[You must be registered and logged in to see this image.]
Higher prices boost expectations for higher global oil consumption
Baghdad / Zahraa al-Jassim
[You must be registered and logged in to see this link.]
Higher prices boost expectations for higher global oil consumption
Baghdad / Zahraa al-Jassim
A recent survey shows an increase in Iraq's exports. The improvement in oil prices in recent months, sometimes surpassed by the level of "$ 55 a barrel with a desire to rise to the level of $ 65," gives the International Energy Agency and Citibank " To predict that global oil consumption could rise significantly next year, according to an oil expert.
The survey by the Reuters news agency reported that the production of the Organization of the Petroleum Exporting Countries (OPEC) rose last month by 50 thousand barrels per day thanks to the increase in Iraqi exports and the increase in production in Libya exempt from the agreement to reduce supplies, and the survey showed that the level of commitment of OPEC commitments, Itself on supply cuts fell to 86 percent in September from 89 percent in August, as Saudi Arabia, the world's biggest exporter of crude, continues to shoulder most of OPEC's cuts by pumping supplies below its target.
It could be more positive with IAEA reports confirming that demand will rise for oil in 2018. Citi Bank, one of the largest banks in the world, expects oil demand to rise to 4 million and 500,000 barrels a year, And 400 thousand barrels, explaining that this year and the previous was the global consumption of oil capacity of 94 million barrels per day, and this consumption is increasing annually by one million and 400 thousand barrels, but the expectations of the possibility of increasing to 4 million and 500 thousand barrels per year, saying: This is because of the significant expansion in the production of shale oil, T the production of renewable energy from the sun.
In the opinion of Jeweler that the return to the extent of the impact of Iraq on oil price changes, it should have been reduced to 206 thousand barrels per day, but it was recorded as a reduction in production in recent months 250 thousand barrels per day, so now even if he wants to raise production is the fact will remain higher than the "206, which means that Iraq is still committed to reducing production and is still deducted from its production too much, continuing: However, we say anyway, any rise in oil prices must be useful to Iraq, especially in terms of financial returns, especially as we now lack Is very large in the state budget due to the weakness of those revenues.
He added: "This increase in oil prices may cover Iraq part of this shortfall, but we still need revenues much larger than the current revenues because we rely only on the oil of the South and we have a war in two areas and we also have financial commitments in many things such as salaries of staff, development and reconstruction in areas The armed conflict, and we have the file of the displaced, with a deficit in the state budget and whatever rose now the price of oil will not compensate for that deficit.
On the other hand, the spokesman of the Ministry of Oil Assem Jihad in a statement received (range) a copy of it, "The rate of exports and revenues achieved for the month of September according to preliminary statistics issued by the Iraqi Oil Marketing Company (Sumo) amounted to 97 million 204 thousand and 267 barrels and revenues amounted to more From 4 billion to 882 million dollars. "
Jihad added that "the daily rate of exports amounted to 3 million and 240 thousand barrels," noting that "the average price per barrel amounted to 50,225 dollars, explaining that:" The oil exports came from the fields of central and southern Iraq, while the statistics did not record any exports from Kirkuk fields , And that the statistics of oil exports came from the fields of central and southern Iraq.
The price of oil was recorded last Thursday, an increase affected by the decline in production of some OPEC members, while Brent prices above $ 55 per barrel, while US crude oil contracts to trade at $ 49.31 a barrel, up 1.01% or $ 1.1, Brent crude oil futures rose 1.49% to $ 55.09 a barrel.
The Organization of Petroleum Exporting Countries (OPEC) said on September 12 that production fell by 79 thousand barrels per day to 32.76 million barrels in August, mainly affected by the decline in production in Libya, Gabon, Venezuela and Iraq.
The survey by the Reuters news agency reported that the production of the Organization of the Petroleum Exporting Countries (OPEC) rose last month by 50 thousand barrels per day thanks to the increase in Iraqi exports and the increase in production in Libya exempt from the agreement to reduce supplies, and the survey showed that the level of commitment of OPEC commitments, Itself on supply cuts fell to 86 percent in September from 89 percent in August, as Saudi Arabia, the world's biggest exporter of crude, continues to shoulder most of OPEC's cuts by pumping supplies below its target.
It could be more positive with IAEA reports confirming that demand will rise for oil in 2018. Citi Bank, one of the largest banks in the world, expects oil demand to rise to 4 million and 500,000 barrels a year, And 400 thousand barrels, explaining that this year and the previous was the global consumption of oil capacity of 94 million barrels per day, and this consumption is increasing annually by one million and 400 thousand barrels, but the expectations of the possibility of increasing to 4 million and 500 thousand barrels per year, saying: This is because of the significant expansion in the production of shale oil, T the production of renewable energy from the sun.
