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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


An Iraqi expert explains Biden's upcoming decision and its impact on oil prices

rocky
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An Iraqi expert explains Biden's upcoming decision and its impact on oil prices Empty An Iraqi expert explains Biden's upcoming decision and its impact on oil prices

Post by rocky Tue 23 Nov 2021, 6:22 am

An Iraqi expert explains Biden's upcoming decision and its impact on oil prices

  •  Time: 11/22/2021 21:07:39
     
  •  Reading: 3,887 times

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{Economic: Al Furat News} An oil expert explained the decision of US President Joseph Biden regarding the release of US oil reserves.
Hamza Al-Jawahiri told {Euphrates News}: "The decision will raise oil prices globally and have a positive impact on Iraq," which depends mainly on oil as a semi-sole resource for the state treasury.
He pointed out that "the decision will never affect the Organization of the Petroleum Exporting Countries, which has the lead in global oil markets."
He continued, "It is not possible to expect - now - oil prices after Biden's decision," noting that "there are other factors that will affect the oil market, such as the new epidemic wave in Europe and others."
Al-Jawahiri said, "The United States used its reserves from oil reserves and other countries, and this is what made oil drop below $80 in the past two days."
He explained that "
And Bloomberg Agency reported this evening that US President Joe Biden is preparing to announce the use of oil from US reserves in coordination with several countries, including India, Japan and South Korea.
Informed sources told the US Agency that "Biden's announcement on reserve oil will be jointly carried out with India, Japan and South Korea. It will be an unprecedented effort by major oil consumers to control prices after the "OPEC +" countries rejected US calls to increase production significantly."
The sources stated that "the situation is still in a state of flux and plans may change, but the United States is considering releasing more than 35 million barrels over time."
The Biden administration has asked a wide range of countries, including China, to consider releasing crude oil stocks. 
This is why oil prices rose on Monday, due to reports that “OPEC +” may reassess its production.
Raghad Daham

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rocky
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An Iraqi expert explains Biden's upcoming decision and its impact on oil prices Empty Biden orders the release of 50 million barrels of US oil reserves

Post by rocky Tue 23 Nov 2021, 6:23 am

Biden orders the release of 50 million barrels of US oil reserves

  •  Time: 11/23/2021 15:12:33
     
  •  Reading: 156 times

  

White House: 
Biden orders the release of 50 million barrels of US strategic oil reserves,
Biden is ready to take steps regarding oil prices if necessary

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    Current date/time is Mon 06 Dec 2021, 6:26 am