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  • 12-04-20

    Turkey: oil price stability needed for predictability in global oil market

    (MENAFN) According to Turkey's energy and natural resources, oil price steadiness is required for predictability in the international oil market, and instability in oil prices must end nearly.


    He said in a conference that, "all actors' main point, whether they are oil producing or consuming countries, was that there should be cooperation and solidarity in the supply and demand sides of the oil market".


    The effect of coronavirus on global markets, social life, and economic activities around the world was the main topic of the conference.


    Turkey's energy and natural resources added that, "price volatility in recent weeks was the main concern of the meeting; rather than high or low oil prices, lack of projection and volatility in oil prices have a higher negative impact on the market."

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