In the opinion of Jeweler that the return to the extent of the impact of Iraq on oil price changes, it should have been reduced to 206 thousand barrels per day, but it was recorded as a reduction in production in recent months 250 thousand barrels per day, so now even if he wants to raise production is the fact will remain higher than the "206, which means that Iraq is still committed to reducing production and is still deducted from its production too much, continuing: However, we say anyway, any rise in oil prices must be useful to Iraq, especially in terms of financial returns, especially as we now lack Is very large in the state budget due to the weakness of those revenues.
He added: "This increase in oil prices may cover Iraq part of this shortfall, but we still need revenues much larger than the current revenues because we rely only on the oil of the South and we have a war in two areas and we also have financial commitments in many things such as salaries of staff, development and reconstruction in areas The armed conflict, and we have the file of the displaced, with a deficit in the state budget and whatever rose now the price of oil will not compensate for that deficit.
On the other hand, the spokesman of the Ministry of Oil Assem Jihad in a statement received (range) a copy of it, "The rate of exports and revenues achieved for the month of September according to preliminary statistics issued by the Iraqi Oil Marketing Company (Sumo) amounted to 97 million 204 thousand and 267 barrels and revenues amounted to more From 4 billion to 882 million dollars. "
Jihad added that "the daily rate of exports amounted to 3 million and 240 thousand barrels," noting that "the average price per barrel amounted to 50,225 dollars, explaining that:" The oil exports came from the fields of central and southern Iraq, while the statistics did not record any exports from Kirkuk fields , And that the statistics of oil exports came from the fields of central and southern Iraq.
The price of oil was recorded last Thursday, an increase affected by the decline in production of some OPEC members, while Brent prices above $ 55 per barrel, while US crude oil contracts to trade at $ 49.31 a barrel, up 1.01% or $ 1.1, Brent crude oil futures rose 1.49% to $ 55.09 a barrel.
The Organization of Petroleum Exporting Countries (OPEC) said on September 12 that production fell by 79 thousand barrels per day to 32.76 million barrels in August, mainly affected by the decline in production in Libya, Gabon, Venezuela and Iraq.
[You must be registered and logged in to see this link.]
» The President of the Republic participates in the G77+China summit in Dubai
» The poverty line “is drawn by the offices of representatives.” Healthy people are included in care a
» Rashid stresses the importance of working to expand the horizons of cooperation between Iraq and the
» The Governor of the Central Bank chairs the first meeting of the National Payments Council
» Recruiting a general manager in the Ministry of Electricity to disburse funds for a project contract
» Prime Minister: It is time for the Iraqi economy to be linked to the global economic cycle
» utube 12/02/23 1:27 / 3:27 iraqi dinar Iraq PM Al_Sudani Announced About USD Dollars Today 2
» utube 12/02/23 iraqi dinar Iraq PM Al_Sudani Announced About USD Dollars Today 2023 /Iraqi Dinar N
» utube 12/01/23 Militia Man & Crew Iraq Dinar - Monetary - Sovereignty - Commerc
» Integrity announces the recovery of $180 million from America and Kuwait
» A deputy reveals ambitious plans to develop Iraq's road system in 2024
» More than one billion dollars in sales from the Central Bank of Iraq within a week
» Rashid opens the Iraqi pavilion at Expo: The progress of humanity is linked to the development of th
» Iran expects the volume of its exports to Iraq to reach $11 billion
» The head of the Integrity Commission announces the activation of (Where did you get this from?) and
» Al-Sudani reveals negotiations with international companies to manage the “Al-Faw Port” project
» Revealing the mechanism for approving laws.. A representative regrets not approving an important law
» Sudanese: Reforming the economy is achieved by supporting industry, agriculture, tourism and trade
» Source: The Governor of Nineveh issues a directive regarding the “nominated employee”
» Retribution will be swift.. The Minister of Interior directs that those who were negligent in the Om
» New details about Al-Halbousi’s replacement.. The Sunnis did not agree on a candidate, and this is t
» Al-Sudani: We have natural resources that enable us to export products outside Iraq
» Al-Sudani: We are studying economic projects, industrial cities, and free zones with neighboring cou
» Nearly 700 million dollars...the value of goods exported from an Iranian border crossing to Iraq
» The work of the Industrial Partnerships Forum begins in Basra in the presence of the Prime Minister
» Iraq surpasses Saudi Arabia and is ranked third among America's largest oil exporters
» The President of the Republic from Dubai: The countries neighboring Iraq most of the time do not app
» OPEC production declines after cuts by 3 countries, including Iraq
» The Central Bank delivers a devastating blow to “sailors”
» The Prime Minister inspects the Al-Faw Grand Port project on the ground
» Winning the Gulf Cup, changing the exchange rate, and dismissing Al-Halbousi... a list of the most p
» Revealing a Kurdish agreement to restore the position of Kirkuk governor... and relying on the “majo
» Al-Sudani from Basra: The government has placed reform of the economy among its five priorities
» In pictures: Learn about the agricultural activity “Field Day” about the hay and silage fodder indus
