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According to the Saudi institute, the price of oil could reach $ 300 if the OPEK-Russia alliance collapses, adding that without the organization of the oil-exporting countries, the world would lose its network secure to try to stabilize the oil market supply disruptions and other shocks.
These are the conclusions of the analysis of an independent energy research center in Saudi Arabia.
"Our analysis shows that during the period 2011-2012, when Libya would experience supply disruptions, oil prices could do a lot, this could happen now in 2018 and that oil will cost more than $ 200." said Adam Sieminski, president of the Petroleum Research Center, stressing the importance of OPEC's work.
"If there is no agreement on the decisions made by Russia and Saudi Arabia in the framework of the OPEK alliance, we can easily see the oil reach 300 dollars a barrel, "said Siemiansky.
The official also said that the organization was one of the main institutions that operated as a supplier, noting that nearly 70% of the OPEC facilities available were in Saudi Arabia.
This year, the huge is unstable with respect to oil prices due to deep geopolitical tensions. US President Donald Tramp has announced increases in crude oil prices, followed by a decline in production in Venezuela, bringing oil to 86 dollars a barrel.
In an effort to balance oil prices, OPEK and its non-member allies, at the head of Russia, have injected about one million barrels a day into the global market.
Kurir.rs/ Tanjug
Photo: Profimedia
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