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Ex-Minister: Oil Prices Likely Stable
Engineer Osama Kamal, the former Minister of Petroleum and Chairman of the Energy Committee in the Senate, stated that current global tensions are linked to political balances related to control over energy sources, particularly in Venezuela, the Gulf region, and Russia. The United States is deploying military and political tools to weaken China, which is considered a primary target due to its high growth rates posing a threat to America. He emphasized that oil prices, which have risen due to damage to oil centers, are unlikely to decline for more than three years, reflecting his expectation that fuel prices will not decrease in the near future.
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