World markets enters the period of low oil prices

The Agreement between six negotiating countries and Iran is a topic of interview of Znaj with the energy expert, the president of the Centre for Global Studies "Strategy XXI" Mykhailo Gonchar.

Iran will gradually enter European oil market, given positive results from further Agreement consideration on US Congress. Prices for oil will remain low during next 10 years because of several factors: 

1) oil demand is lower as oil supply

2) China and some other big developing countries have less intensive development as predicted before

3) value of US dollar is rising, pushing oil prices down

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