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Economist for / Nina:: The high oil prices require a global recovery plan, such as the Marshall Plan


Mary B
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Economist for / Nina:: The high oil prices require a global recovery plan, such as the Marshall Plan

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Baghdad / Nina / Economist Raad Tuwaij confirmed that the increase in oil prices requires a global recovery plan such as the Marshall Project after the fading of the Corona, ruling out the success of the OPEC + measures in the immediate reduction.


Tweig said in a statement to the Iraqi National News Agency ( NINA ) that "as a result of the broken demand for oil and the inflexible supply in the land and sea strategic stocks, which are approximately 150 million barrels, and after the daily global demand was 100 million barrels and decreased to 20 million barrels, the prices will be inclined The OPEC + Plus group’s measures to reduce immediately will be far from achieving balance, stressing that stopping oil production from that group for a specified period will generate an adverse shock to consumers and the global market and will increase oil prices and will prevent oil from being sold without To zero again , as it happened last week. "

The economist continued, "The rise in oil prices requires a global recovery plan, such as the Marshall Plan, after the fading of the Corona, any major global agreement that restores to the market its effectiveness and a reduction in the global recession, indicating that the simple opening of the US and Chinese economy will not have a profound impact on the global economy." / End 8
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