Home
[You must be registered and logged in to see this image.]
Because of its inability to cover global demand .. Iraq raises its compliance with the decisions of OPEC
Shafaq News/ 13 OPEC countries pumped 28.19 million barrels per day of crude oil during last January, an increase of 150 thousand barrels per day compared to December.
While the nine non-OPEC countries pumped 13.99 million barrels per day, an increase of 10 thousand barrels per day.
In a survey, Standard & Poor's Global Platts said 14 out of 18 members had quotas that did not meet their targets, raising the OPEC+ compliance rate to 120.8%, the highest level since the group imposed record production cuts in the spring of 2020 to pull the oil market out of the crash. Epidemiological.
According to the survey, Iraq faced a production obstruction due to bad weather and technical issues, as it pumped 4.26 million barrels per day in January, a decrease of 50 thousand barrels per day and increased its commitment rate by 105.7%.
Russia and Saudi Arabia pumped 10.08 million barrels per day in January, and also failed to reach their quotas of 10.122 million barrels per day, while the UAE slightly exceeded its quota in January with a commitment rate of 94.4%, as it pumped 2.93 million barrels per day.
Venezuela, which is exempt from the quota under the OPEC+ deal, has seen a major slowdown as reduced supplies of thinners slashed production from additional heavy oil fields and the survey found it produced 630,000 bpd in January, down 120,000 bpd.
Libya, which is exempt from the quota, also saw production of less than one million barrels per day for the first time since October 2020 due to problems in its southwestern and eastern oil fields. As a result of bad weather which also led to a decline in exports.
[You must be registered and logged in to see this link.]
While the nine non-OPEC countries pumped 13.99 million barrels per day, an increase of 10 thousand barrels per day.
In a survey, Standard & Poor's Global Platts said 14 out of 18 members had quotas that did not meet their targets, raising the OPEC+ compliance rate to 120.8%, the highest level since the group imposed record production cuts in the spring of 2020 to pull the oil market out of the crash. Epidemiological.
According to the survey, Iraq faced a production obstruction due to bad weather and technical issues, as it pumped 4.26 million barrels per day in January, a decrease of 50 thousand barrels per day and increased its commitment rate by 105.7%.
Russia and Saudi Arabia pumped 10.08 million barrels per day in January, and also failed to reach their quotas of 10.122 million barrels per day, while the UAE slightly exceeded its quota in January with a commitment rate of 94.4%, as it pumped 2.93 million barrels per day.
Venezuela, which is exempt from the quota under the OPEC+ deal, has seen a major slowdown as reduced supplies of thinners slashed production from additional heavy oil fields and the survey found it produced 630,000 bpd in January, down 120,000 bpd.
Libya, which is exempt from the quota, also saw production of less than one million barrels per day for the first time since October 2020 due to problems in its southwestern and eastern oil fields. As a result of bad weather which also led to a decline in exports.
[You must be registered and logged in to see this link.]
» Central Bank: Closing the electronic platform enhances financial stability
» UGT donates feasibility study to Iraq on bringing solar energy to homes
» "Oil Money Is Not Enough" Parliament's Finance
» "Oil Money Is Not Enough" Parliament's Finance
» Clarification of the importance of the Central Bank’s decision to ban the sale of real estate above
» Signing a memorandum of understanding with British Petroleum / BP regarding a program to evaluate th
» Al-Sudani receives in London the CEO of GE for the Europe, Middle East and Africa region
» Iraq, General Electric discuss energy initiatives
» Shell plans to increase investments in Iraq
» Iraq’s economic growth forecast for 2024: A promising path forward
» Parliamentary Finance: Banking reform enhances Iraq's global
» 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