Home
Expectations of higher global crude prices after the forthcoming meeting of OPEC
1/23/2017 0:00
[rtl]Capitals / follow - Sabah
said Mohammed Barkindo Secretary - General of the Organization of the Petroleum Exporting Countries (OPEC): The meeting will be held this week in Vienna , featuring members of the organization and some producers from abroad , including Russia , to adopt a mechanism to monitor compliance to verify that producers commitment agreement to reduce output by 1.8 million bpd.
Saudi Energy Minister Khalid al - Falih said he was pulled 1.5 million barrels per day already from the market. This came at a time when the President announced Azerbaijan, Ilham Aliyev, his country 's readiness to further reduce oil production if the Organization has taken (OPEC) and the producing countries outside the Organization decision in this regard.
Aliyev said in a statement to the Agency "Novosti": "We took on our commitments to cut oil production to 35 thousand barrels a day, and we will apply these commitments, and the process has already begun."
Aliyev said: "Until now, we have reduced 35 thousand barrels, and later we will see if the decision was made additional cuts, we of course we will support this, because we are in solidarity with all the countries here to be involved in this process."
Oil prices rose more than 2 percent in the last session before the weekend thanks to expectations that a meeting of the top oil producers in the world will show their commitment to a global agreement to cut production when it is held next Monday , but increased drilling activities in the United States curbed Almkasp.oonhy International benchmark Brent crude was up $ 1.33 , or about 2.5 percent to $ 55.49 a barrel , while US crude futures ended for delivery in February trading high of $ 1.05 , or two percent , to $ 52.42 a barrel on the session.
And reduced gains after Baker Hughes Inc. data Energy Services , which showed that US drilling companies added in the last week , the largest number of new rigs in nearly four Snoat.oukalt the US Energy Information Administration late last week that crude oil inventories in the United States rose unexpectedly by 2.3 million barrels in the week ending January 13, while the data showed a much larger than expected rise in gasoline stocks.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=130299[/rtl]
» Parliamentary Finance reveals the possibilities of approving the salary scale law
» "Despite the protests"...a parliamentary committee rules out an amendment to the election law and qu
» Ramadan revives the shopping movement in the largest commercial center in Iraq (photos)
» Parliamentary Energy Committee: Al-Faw port will include 6 oil export berths with a capacity of 350,
» A government bank warns of fake pages impersonating its name and publishes an official link
» The Ministry of Communications reveals the results of the investigation committee for the appointmen
» With documents.. Khashan presents a proposal on amending the election law
» Bigger than an Emirati.. Revealing new details about the great port of Faw
» Iraq wins an arbitration case against Turkey regarding oil exports from the north of the country
» Sudanese advisor recommends the formation of a Consumer Protection Council to deter price manipulato
» Without a sponsor.. A new statement from the Rafidain Bank regarding the advances of employees and a
» With the participation of Iraq.. Damascus hosts the fourth Arab quartet meeting of ministers of agri
» The Parliamentary Oil and Gas Committee explains the importance of the great port of Faw to the oil
» More than 800 million dollars sales of the Central Bank of Iraq during the past week
» Arar port with Saudi Arabia records a significant decrease in trade exchange
» Disclosure of Iraqi endeavors to export gas to Europe via Turkey during the next year
» Parliamentary Finance: The budget did not reach us, and its deficit is very worrying
» Deputy: Al-Kazemi's government used the Yazidis as a political card for blackmail
» Al-Rafidain: advances of employees and retirees electronically and without a guarantor
» The frame on the Russian report: America's crimes against Iraq are catastrophic.. they will not go u
» Parliamentary Integrity: Al-Halbousi Yousuf presented the “Theft of the Century” report, due to the
» Framework: We will not back down from the investigation of the US nuclear contamination file in Iraq
» The budget law is imprisoned in solitary confinement.. and the accused is the speaker of parliament
» Among them are corruption issues.. A parliamentarian calls for support for the Sudanese reform steps
» The President of the Republic reviews with Guterres the burdens borne by Iraq from the water crisis
» The President of the Republic: All sources of Iraq's rivers lie outside the country, which necessita
» Mahmoud Othman warns via / NINA / against approving the amendment of the election law without agreem
» The Iraqi Turkmen Front calls for the inclusion of Article (35) related to the Kirkuk governorate in
» Al-Araji chairs a meeting with several major multidisciplinary Indian companies
» Al-Rafidain Bank: Electronic advances of employees and retirees without a sponsor
» The Central Bank of Iraq decides to withdraw the license of an Islamic bank for its involvement in t
» Parliamentarian: We are moving towards activating Parliament's decision to achieve sovereignty by ex
» Parliamentary Health: Courtesies and nepotism impede the opening of corruption files in the ministry
» A parliamentary committee reveals Turkey's conditions for returning water releases to Iraq
