Expectations of a price range for oil between $ 50 and $ 60 a barrel
20/10/2016 0:00
[rtl]BAGHDAD / Shokran Fatlawi / Farah pumice
with scheduling a meeting of Petroleum Exporting Countries "OPEC" in the Austrian capital ofVienna on the thirtieth of November next, revealed expectations for a price range for crude between $ 50 and $ 60 a barrel over the next year, along with other forecasts indicate reaching an agreement between the oil -producing countries on market stability.
on this subject expressed economic expert , Dr. Ahmed Abrihi optimism that theOrganization of Petroleum Exporting reach and cooperation with Russia to freeze production, pointing out that in the event of their agreement on it will begin the surplus todecline gradually, and at the end of 2017 will reach surplus to around 1.2 million barrels.He Abrihi in an interview for the "morning" the price of oil actually the $ 50 and thebypass has risen, and this scale is the best level since mid - 2015, saying: If hecontinues this improvement, so up the price of oil to $ 70 in the first quarter of 2017, it helps Iraq much. The price of a barrel of Brent crude to $ 51.68 a barrel, while the price of raw materials «OPEC» was $ 46.70 a barrel.
On the possibility to continue the price of oil to rise from the decision taken by OPEC incooperation with Russia, Abrihi pointed out that the agreement possible also improve price is also possible.
he continued , saying: we can not be certain that the surplus in the oil market , forexample , will drop in the next month, adding that accountability depends on the Is that the agreement would only be to freeze production or some states will take the initiative to reduce the output bit? , Stressing: But if there is no agreement , it is likely that thesurplus up to more than two million barrels per day. Crude prices have surged almost 13 percent since the Organization of the Petroleum Exporting Countries suggested on September 27 to cut production or install her first in eight years time to contain theoversupply the
world.
For his part, oil expert Aqil al - Saadi explained that Iraqi oil revenues , the current divided eventually into three parts, first is the largest to support the state treasury and the second as receivables for companies operating third the cost of production, extraction and maintenance segment.
He said al - Saadi to the importance of knowing the citizens how to split the fiscal revenue final real price at which enters the state treasury, for example , if the sale ofbarrels of Iraqi crude oil price of $ 40, the net what enters as income will not exceed in the best cases to $ 30, he says.
also pointed out that Iraq sells oil in a way contracts Term contract, to deal with theserious customers and steadfast and reliable in determining its price up and down depending on the quality of the oil, especially that he sells in three markets are East Asia, Europe and Americas , so find the price of Iraqi oil ultimately less than theadvertised price globally by varying value at $ 30 , the sale of oil, Iraq 's oil has been sold dollars with 24, and therefore , it can not rely on global prices, but on as illustrated by the Ministry of oil end of each month minus dues companies the cost of production and others.
to Deputy Kuwaiti Prime Minister and Finance Minister and Acting oil Minister Anas Saleh announced that there are expectations for oil prices to range between $ 50 and $ 60 a barrel during the 10 or the next 15 months, pointing out that it logical and acceptable expectations.
came Saleh 's remarks on sidelines Sheikh Ahmad Al - Jaber Gallery oil of the Kuwait oil company.
He was good optimism about the possibility of reaching an understanding over the next "OPEC" meeting to be held in Vienna, pointing to the difficulty that lasts current oil prices and the abolition of investments will help the supply and demand equation and reach acceptable prices .
for his part , announced the head of "Gazprom oil" Russian, Alexander Dyukov, that thechances of reaching agreement between the oil - producing countries about the stability of the market has become the largest, now, than it was a year ago.
he said Dyukov in a press statement: "I would point out that chances of reaching the largest conventions, now, than it was a year ago. " Dyukov said the freeze on the level of oil production will ensure the growth of prices, but it would be so intangible because of the backlog of existing crude reserves.
He pointed out that "if we tried to simulate a situation, what can happen in the event ofreach" OPEC "countries , an agreement on freezing or reducing the size of theproduction, I believe that this will give a certain boost. I do not think that this rise in oil prices would be a great, due to the fact that at the present time we have accumulated alarge surplus in the market stock. in order to accommodate the market this surplus should be some time. "
in the meantime, announced the American Petroleum Institute that US inventories of crude fell unexpectedly last week while gasoline stocks rose and fell distillate stocks.
fell US crude stocks of 3.8 million barrels over the week to 467.1 million , compared with analysts ' forecasts that more than 2.7 million barrels. Zkrmahd oil and crude stocks at the delivery point of Cushing , Oklahoma fell by two million barrels.
