing foie enormous losses in revenues. Ended h

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