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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq reveals its forecast for oil prices through 2019III

    Rocky
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    • Post n°1

    Iraq reveals its forecast for oil prices through 2019III Empty Iraq reveals its forecast for oil prices through 2019III

    Post by Rocky Mon 07 Jan 2019, 1:23 am

    [rtl]

    raq reveals its forecast for oil prices through 2019III

    [/rtl]
    [rtl]Date of release:: 2019/1/7 9:44 • 127 times read[/rtl]
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    (Baghdad: Al-Furat News) Minister of Oil, Thamer Ghadhban, predicted a reduction in stocks, supply and surplus of crude during the first and second quarters of the current year 2019.
    Al-Ghadhban reiterated in a press statement that Iraq is committed to what was agreed at the last OPEC conference, which was directed mainly to stop the collapse of global oil prices, noting that Iraq had a positive, effective and wise role of the organization and its partners from outside in the event of the reduction of Million and 200 thousand barrels per day and from the first of this month for a period of six months. 
    He added that "oil prices could have collapsed to below $ 40 a barrel in the event of no agreement on the reduction, in addition to other reasons contributed to the decline in oil prices related to demand and global economic growth and the existence of other alternatives contending crude production growth outside the OPEC countries, The United States and Russia, as well as other political factors. "
    Al-Ghadhban pointed out that as a specialist in the field of oil, he is moving away from forecasts of world oil prices being volatile and witnessing sharp changes. However, reducing the volume of production would draw most of the surplus of oil in the world markets. He expected that the first two chapters of this year will witness a shortage of storage and surplus supply. And then will see prices increase, suggesting that the third quarter may see a lack of supply, which requires the (OPEC) to intervene, but said that this is an early thing to talk about it. "He 
    pointed out that Iraq, although the prices of global oil is fair for both producer and consumer, OPEC research bodies unite S prices between 60-80 dollars a barrel and another talk about prices ranging between 70 - 80 as the prices of a fair barrel of oil globally, noting that some imagine that the price of $ 80 a barrel will stimulate the production of rock oil.
    "The increases that have occurred in recent years in the United States of America came from this kind of oil, and the countries that have reserves of this kind of oil will encourage them to produce it and therefore will compete with the producing countries themselves and therefore must prevail wisdom, rationality and balance In global oil prices fair to all. "


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    • Post n°2

    Iraq reveals its forecast for oil prices through 2019III Empty Iraq expects oil prices to rise in 2019

    Post by Rocky Mon 07 Jan 2019, 2:19 am


    Iraq expects oil prices to rise in 2019

    10:29 - 07/01/2019



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    Information / Baghdad ..
    Deputy Prime Minister for Energy and Oil Minister Thamir al-Ghadhban predicted on Monday that the supply, surplus and surplus of crude will be reduced during the first and second quarters of this year. While the third quarter may witness a lack of supply, which requires OPEC to intervene, The research talks about prices of the barrel ranging from (60 - 80) dollars, especially after the commitment of the countries in the size of the agreed reduction.
    "Iraq is committed to what was agreed at the last OPEC conference, which was directed mainly to stop the collapse of global oil prices," Ghadhban said in a statement quoted by the official newspaper "Al Sabah" and read by him. "Iraq has had a positive and effective role And wise the findings of the Organization and its partners from outside the reduction of the two million and 200 thousand barrels per day and from the first of this month and for a period of six months. "
    "Oil prices could have fallen below $ 40 a barrel if the reduction had not been agreed," he said. "Other reasons contributed to lower oil prices related to demand, global economic growth and other alternatives." Russia as well as other political factors. "
    Al-Ghadhban pointed out that "as a specialist in the field of oil, away from forecasts of world prices of oil being volatile and experiencing sharp changes, but the reduction in the volume of production would pull most of the surplus of oil in world markets," expected that "the first two chapters of the current year shrink Storage and surplus supply and then prices will increase. "
    He pointed out that "the third chapter may see a lack of supply, which requires (OPEC) to intervene," but said that "this is an early thing to talk about."
    He pointed out that "Iraq, although the prices of global oil is fair for both producer and consumer, but the extrapolations of research bodies in (OPEC) talk about prices between (60 - 80) dollars a barrel and another talk about prices ranging from (70 - 80) dollars as fair prices To the barrel of oil globally, "noting that" some imagine that the price of $ 80 a barrel will stimulate the production of rock oil. "
    The oil minister added that "the increases that have occurred in recent years in the United States of America came from this kind of oil, and that countries that have reserves of this kind of oil, will encourage them to produce and therefore will compete with the producing countries themselves and therefore must prevail wisdom and rationality and balance in Equitable global oil prices ". Ending / 25