Gasoline inventories rose 929 thousand barrels while analysts forecast in a Reuters poll to fall 1.3 million barrels. The Petroleum Institute data showed a decline in distillate stocks , which include diesel and heating oil , 2.3 million barrels compared toexpectations that the drop of 1.6 million barrels.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=125157[/rtl]
Yesterday at 6:27 pm by Rocky
» In just two weeks, the Sudanese is awaiting an action plan from the relevant ministries in agreement
Yesterday at 3:35 pm by Rocky
» A thousand dinars every month.. An expert predicts the shape of the final journey of dollar prices
Yesterday at 3:32 pm by Rocky
» Parliamentary Oil: The budget deficit is under control
Yesterday at 3:28 pm by Rocky
» Parliamentary proposals to impose an economic blockade on Iraq
Yesterday at 3:18 pm by Rocky
» His advisor: Al-Sudani succeeded in digital transfer in banks
Yesterday at 3:12 pm by Rocky
» Economist reassures: Financial liquidity is available and there are no risks to the Iraqi dinar
Yesterday at 3:10 pm by Rocky
» Iraq is preparing to bid farewell to the blonde old woman and end the UNAMI mission
Yesterday at 2:46 pm by Bama Diva
» utube MM&C 4/30/24 Projects - Confidence Building - National Bank of Iraq
Yesterday at 7:24 am by Rocky
» Al-Sudani: The government is serious about moving to a diversified economy and supporting the indust
Yesterday at 7:18 am by Rocky
» Deputy: The dollar exchange rate is still high
Yesterday at 7:12 am by Rocky
» The Finance Committee reveals the total transfers today in Iraq
Yesterday at 7:08 am by Rocky
» Minister of Industry: Iraq does not have iron ores suitable for production and we depend on imports
Yesterday at 7:06 am by Rocky
» “The Dilemma of Economic Decisions”... Implementing a gasoline price increase despite opposition fro
Yesterday at 7:03 am by Rocky
» Ukrainian trade explodes with a “surprise”: Iraq has contracted with a “fake” Ukrainian company to d
Yesterday at 6:55 am by Rocky
» Iraq is preparing to invest in the largest gas field
Yesterday at 6:49 am by Rocky
» An economic expert for Nina: The World Bank’s expectations that Iraq will achieve a high growth rate
Yesterday at 6:43 am by Rocky
» The UAE buys cheaper Iraqi oil to increase its exports of “more expensive crude”
Yesterday at 6:40 am by Rocky
» The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bil
Yesterday at 6:39 am by Rocky
» Minister of Resources: Water storage in dams is at its best
Yesterday at 6:37 am by Rocky
» Sadiqoun demands that Taqadum give up all positions in exchange for the presidency of Parliament
Yesterday at 6:33 am by Rocky
» Al-Sudani inaugurates the continuous casting factory at the General Company for Steel Industries in
Yesterday at 5:28 am by Rocky
» Iraq exports to America more than 4 million barrels of crude oil and its derivatives in a month
Yesterday at 5:26 am by Rocky
» Al-Sudani: We are committed to workers’ rights and reconstruction projects will not stop
Yesterday at 5:21 am by Rocky
» The Parliamentary Development Institute organizes a workshop on the right to information law
Yesterday at 5:15 am by Rocky
» Parliamentary Integrity: The judiciary is making a great effort to resolve the theft of the century
Yesterday at 5:11 am by Rocky
» Parliamentary Finance: The government holds responsible for the delay in sending the budget schedule
Yesterday at 5:07 am by Rocky
» Economist: Iraq faces a shortage of 3.5 million housing units
Yesterday at 5:06 am by Rocky
» Obelisk Hour: Sudanese’s visit to Washington did not address the “American exit”
Yesterday at 5:04 am by Rocky
» Planning clarifies the position on contracts and wages from the job number platform
Yesterday at 5:01 am by Rocky
» New country legalizes cryptocurrencies
Yesterday at 4:57 am by Rocky
» The UAE's Dana Gas announces the resumption of work in the "Kormor" field
Yesterday at 4:55 am by Rocky
» The International Comprehensive Shopping Festival kicks off in an Iraqi governorate
Yesterday at 4:54 am by Rocky
» The Minister of Labor gives good news to the workers: Wait for next week
Yesterday at 4:52 am by Rocky
» Iraq's water storage is at its best... Will it address the agricultural situation?
