Home
OPEC's commitment and strong demand will fuel the rise of oil to the end of 2018
Strong commitment to OPEC-led output cuts, strong demand and supply disruption in the Middle East are likely to raise the average price of oil this year to more than $ 67 a barrel, a Reuters poll showed on Monday .
Thirty-eight economists and analysts polled said the average price of Brent crude for the year was $ 67.40 in 2018, up more than 5 percent from a previous forecast of $ 63.97. This is the highest average forecast for Brent for 2018 since at least December 2015 .
Oil analysts in Reuters surveys have raised average price forecasts every month since last August .
As a result of the gradual shortage in the market, Brent crude and Western Texas Intermediate crude registered the highest level since November 2014 in April at $ 75.47 and $ 69.56 a barrel, respectively.
Brent has risen 11 percent since the start of the year, while West Texas rose 12.6 percent .
Analysts expected the average price of US light crude to 63.23 dollars a barrel this year against 59.85 dollars in the March poll .
"With oil prices rising, US production is expected to grow rapidly in the coming months, " said Daniel Heinz, an analyst at ANZ .
"Crude prices may remain high in the short term until increased drilling activity in the United States accelerates production growth."
» After Sumer.. the tanker “AKKD” will soon touch the waters of Basra to export Iraqi oil (video)
» Troubles hidden behind the walls of 7,000 “violating projects” throughout Iraq
» Al-Araji arrives in Tehran to complete the implementation of the security agreement
» Iraq: About 100 candidates excluded from the local elections on charges of being linked to the “Baat
» With “support from Al-Khazali.” The Kurdistan Region Employees Authority collects 60,000 signatures
» The Iraqi Media Network discusses the future of print journalism
» In full.. Iraq announces the completion of the “electrical interconnection” with Jordan
» The Minister of Communications indicates a major reason for the weakness of Internet service in Iraq
» They expelled Al-Halbousi.. Bishop of Al-Hamdaniya for the presidency of Iraq “resigned”
» The Federal Court rules that presidencies and special ranks may not be granted a pension in contrave
» Al-Sudani: The development road project is one of the important projects that the government is focu
» An Iraqi official announces an agreement with Tehran regarding the payment of debts to Iran
» With the participation of 13 million students...the start of the new academic year in Iraq
» Al-Araji is heading towards Tehran to complete the implementation of this agreement
» Decrease in dollar exchange rates in Iraq.. Here is the list
» Baghdad.. accused of “tribal raids” falls into the grip of security
» 90 billion dinars to convert 500 government buildings to run on solar energy.. These are the details
» Al-Sudani: The path of development will strengthen the common ties between Iraq, Turkey and the coun
» In the presence of the governors...a parliamentary meeting to discuss the implementation of projects
» Welcome rosec glad to have you as newest member at Neno's Place
» 9/29/23 Militia Man & Crew Iraq Dinar - International Contracts - Global - Natural - Wealth get rea
» The House of Representatives holds its session headed by Al-Halbousi
» The House of Representatives votes to add two items to its agenda
» Central Bank: The dollar price has nothing to do with filling the budget deficit
» Al-Sudani: True security is when we provide services to citizens
» The Central Bank intends to adopt four currencies instead of the dollar for external transfer
» Government determination to limit the rise in housing unit prices
» Deputy Prime Minister: Emphasizes the digitization of the banking system in Iraq
» Next Sunday, training for applicants for the “Riyadah” initiative will begin.