» “Our covenant and our agreement with the state alliance.” Al-Khanjar calls for the approval of the a
» A politician warns of attempts by Washington and its arms to thwart the railway link project with Tu
» Al-Sudani inaugurates the National Health Factory for the production of sterilization materials and
» Parliamentary Planning: The election law will pass today's session
» Economist: Inflation in Iraq has risen to the highest level in years
» American report: The Kurds have transcended the story of "oppressed" and turned to the stage of "str
» Document .. The Central Bank of Iraq withdraws the license of an Islamic bank and appoints a trustee
» Iraqis make profits from money transfers to Turkey
» The United Nations: joint programs with the Iraqi judiciary to combat corruption
» Electricity is preparing for the "summer peak loads".. Directive to complete rehabilitation work bef
» The Sudanese advisor talks about oil prices and the possibility of distributing salaries in dollars
» “Waiting for the budget.” The President of the Republic: High-level plans to address the water crisi
» Iraqi efforts to export gas to Europe via Turkey next year
» Al-Rafidain: advances of employees and retirees electronically and without a guarantor
» Al-Sudani: The volume of the pharmaceutical market exceeded $3 billion
» Al-Araji chairs a meeting with 10 major multidisciplinary Indian companies
» Mishaan Al-Jubouri: Muhammad Shia Al-Sudani is 100 times better than Saddam
» Deputy: Turkey is bargaining with Iraq over the water file to liquidate the PKK
» An economic center: Iraq recorded, in January 2023, its highest rise in inflation rates in years
» Parliamentary Finance: Associated gas revenues will enter imports for the next two years
» Covering about 600,000 citizens with social protection in 2023
» Procedures for terminating the contract with the executing company of Al-Amriya Residential Complex
» Electricity forms a work cell to complete its projects in Dhi Qar
» Kurdistan evaluates more than three decades of federalism
» Najaf sets its summer plan exclusively for the crop of rice
» Experts call for a comprehensive strategic agreement with Turkey
» Federation of Industries: Iraq issues (60) articles for all countries of the world
» Desertification threatens the agricultural reality and portends great economic losses
» Al-Yakti supports an American report on the "collapse of the Kurdish house of cards"
» “The Kurds reject it.” The Turkmens renew their demand for the inclusion of Article (35) in the elec
» Al-Sudani: The opening of the national factory is a message to localize the pharmaceutical industry
» Sources: Turkey prevents the region's oil exports through the port of Ceyhan without Baghdad's appro
» A slight rise in the exchange rates of the dollar in the local markets
» Shaswar Abdul Wahed to “Jarida”: Mafias rule Erbil and Sulaymaniyah, and the future of Kurdistan is
» Three newly-made aircraft joined the Iraqi Airways fleet
» Soon.. the electronic passport in four governorates
» The Iraqi Media Authority directs to stop the series "offending" tribal sheikhs in southern Iraq
» "St. Lego" closes the green gates in central Baghdad
» An economic institution indicates a rise in the inflation rate, which is the "highest" in Iraq in ye
» The Khalisi reference confirms that the political process in Iraq is clinically dead, but the hypocr
» The Ministry of Industry and Minerals organizes a training workshop on franchise licensing
» To support the electricity sector … Ur State Company continues to supply central electricity with el
» The Ministry of Oil sets a date for circulating the electronic payment system at gas stations
» The President of the Republic receives the Turkish Minister of Agriculture and Forestry
» Ministry of Education: The decision to reduce working hours does not include school attendance
» The Border Ports Authority clarifies its procedures against smugglers of alcoholic beverages to Iraq
» Al-Araji is looking with major Indian companies to revitalize the Iraqi industry
» The President of the Republic discusses with the Secretary-General of the United Nations the global
» Closing one of the entrances to the Green Zone in central Baghdad for this reason
» For employees and retirees... Good news from Al-Rafidain Bank regarding advances
» Oil prices continue to decline, the largest decline in months
» Al-Sudani opens the National Health Factory for the production of medical supplies
» Al-Sudani on the occasion of the opening of the medical factory: a message from the government to lo
» Basra.. Poverty floats above the sea of oil and the population suffers from deprivation.. Figures
» India is ready to open joint lines with Iraq in the field of various industries
» What did the US State Department annual report say about the crowd and the Peshmerga?
» An American magazine presents proposals to restore Iraq from the grip of Iran after America lost the
» Economist: Inflation in Iraq has risen to the highest level in years
» A government advisor expects the stability of commodity prices to return with the distribution of fo
» Goldilocks, MilitiaMan , Nader and more....Thursday Afternoon 3-23-2023
» 03/22/2023- MilitiaMan and Crew THE NEXT PHASE - PRIVATE SECTOR - ECONOMIC REFORMS
» The popular movement for the Silk Road brings together the elites of 11 provinces and affirms: Ameri
» Al-Hakim: The new election law encourages the merger of the big powers with the small ones
» Economist: Working power stations in the simple cycle is a waste of money