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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


    Data of the “last stability” .. Iraq maintained its share in the two largest markets in February ..

    Rocky
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    Data of the “last stability” .. Iraq maintained its share in the two largest markets in February .. Empty Data of the “last stability” .. Iraq maintained its share in the two largest markets in February ..

    Post by Rocky Mon 21 Mar 2022, 5:45 am


    [size=30]Data of the “last stability” .. Iraq maintained its share in the two largest markets in February .. and March of the month of “concern” over 70% of Iraq’s exports

    2022-03-21
    [/size]
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    Yes Iraq: Baghdad

    The data on the distribution maps of the main exporters of oil to the Asian markets, especially to China and India, continues, and while the data for the first and second months of this year still show Iraq’s stability in its rank with the amount of exports to India and China so far, there are greater concerns related to the data of the third month of March, due to what it witnessed This month of deals to sell Russian oil at deep discounts to these two major consumers India and China.
    China's third largest exporter
    Data from the General Administration of Chinese Customs showed that Iraq was the third largest exporter of oil to China during the months of December and February 2022. According to the table, Iraq issued during the months of January and February of the current year 2022 an amount of 10.019 million tons of oil, equivalent to (71.134). million barrels) equivalent to 1.185 million barrels per day,” noting that “these exports decreased by 0.4 percent from the same period last year.”
    She added that "Saudi Arabia regained its position as the largest supplier of crude to China in the first two months of 2022, reaching 14.61 million tons, equivalent to 1.81 million barrels per day, surpassing Russia, which was the first during last December, and its production reached 12.667 million tons, or 1.57 million barrels per day." “.
     
    Iraq is India's largest exporter
    On the other hand, Iraq also retained its lead in the list of exporters of crude oil to India in February, and preliminary data showed that India’s imports of crude rose in February to 4.86 million barrels per day, its highest levels since December 2020, with the increase in refinery refining to meet the increasing demand for improving refining, Iraq was India's largest oil exporter.
    India, the world's third largest importer and consumer of oil, ships more than 80% of its crude and relies heavily on the Middle East, but its dependence on the Middle East is eroding as refineries diversify their sources of oil imports to buy cheaper barrels from elsewhere to boost profit margins. , a move that reduced OPEC's share of India's oil imports.
     
    70% of Iraq's oil exports are at risk
    Hence the concerns about the deepening decline in India's imports of crude oil coming from the Middle East, especially Iraq, after Russia offered its crude oil to India and China at huge price discounts of up to $30 per barrel.
    Chinese and Indian companies have already started buying Russian oil at large discounts from the price of Brent crude, which raises fears that Russia may acquire Iraq's share in the Indian and Chinese market, and companies in these two countries will turn to buying Russian oil due to price discounts, and avoid buying Iraqi oil.
    Iraq exports about 3.4 million barrels per day, of which 1.3 million barrels are to India, and about 1.1 million barrels per day to China, which means that 2.4 million barrels per day go to these two countries out of the 3.4 million barrels per day exported by Iraq, meaning that 70% of exports Iraq's oil may be threatened if Russia continues to offer its oil at discount prices that attract buyers in India and China.
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