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Experts Warn Iraq of Serious Decline in Oil Prices

The US continental shelf and Alaska are expected to have 90 billion barrels of oi and 9 trillion cubic meters of gas.

Baghdad/ Iraq TradeLink: Iraqi energy expert Majeed Abdul Mehdi al-Nashi expected the decline in

 
oil prices to "dangerous limits", because of the policies of US president Donald Trump.

Al-Nashi, ex-UN expert, pointed that President Trump signed excavation in  the US continental shelf, including the Alaska, that will affect the oil prices in future.

The US continental shelf and Alaska are expected to have 90 billion barrels of oi and 9 trillion cubic meters of gas.

"With such production, USA will exceed the production of all oil producing companies that will affect OPEC's decisions on prices", he added.


He warned that the coming oil stages will have dangerous effects on oil prices, as well as other countries that annexed their bread with oil production.

Source: Iraq TradeLink

 

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