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    • Post n°3

    Iraq reveals its forecast for oil prices through 2019III Empty Oil minister reveals his forecast for oil prices in 2019

    Post by Rocky Mon 07 Jan 2019, 3:11 am

    Oil minister reveals his forecast for oil prices in 2019

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    Oil Minister Thamir al-Ghadhban predicted on Monday that the reserves, supplies and surplus of crude will shrink during the first and second quarters of this year 2019. 

    Al-Ghadhban reiterated in a press statement that Iraq is committed to what was agreed at the last OPEC conference, The collapse of world [You must be registered and logged in to see this link.]prices , noting that Iraq has had a positive role and effective and wise to the findings of the Organization and its partners from outside in the events of reduction of 1.2 million barrels per day and from the first of this month and for a period of six months. 

    " [You must be registered and logged in to see this link.] prices[You must be registered and logged in to see this link.]It could have collapsed below $ 40 a barrel if the reduction was not agreed, in addition to other reasons contributed to the decline in oil prices related to demand and global economic growth and the existence of other alternatives compete with crude production growth outside OPEC countries such as the United States and Russia, " 

    Al-Ghadhban pointed out that as a specialist in the field of oil, he is moving away from forecasts of world oil prices being volatile and witnessing sharp changes. However, reducing the volume of production would draw most of the surplus [You must be registered and logged in to see this link.] in the world markets, expecting to witness the first two chapters of this year A reduction in storage and surplus supply and then prices will increase, suggesting that the third quarter may see a lack of supply, which requires the "OPEC" to intervene, but said that this is an early thing to talk about. 

    He pointed out that Iraq is with [You must be registered and logged in to see this link.] prices[You must be registered and logged in to see this link.]Global markets are fair to producers and consumers alike, but the extrapolations of research bodies in OPEC talk about prices between 60-80 dollars a barrel and the other talk about prices ranging between 70-80 as fair prices for a barrel of [You must be registered and logged in to see this link.]globally, noting that some imagine that the price of $ 80 a barrel will stimulate production [You must be registered and logged in to see this link.] shale. " 

    Abizaid 's oil minister, that" the increases that occurred in recent years in the United States came from this kind of oil, and the countries that have reserves of this type of oil, would encourage the production and it will compete with the producing countries themselves and must therefore Wisdom, rationality and balance prevail Equitable global oil for all ".




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    • Post n°4

    Iraq reveals its forecast for oil prices through 2019III Empty Al-Ghadhban confirms Iraq's full commitment to the agreement to reduce oil production

    Post by Rocky Mon 07 Jan 2019, 3:31 am

    Al-Ghadhban confirms Iraq's full commitment to the agreement to reduce oil production

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    Thamer Ghadhban

     Iraq's oil minister Thamer al-Ghadhban has reiterated [You must be registered and logged in to see this link.] fullcommitment to the oil production agreement reached by the Organization of Petroleum Exporting Countries (OPEC) and its partners and entered into force on January 1. 

    "The ministry has taken measures to implement a three percent reduction in production, which is about 140,000 barrels per day of the total production of [You must be registered and logged in to see this link.] according to the agreed rate of the OPEC agreement and its partners," Ghadhban said in a press statement . 

    "The ministry is keen on stabilizing production in [You must be registered and logged in to see this link.] at the rate of 513.4 million barrels per day in the next six months after calculating the proportion of the reduction of [You must be registered and logged in to see this link.] monthly quota ." 
     
    He said he hoped "to achieve the planned objectives of the agreement and support the oil prices and stabilize the global oil market." 

    The OPEC meeting in Vienna last December reached an agreement with a reduction of 1.2 million barrels of which 800 thousand barrels per day is the proportion of the members of the Organization of Petroleum Exporting Countries (OPEC) and the rest of the producing countries from outside. 

    VI




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    Iraq reveals its forecast for oil prices through 2019III Empty Re: Iraq reveals its forecast for oil prices through 2019III

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