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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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An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq

rocky
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An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq Empty An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq

Post by rocky Wed 24 Nov 2021, 6:13 am

An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq

  •  Time: 11/24/2021 13:59:25
     
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{Political: Al Furat News} A financial advisor to Prime Minister Mustafa Al-Kazemi commented on US President Joe Biden's decision to use the strategic oil needs of the United States to curb prices in a historic step.
Mazhar Muhammad Salih told {Euphrates News}: "America today is afraid of price fluctuations in the world, which affects their economy," noting that "the costs of the global economy in general are weak, which causes high inflation differences through high prices and is offset by a recession."
And he indicated that "the use of the reserves helps to limit the rise in prices and not to rise from the current prices, and this constitutes a burden on the American economy, which is affected by the global economy."
Saleh explained, "The countries resort to using their reserves to enhance supply and resort to the stability of the oil market, and Iraq benefits from any increase in prices, but the accelerated temporary increases are reflected back because the oil market has a glut and returns prices to a decrease."
Yesterday, Tuesday, the United States took a historic step by announcing President Biden to withdraw some of its strategic oil reserves to counter inflation in energy prices, in coordination with other countries that will follow suit, which raised questions about the goal of this trend, and its repercussions on the high oil price market, especially With the unwillingness of the OPEC countries to move towards lowering prices.
And the White House announced, on Tuesday, that Biden had ordered the use of 50 million barrels of stockpiles, indicating coordination with other energy consuming countries, including China, India, Japan, South Korea and the United Kingdom.
Observers of the situation believe that the last step is a "temporary solution" to contain the rise in energy prices, and they ruled out that the latest coordination is a long-term alliance between the United States and other countries.
It appears from the trading that the oil markets did not react to the move, as prices rose, and in today’s trading, at 09:45 Moscow time, US West Texas Intermediate crude futures were traded at $78.91 a barrel, an increase of 0.50% over the settlement price. the previous.
Meanwhile, Brent crude futures were traded at $82.64 a barrel, an increase of 0.40% over the previous closing price, according to data from Bloomberg.

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Diamond
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An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq Empty Re: An advisor to Al-Kazemi comments on Biden's decision on oil and its impact on Iraq

Post by Diamond Wed 24 Nov 2021, 7:20 am

biden deciding on oil when he's the one that stopped that alaskan pipeline, wonder what other tricks that jo an da ho have in store

weslin3 likes this post


    Current date/time is Sun 28 Nov 2021, 7:59 am