Home
Oil prices rose to record their highest gains since last year
Oil prices surged on Saturday to record their biggest weekly gain since July last year amid support from concerns about military action in western Syria and reports of a decline in global crude stocks.
Military action in Syria could lead to confrontation with Russia, fears of disruption of crude supplies from the Middle East, but there is no sign of an imminent US-led attack. Analysts said that under this threat, traders in the oil market increased their positions ahead of the weekend.
Global Brent crude futures closed up 56 cents, or 0.78%, to settle at $ 72.58 a barrel, ending the week with gains of $ 5 or 8%.
US benchmark WTI futures rose 32 cents, or 0.48%, to close at $ 67.39 a barrel, ending the week with an 8% gain.
Last week, the benchmark crude oil prices hit their highest levels since late 2014 after US President Donald Trump warned that incoming missiles were in response to an alleged gas attack in Syria and after Saudi Arabia said it had intercepted missiles over Riyadh. But Trump said in a tweet on Thursday that " On Syria may be very close and may not be so. "
The Organization of the Petroleum Exporting Countries (OPEC) said yesterday that the surplus of global oil stocks is nearing fading, and the total production of the Organization fell by 201 thousand barrels per day to 31.96 million barrels per day in March last February.
OPEC Secretary-General Mohamed Barkindo said OPEC and its oil-producing allies were preparing to extend their agreement to cut output to 2019, with a global oil outlook expected to dissipate by September. Finished
http://aynaliraqnews.com/index.php?aa=news&id22=96183
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
» Expert: The stability of the economy is linked to the political situation
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
» Parliamentary Finance criticizes the government's failure to send the budget schedules
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
» Revealing the date of the arrival of the 2024 budget schedules
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
» Transport reopens the Baghdad - Samarra railway line
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
» Oil clarifies the mechanism for investing grant funds and licensing contracts
» A $700 million agreement is signed between Iraq and Italy to finance these projects
» Iraq recovers 90 billion dinars from social protection violators
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
» An economic vision for the standard of competition for exploratory plots in Iraq
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars
» A communication from the Ministry of Health to the Ministry of Interior in Kurdistan regarding “herb
» Popular agreement to end the “cancer towers” crisis in the oldest villages of Diyala.. Document
» What is the reason for OPEC's decision to stop publishing its estimates of the volume of global dema
» It includes 29 projects in 12 governorates.. Launching the fifth supplementary licensing round and t
» Among them are 8 Chinese companies...an economic view of the criteria for competition over explorato
» Sudanese: Gas burning will stop within 3-5 years
» With the extension of its legislative term.. Will the Iraqi parliament succeed in resolving the budg
» Al-Sudani's angry message to Guterres: We do not need UNAMI.. Describe your belongings and leave
» As a result of corruption charges... Parliamentary signatures were collected to dismiss the director
» 13 countries are competing for 29 fields, and Anbar and Muthanna have the lion’s share... Details of
» Ending the international coalition’s mission...negotiations may take more time
» Oil reveals a mechanism to support services and establish infrastructure projects in the producing g
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
» The New Generation Movement files a lawsuit to dissolve the regional government: It is unable to mak
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
» Al-Rafidain: Loans for purchasing residential units start from 5 to 150 million
» Iraq launches a new licensing round to develop oil and gas fields
» Signing an agreement between Iraq and Italy to finance industrial projects worth $700 million
» Minister of Oil: Soon we will announce the increase in Iraq’s oil reserves to 160 billion barrels
» The Chinese company ZPEC wins the investment in the East Baghdad field - the northern extensions
» utube 5/9/24 Iraqi Dinar | Ali Alaq Announced New Rate Finally Showing New Rate On Tv Screen | Din
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
» The conflict of the corridors: the path to development from a historical perspective and the door to
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
» A government move to restore the funds of the Trade Bank of Iraq
» The Central Bank informs France of plans to restructure the banking sector
» A government advisor reveals the fate of the budget tables
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
» Economist: The fluctuation of the dollar is “the balance of speculators”
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
» A call to the Sudanese to remove American forces from Iraq
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
» The government is silent...the reality of removing American forces from Iraq
» The radiation protection law in the first session of the next legislative term
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
» The European Union and Iraq agree to increase cooperation between them
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
» Highlights of the Prime Minister's visit to Babylon
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
» It revealed the details of its contract with four companies to complete the census requirements... P
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly