Tag Archives: Oil Price

Higher oil prices are a key risk to the growth outlook.

Algeria spent $2 billion on imports of refined products 2017.

Currently. analysts believe the sanctions could take between 200.000 and up to a million bpd of Iranian crude off global markets.

Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.

Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.

Experts believe that the US move would bring uncertainty to prices.

Iran is one of the world’s largest oil producing countries.

The U.S. move threatens Iran with lower export income and less access to hard currency.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

World oil prices have increased after the trades held on Friday at the leading oil exchanges.