Iraq expects oil prices to $ 65 in coming months

2016/06/02 13:30


Iraqi oil Ministry predicted Thursday oil prices to $ 65 during the second half of this year.

He said oil Minister Fayad, agent grace, in a talk at the meeting of oil ministers from OPEC Member States in Vienna followed (range), that oil prices may rise during the second half of this year to between 55-65 dollars per barrel.

Index was Brent register, on 26 May 2016, rose by 1.2 percent to 50.34 dollars a barrel for the first time this year, with analysts attributed the rise to increased demand for crude oil from the world's top oil consumers, confirmed continuing high oil prices this year.