As
per the latest report, in 2018, the world demand for oil will grow and may
reach over 5 percent. Well, the report was stated by the UN expert on global
energy issues Togrul Bagirov in an interview. He is one of the finest and
renowned personality who is the executive vice president of Moscow
international petroleum club and has experience of many years in the same
domain. Dr. Togrul Bagirov in his interview with CBC within the framework of
the "Economy of the Day" program has said that as per the graph of
the daily use of the petrol, it has been identified that its demand will soon
increased by 5% and this consumption will push the production and supplies.
According
to Togrul Bagirov Nobel, the previous year was successful in terms of rising
oil prices as well as it is facilitated by the geopolitical and economic
situation in the world. He also said, the increment in the value of black gold
will also be affected by the commitment of countries that have joined the OPEC
as well as were in the agreement to rebalance prices. Togrul Bagirov Baku has
also said that the oil prices will range between $65-75 in 2018 and assumed
that oil prices will change based on this interval. Also, in the future he
assumed that the prices can grow and will certainly grow in the following years
as well.
Togrul
Bagirov Moscow also exclaimed that currently the prices are $70 per barrel, and
if the prices will be same, we can call it the best price, because it is
beneficial not only for extracting countries, but also for consuming countries.
His predictions have always been accurate and 2018 is here to check the
predicted status of Mr. Togrul.
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