» Central Bank Governor: We are working to ban dealing in the dollar internally
» Al-Rafidain and Al-Rashid begin distributing pensioners' salaries for the month of August
» Al-Rafidain launches financial loans of up to 150 million dinars to employees and citizens
» The Region's Finance issues a schedule of salaries for its ministry's employees
» Parliamentary law discusses a number of draft laws
» The Central Bank is considering adopting the currencies of India, the Emirates, and Turkey for forei
» Al-Sudani: The scourge of drugs is no less dangerous than the challenges of ISIS terrorism
» Newspaper: The Pentagon Hospital in Germany treats American mercenaries who were wounded in Ukraine
» A study predicts the formation of a new supercontinent that will destroy humanity
» Al-Maliki's coalition: The Hamdaniya tragedy took the course of an electoral struggle between these
» Former Minister: The Khor Abdullah Agreement is a thing of the past and Baghdad must find a new form
» Including oil and gas.. A parliamentarian reveals the main reason behind not approving important law
» Trade determines a factor that contributes to controlling the prices of bread and ham
» With broad international participation...the second forum of the Islamic Organization for Food Secur
» Deputy Director of the Prime Minister's Office reviews the completion of the Sinbad Road and Atomic
» More than $777 million in sales from the Central Bank of Iraq last week
» Anticipation of a US decision against Türkiye requiring it to pay $602 million to Iraq
» "The Sleeping City"... the story of 10,000 workers whose livelihoods are under piles of scrap in eas
» Washington steps in and wants to resume exporting Kurdistan oil through Türkiye
» With hopes of approving the oil and gas law.. a “Turkish line” disturbs the relationship between Bag
» People of Al-Hamdaniya: ISIS failed to kill us, but political corruption succeeded in doing so
» After luring them... blackmailers were arrested in Baghdad
» The Minister of Electricity announces the complete completion of the connection with Jordan
» The Central Bank reveals a direction regarding the dollar: prohibiting dealing in it internally
» President Bafel Talabani recommends that the Union Bloc leave the conference and go to the voting se
» Deputy: Evaluation of federal government ministers takes place on a daily basis
» Between quality or not... A French report reveals new details about Baghdad's service projects
» Iraq Calls On Iran To Participate In Investment Projects To Establish Industrial And Free Zones Betw
» Economist: Double-digit inflation in Iraq, measured by real estate
» New details revealed regarding the “satellite Internet” project in Iraq
» The Dollar Is At The Forefront.. The Governor Of The Central Bank Opens The Thorny Files
» Iraq is facing drought by digging hundreds of wells to benefit from groundwater
» Integrity: Life imprisonment for the official of the strong cash register in the Real Estate Bank in
» Mr. Al-Hakim: The presence of governorate councils guarantees the representation of everyone and the
» The Netherlands sends dozens of soldiers and helicopters to Iraq
» Al-Alaq: The Central Bank is working to ban dealing in the dollar internally, and the electronic pla
» Minister of Immigration: We trust the government and its Sudanese president to preserve the unity of
» Frame: Ankara carried out more than 27 raids on the north during this September
» Parliament: Evaluation of Sudanese government ministers takes place on a daily basis
» Chambers of Commerce: The parallel market for the dollar will reach record levels
» Arrest of a group specialized in stealing electrical cables east of Fallujah
» The Central Bank announces that the rate of trade use of the dollar platform has increased by 95%
» Deputy: The central and southern regions are almost turning into a barren desert due to drought
» Minister of Immigration: Political parties are trying to exploit the Hamdaniyah tragedy in a disgust
» Al-Sudani supervises the opening of 146 schools and the rehabilitation of 1,009 schools in Iraq
» Iraq is the third largest importer from Turkey during the month of August, with a value of one billi
» The Governor of the Central Bank talks about 9 files, most notably the exchange rate and inflation
» Iraq is the second largest exporter of crude oil to India during September
» The judiciary clarifies the truth of the lawsuit filed against the religious authority Al-Sistani
» India prefers Iraqi oil over Saudi oil for this reason..
» Sudanese to Parliament soon.. A representative announces the completion of the procedures for interr
» Exchange rates rise again in Baghdad... 157 thousand for every 100 dollars
» Kurdistan's salary crisis "strikes" the balance of the quality of education...a continuous migration
» Interior Ministry: 90% of our facilities violate safety requirements and we cannot close them
» “Jubair Al-Jubouri” was brought in on charges of spending more than half a billion dinars in violati
» It includes 5 million seedlings.. Baghdad Municipality announces a plan to develop more than 100 new
» A threat raids flights in the skies of Iraq
» President Bafel Talabani recommends that the Union Bloc leave the conference and go to the voting se
» American report: Washington views Baghdad as a “contradictory partner” and “implicit enemy”
» The dollar continues to rise.. Learn about the exchange rates in Iraqi markets
» The countries that import Turkish goods the most during the month of August.. This is Iraq’s rank
» Reinforcing the Iraqi Dinar: A Shift in Iraq’s Monetary Policy
» Former MP: There is no “veto” on Iraq’s possession of air defense systems
» Financial waste by equipping an inoperative firefighting system worth $350,000 for the Oil Explorati
» UNHCR to Al-Furat News: There was no malfunction in the second simulation and things are going accor
» Commerce reveals the rates of completion of the electronic card modernization
» The plan details the most prominent aspects of government support to provide housing for poor famili
» 5 counterfeiters were overthrown at Baghdad International Airport
» Extension of application to central admission after the results of the second round