Parliamentary Estimates Project Oil Price at $53-$56 per Barrel in Upcoming Budget

mesoiraq - The Parliamentary Finance Committee revealed the mechanism adopted for estimating crude oil prices in the upcoming general budget, noting that budget preparation is conducted on an annual basis incorporating global oil market evaluations. The committee stated that initial estimates project the price between $53 and $56 per barrel, with potential adjustments based on international demand dynamics and marketing routes, emphasizing that the budget remains a financial projection subject to evolving economic indicators.