Yesterday at 4:51 am by Rocky
» The government takes a number of new decisions
Yesterday at 4:49 am by Rocky
» The Minister of Labor announces an increase in the salary of retired workers by 100 thousand dinars
Yesterday at 4:46 am by Rocky
» Al-Sudani: Service projects in Iraq “will not stop”
Yesterday at 4:44 am by Rocky
» 90 percent of it comes from across the border. Parliament unveils a new strategy to limit currency s
Yesterday at 4:39 am by Rocky
» Iraq is implementing a "modern strategy" to get rid of a "Sumerian custom" that depleted the waters
Yesterday at 4:37 am by Rocky
» The Minister of Transport announces the opening of 48 collective lines in six governorates
Yesterday at 4:35 am by Rocky
» The Federal Integrity Commission announced the arrest of waste of public money, violations and manip
Yesterday at 4:34 am by Rocky
» Government Media: 3 million citizens have registered so far on the Ur electronic portal
Yesterday at 4:33 am by Rocky
» Labor Day in Iraq.. 6 million workers with an unknown future and stolen rights, and 90% of them “wit
Yesterday at 4:31 am by Rocky
» Iranian Chamber of Commerce: Iraq's investment budget is 150 billion dollars, and our share in it mu
Yesterday at 4:25 am by Rocky
» On International Workers’ Day... The President of the Republic: We stress the necessity of working t
Yesterday at 4:23 am by Rocky
» Prime Minister: We affirm our commitment to all Iraqi workers, men and women, to provide a work envi
Yesterday at 4:22 am by Rocky
» Progress threatens to withdraw from the political process in the event of infringement on its quota
Yesterday at 4:20 am by Rocky
» Bloomberg: Iraq violated its oil export quota and did not adhere to OPEC+ decisions
Tue 30 Apr 2024, 6:23 pm by Rocky
» Al-Sudani stresses the importance of following up on the understandings reached between Iraq and Ame
Tue 30 Apr 2024, 3:56 pm by Rocky
» From "everything is imported" to "food made by one's own hands"... Parliamentary reference to Iraq's
Tue 30 Apr 2024, 3:51 pm by Rocky
» The government hires an external auditor for the Trade Bank of Iraq
Tue 30 Apr 2024, 3:45 pm by Rocky
» Among them relates to the path of development...the full decisions of the Council of Ministers sessi
Tue 30 Apr 2024, 3:37 pm by Rocky
» Al-Maliki warns of the Washington Embassy's plans to threaten Iraqi society
Tue 30 Apr 2024, 11:51 am by wciappetta
» utube MM&C 4/28/24 Iraq Dinar - IQD - Banks - Merge Regionally - Water - Labor -Jobs - Dinar Value
Tue 30 Apr 2024, 10:44 am by Rocky
» Iraqi Business: There are no financial fears in Iraq for three years, and fear regarding the path of
Tue 30 Apr 2024, 10:34 am by Rocky
» Parliament is discussing with the Finance and Retirement Law amending the Landlords Law
Tue 30 Apr 2024, 10:27 am by Rocky
» Customs and taxes... Parliamentary Finance talks about huge sums of money that do not enter the stat
Tue 30 Apr 2024, 10:23 am by Rocky
» Parliamentary Oil threatens to sue the Ministry of Oil over raising gasoline prices
Tue 30 Apr 2024, 10:21 am by Rocky
» Iraq begins installing radiation screening gates at border crossings
Tue 30 Apr 2024, 10:17 am by Rocky
» Hong Kong launches Asia's first Bitcoin and Ether ETFs
Tue 30 Apr 2024, 10:11 am by Rocky
» Al-Mandalawi discusses with the delegation of the Jordanian Senate the achievement of economic integ
Tue 30 Apr 2024, 10:07 am by Rocky
» Parliament draws attention to the work of security companies in Iraq and identifies the party concer
Tue 30 Apr 2024, 9:59 am by Rocky
» How does a Sudanese choose the countries he visits and what are his messages?
