Home
OPEC confirms its commitment to reduce oil production
07/1/2018 12:00 am [rtl]Baghdad / Shukran al-Fatlawi Between the economist d. Ahmed Abreihi said OPEC's commitment to extend production cuts if it did not raise prices would maintain its rates. "If the prices continue to rise, a major part of the problem in Iraq's budget is on its way to a solution," Abrehi said, adding that the previous agreement helped maintain $ 65 and helped absorb surplus from the market. Production is Tkulailde and noted that " the agreement , which was first included investment yesterday by producing non - conventional crudes in addition to traditional oils will have an impact on prices in the distant future." Opec has stepped up its commitment to an oil supply cut in December with further declines in Venezuela's output and additional cuts from crude-exporting Gulf states, showing a strong commitment to the deal despite rising prices. OPEC's commitment A Reuters survey showed that the commitment to cuts rose from 125 to 128 percent in November. The United Arab Emirates has pumped oil below its OPEC level for the first time since the deal came into effect in January 2017 to join Saudi Arabia and Kuwait. The Organization of the Petroleum Exporting Countries (OPEC) is cutting production by 1.2 million bpd, Russia and other non-OECD producers. The agreement continues until the end of 2018. Crude prices and ended the global benchmark Brent crude for the nearest trading session low 45 cents, or 0.7 percent, to settle at 67.62 dollars a barrel after having recorded in the previous session the highest since May 2015 at 68.27 dollars . US benchmark WTI fell 57 cents, or 0.92 percent, to $ 61.44 a barrel. At the previous session, US crude was at $ 62.21, the strongest since May 2015 Many producers, still suffering from the price collapse in 2014, benefit from higher prices and additional revenues. The survey shows no sign that producers are increasing supplies to take advantage of higher prices or to compensate for the decline in Venezuela as output falls in an economic crisis . Saudi Arabia and Saudi Arabia cut output by 60,000 barrels per day (bpd), according to sources in the survey attributed to the stabilization or decline in exports and the decline in refining activities, which increases the decline of supplies from the target of the Kingdom in OPEC. The survey showed production in Venezuela continued to fall below OPEC's target, with the UAE reducing production and achieving the highest level of commitment so far, according to a Reuters survey. According to the survey, the Organization's production in December averaged 32.28 million barrels per day, up about 530,000 bpd from the revised target level in view of the elimination of Indonesia and the inclusion of Equatorial Guinea.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=150539[/rtl] |
» Localization.. Signs of positive development to support the national economy
» Experts call for activating the agriculture and industry sectors
» The Central Bank of Iraq directs banks to spread and expand their financial services
» Al-Sudani: British exports to Iraq exceeded $1 billion in 2024, and its companies concluded contrac
» Above $80.. New rise in oil prices
» Coordination Framework announces agreement to move forward with budget amendments to achieve "social
» I regret to inform you after 20 yrs of postings
» Central Bank of Iraq sells over $1.16 billion in foreign currency
» Iraq-China trade cooperation reaches $50 billion in 11 months
» Salih: Iraq ranks first in the world in the concentration of natural resources
» PM Advisor: The monetary enhancement mechanism will safeguard financial stability in the country
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
» Parliament conforms to World Bank on the importance of government infrastructure in development
» PM: Restructuring government banks to ensure the availability of capabilities and openness with glob
» entral Bank: There is no financial problem threatening employees’ salaries and we have great capabil
» Basra crude achieves weekly gains amid rising oil markets
» The dollar falls against the dinar in Baghdad and Erbil with the closing at the beginning of the wee
» PM Al-Sudani eyes tourism as a cornerstone of Iraq’s non-oil economy
» PMF Chief: Iraq's armed forces at their strongest
» INA discusses exchange rates files, foreign transfers, and housing initiatives with the CBI governor
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
» Parliament conforms to World Bank on the importance of government infrastructure in development
» Iraq exports oil worth over $5 billion to US in 11 months
» Iraq’s Ministry of Oil announces 2024 petroleum product sales
» US dollar exchange rate continues to decline in Iraq
» Iraq completes 400-kilometer security border wall with Syria
» Iraq collaborates with Ernst & Young on state-owned bank reforms
» Kurdistan records a significant increase in the number of imported cars during 2024
» The Ministry of Justice announces the implementation of the electronic payment system in all notary
» The Ministry of Justice counts the achievements and activities achieved during the past year accordi
» Central Bank: We have started working with the correspondent banking system
» Is the Ministry of Finance hiding the facts?.. An expert reveals the main reason for the shortage of
» Reconstruction: 2025 plan includes 70 external road projects
» Economist: The government is obligated to pay salaries as it is a matter of fate