» Al-Rafidain announces the activation of electronic collection in a number of departments
» The European Union delegation to Iraq organizes a symposium on the prospects and challenges of comba
» Blinken calls on Sudanese to protect Americans in Iraq
» Al-Sudani to Blinken: The attack on the Jurf al-Nasr area represented a violation of Iraqi sovereign
» Al-Sudani: We cannot continue to watch Iraq remain a consumer market
» Port project and follows up on the progress of the work carried out in it
» The Minister of Industry announces 90 investment partnership opportunities between the public and pr
» The President of the Republic meets with the Secretary General of NATO
» The Ministry of Interior clarifies whether or not to impose a curfew during the elections
» An American request to Sudanese regarding Washington’s bases in Iraq
» Among them are the recent developments in Iraq... a number of files on the table of Romanowski and A
» Al-Sudani: The state cannot employ all graduates
» Dollar exchange rates on Iraqi stock exchanges
» To demand an adjustment to the salary scale...demonstrations in Baghdad and several provinces (photo
» The security restriction has proven to be a failure... 3 benefits of “importing the dollar” and reco
» A Sudanese advisor explains the benefits of adopting the electronic payments system
» “Digital dinar instead of cash dollar.” These are the most prominent gains of electronic payment
» The popular movement warns of American intentions in Iraq and serving the Zionist project
» US State Department: Iraq is still one of the "safe havens" for terrorism
» FRANK26……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY trusts, what to do with your rv cas
» utube 12/1/23 iraqi dinar Iraqi Dianr New RV Update Today 2023 / Iraqi Dinar News Today / Iraqi Di
» utube 12/1/23 0:09 / 3:25 Iraqi dinar Iraqi dinar big reveal Iraqi, Minster announces doll
» After the dollar exchange rate crisis, Badr Parliament announces her “optimistic” expectations for t
» Parliamentary Finance: The government will reduce circulating liquidity by 10% next year
» The President of the Republic: Iraq took rapid measures to implement clean energy projects
» Iraq wins four positions in the World Radiocommunication Conference
» New Electronic Payment Company adjusts the daily purchase and withdrawal limits on its cards
» The President of the Republic reveals a "very dangerous" crisis facing Iraq
» Natural resources: $7 billion Iraq lost from stopping the export of Kurdistan oil
» The Minister of Commerce announces new projects early next year, including cars
» Iraqi investors show willingness to invest in the agricultural sector in an Iranian province
» In three payments... the date of Baghdad’s sending of 700 billion dinars to Erbil was revealed
» A fake company defrauds pilgrims of about half a million dollars in Baghdad and then disappears
» An agreement to file lawsuits against electoral welfare users
» Despite the OPEC Plus reduction, oil continues to decline
» The outlets clarify the weapons containers in the port of Umm Qasr and respond to reports of their s
» The UAE announces the establishment of a $30 billion climate fund at COP28
» Representative from the framework: We will not interfere in the issue of choosing the Speaker of Par
» Deputy: Most of the problems of the region and the center are due to the lack of an oil and gas law
» Parliamentarian: Al-Halbousi’s imprisonment for one year is within reach
» OPEC+ delegate: Brazil will join the organization soon
» Iraq's production decreased by more than 650 thousand barrels per day due to OPEC Plus
» The Central Bank to Al-Iqtisad News: We have organized foreign trade and most goods are imported at
» An economic expert calls for a revolution in administrative decisions in the Iraqi Airlines Company
» The Board of Commissioners of the Communications and Media Authority votes on a draft of the “Electr
» As of today.. State positions administered by proxy enter a “legal vacuum”
» The American Ambassador publishes the first information in the series “The Facts of Iraqi-American R
» The President of the UAE and the Secretary-General of the United Nations receive the Prime Minister
» Bakhtiar Haji receives the Minister of Health of the Kurdistan Region
» Bullying and similarity are the most prominent reasons.. Everything you need to know about changing
» Local elections change coordination positions: our previous doubts about personalities, not mechanis
» Divorce is ravaging Iraqi society.. Legal articles that allow a husband to beat his wife!
» Parliamentary Finance: We agreed with the government to determine the minimum salaries for employees
» Retirement announces the disbursement of salaries next Sunday
» A government advisor explains the reasons for the delay in stabilizing the exchange rate in the mark
» With the participation of Iraq... the launch of the climate summit conference in Dubai
» Parliamentary government agreement... filing lawsuits against electoral users of social welfare
» Construction reaches the fourth stage of projects to remove bottlenecks
» Among them is cooperation between Baghdad and Erbil: an American vision for addressing the climate c
» Integrity announces the referral of files inflated by more than a quarter of a trillion dinars
» In the document.. The European Union bans Iraqi airlines from its airspace
» Minister of Education: Agreement with the Iraq Fund for Development to build a thousand schools
» News website: The solar panel system reduces the burden on the Iraqi family
» International Organization for Migration: 1.17 million people are still displaced in Iraq