Tue 30 Apr 2024, 9:54 am by Rocky
» Baghdad alerts Erbil of a “defect” related to agriculture and requests coordination regarding areas
Tue 30 Apr 2024, 9:46 am by Rocky
» State real estate... between Parliament's movements and a new door to corruption
Tue 30 Apr 2024, 9:38 am by Rocky
» Economist: The Central Bank committed a massacre against private banks at the expense of foreign one
Tue 30 Apr 2024, 9:30 am by Rocky
» Without discussing the agenda, the House of Representatives adjourns its session
Tue 30 Apr 2024, 9:20 am by Rocky
» Parliament reveals details of the “Law to replace custodial sentences in exchange for financial sums
Tue 30 Apr 2024, 7:52 am by Rocky
» The Sudanese and his battle against corruption.. Where is the fault with the government or with the
Tue 30 Apr 2024, 7:40 am by Rocky
» Parliamentary Planning: The Federal Service Law will regulate the work of the public service
Tue 30 Apr 2024, 7:30 am by Rocky
» A representative calls for amendments to the 2024 budget tables
Tue 30 Apr 2024, 7:23 am by Rocky
» Al-Badri: America bears responsibility for restricting the security services and not providing monit
Tue 30 Apr 2024, 7:18 am by Rocky
» State of Law: Sudanese’s recent discussions will impose another reality in relations with Washington
Tue 30 Apr 2024, 7:15 am by Rocky
» Parliamentary warning about the delay in sending budget schedules
Tue 30 Apr 2024, 7:10 am by Rocky
» Deputy: We will not allow the American ambassador to install herself as President of the Republic of
Tue 30 Apr 2024, 7:03 am by Rocky
» The government and Parliament are discussing completing the 2024 budget and sending it to a vote
Tue 30 Apr 2024, 6:58 am by Rocky
» "Finance" reveals the reason for the delay in disbursing the Kurdistan Region's salaries for the mon
Tue 30 Apr 2024, 6:56 am by Rocky
» With "more than" one billion dollars.. Iraq is "fourth" on the list of "largest" importers from Turk
Tue 30 Apr 2024, 6:55 am by Rocky
» The Interior Ministry discovers properties and houses that were usurped and seized in “Al-Bataween”
Tue 30 Apr 2024, 6:54 am by Rocky
» “No province is devoid of it.” Shafaq News opens the file of a disease that “has no cure” in Iraq
Tue 30 Apr 2024, 6:52 am by Rocky
» Parliamentary Finance: The Council of Ministers will vote today on the 2024 budget schedules
Tue 30 Apr 2024, 6:51 am by Rocky
» Al-Halbousi party threatens to withdraw from the entire political process because of the “Sunni mino
Tue 30 Apr 2024, 6:49 am by Rocky
» For the first time... adopting an “automation” system for transporting goods at the ports of the Kur
Tue 30 Apr 2024, 6:48 am by Rocky
» Qatar.. The Iraqi Stock Exchange obtains the shield of the Arab Capital Markets Union
Tue 30 Apr 2024, 6:43 am by Rocky
» An Iraqi court activates the electronic legal evidence and division systems
Tue 30 Apr 2024, 6:42 am by Rocky
» What are the reasons for the Emirati-Turkish interest in the path of “development”?.. A British repo
Tue 30 Apr 2024, 5:33 am by Rocky
» The Council of Ministers votes today on the 2024 budget schedules
Tue 30 Apr 2024, 5:32 am by Rocky
» At a cost of 73 billion...exposing cases of fraud and suspicions of corruption in implementing a pro
Tue 30 Apr 2024, 5:29 am by Rocky
» Labor announces the release of the salaries of retired insured workers for the month of May with an
Tue 30 Apr 2024, 5:26 am by Rocky
» A parliamentary committee discusses a draft government program evaluation report
Tue 30 Apr 2024, 5:24 am by Rocky
» Parliamentary Finance: We are keen to mature the amendment to the Landlords Law in preparation for i
Tue 30 Apr 2024, 5:20 am by Rocky
» Al-Mandalawi and Al-Sudani discuss political efforts to complete constitutional entitlements and res
Tue 30 Apr 2024, 5:17 am by Rocky
» Resources are taking action to conserve water
Tue 30 Apr 2024, 5:12 am by Rocky
» Early 2025.. a date for the start of implementation of the “Development Road”
Tue 30 Apr 2024, 5:10 am by Rocky
» Budget schedules postpone the House of Representatives' recess
Tue 30 Apr 2024, 5:08 am by Rocky
» Next May 12.. is the date for opening bids for the Baghdad and Najaf-Karbala metro projects
Tue 30 Apr 2024, 5:07 am by Rocky
» Tourism in the region is expected to grow by 60%.
Tue 30 Apr 2024, 5:05 am by Rocky
» Najaf administrators and engineers are demanding appointments and job opportunities
Tue 30 Apr 2024, 5:04 am by Rocky