» The Central Bank of Iraq opens new horizons in foreign transfers and enhances international financia
» Judge Zidane and Al-Sudani are the first to disclose their financial assets in 2025
» Oil Price: Trump's Team Considers 'Direct Sanctions' on Iraq That Will Hit Oil
» Parliamentary Integrity: The amounts recovered from the “theft of the century” do not exceed 5%, and
» Dinars entering the Ministry of Finance are 20% less than the amount it needs.. Iraqis start their n
» Mazhar Saleh: No salary crisis and financial reserves cover liquidity completely
» Central Bank announces major achievement in foreign transfers
» Confirmation that America is putting pressure on Al-Sudani to transform the Iraqi regime into "secul
» Warnings of the dangers of the Turkish-Zionist-American plan to destabilize Iraq
» Expert: Iraqi economy is stable despite changes in the dollar market
» Economist praises ASYCUDA automation system: A step towards achieving important resources
» More than $60 billion in Iraqi currency auction sales in 2024
» Is there a salary crisis in Iraq? Al-Sudani’s advisor explains
» The Central Bank decides to suspend withdrawals and deposits for four days
» Al-Sudani Office announces the implementation of the global ASYCUDA system to automate customs opera
» The leaders “reconciled” and the amendment of the electoral law is “a done deal”.. What does this da
» With the document .. MP Sand files a complaint against the Ministry of Finance .. for this reason
» Parliamentary Finance: The government is working to enhance non-oil revenues
» The 10 most indebted Arab countries in 2024.. This is Iraq's rank
» utube 12/27/24 MM&C MM&C Iraq Dinar News-Iraqs Wealth Fund-National Currency-Arab World Volume Tra
» utube 12/28/24 Iraq - CBI Governor Makes an Announcement, Digital Banking Expansion
» utube 12/29/24 MM&C MM&C Iraq Dinar News-Digital Transformation-Global Economic Power-USA-Imminent
» utube 12/31/24 MM&C MM&C Iraq Dinar News-Commemorative Coin?-Investment Attractive-Dollar Auction
» Al-Sudani chairs expanded meeting to review Oil Ministry projects
» Prime Minister stresses importance of investing best opportunities to maximize state revenues
» Prime Minister's Office announces implementation of ASYCUDA global system for automating customs ope
» Judiciary: Recovering 12 billion dinars for financial fraud crime
» US-Iranian Tension: Iraq Between Competition and Mediation Role After Trump’s Return
» MP confirms settlement of controversy over ministerial amendments
» National Union: Time is no longer sufficient for the dialogue on the oil and gas law to mature
» Economist: Relying on oil as a source of revenue will have serious consequences
» Al-Maliki: Repeated amendments to the election law weaken voter confidence in the political process
» Parliamentary Legal: Interrogating ministers and officials is still subject to political agreements
» Due to the American veto, Iraq suffers from a weak armament in the face of regional developments
» What is holding up the passage of the oil and gas law so far?
» New Cabinet Resolutions Package
» Experts speak to {Sabah} about the most important economic events in 2024
» Al-Sudani stresses the importance of review and investing the best opportunities to maximize state r
» With more than 30 billion dollars... a leap in the projects market in Iraq
» Central Bank of Iraq sells about $290 million in currency auction
» Customs: Our revenues increased by 128% during the current year
» Our Economic and Financial Vision for 2025 in Iraq
» How much of Iraq's electrical system has been lost due to the halt of Iranian gas?
» $31.7 billion is the increase in the value of its market projects in Iraq
» Turkmen gas will cover 50% of Iraq's stations' needs.. New details about the agreement
» Basra-Haditha oil pipeline.. will go to 5 countries and this is its value
» Early talk about postponing the elections is “evidence” of Iraq’s entry into the map of change in th
» New details on the incident of the "death of a US National Guard soldier" in Iraq - Urgent
» Economist: Iraq-Jordan oil pipeline enters implementation phase
» International Report: 2025 will be the largest year for projects inside Iraq
» Monetary policy collapses in Iraq.. Investment in banks is almost non-existent and the Central Bank
» We have started preparing for next summer.. Electricity: The agreement to supply Turkmen gas will co
» Former MP: Wrong timing hinders the passage of laws
» The Prime Minister's Media Office said in a statement: "Prime Minister Mohammed Shia al-Sudani chair
» Al-Hakim calls for benefiting from the Japanese experience in combating corruption
» Türkiye is considering establishing an oil pipeline with Syria and linking it to the Iraqi Kirkuk-Ce
» 2024, the year of crises, bids farewell to Iraq without answers: What is the fate of the Popular Mob
» Agriculture Committee: Strict measures to protect the agricultural calendar and support local produc
» MP: Delay in employees’ salaries is unjustified and we demand that the Ministry of Finance clarify t
» Al-Sudani chairs a special meeting on the integrated South Basra project, which includes several ene
» The Iraqi government approves the contract to establish the oil pipeline (Basra-Haditha)
» The government agrees to increase the fees for examining and marking gold jewellery
» MP: There is no longer any intention by the government to make a ministerial reshuffle
» Transparency: Sulaymaniyah and Halabja imports in 2024 amounted to more than 897 billion dinars