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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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    Disturbing data about the status of Iraqi oil in the global market...a continuous decline in the exp

    Rocky
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    Disturbing data about the status of Iraqi oil in the global market...a continuous decline in the exp Empty Disturbing data about the status of Iraqi oil in the global market...a continuous decline in the exp

    Post by Rocky Sat 09 Apr 2022, 9:54 am


    [size=30]Disturbing data about the status of Iraqi oil in the global market...a continuous decline in the exporter to America and a decline in India's desire for it

    2022-04-09
    [/size]
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    Yes Iraq: Baghdad

    Worrying indicators are increasing about the control and position of Iraqi oil in the global market. While there are indications that companies from the Asian market, especially in India and China, may resort to buying Russian oil, which began to be offered at a lower price than the world price, and to stay away from buying Iraqi oil, the imports of the United States of America are still Of Iraqi oil is also declining for the second week in a row.
     
    And the US Energy Information Administration announced a decline in Iraqi oil exports to America for the second week in a row, reaching an average of 71 thousand barrels per day.
    The administration said in a report, "The average US imports of crude oil during the past week from seven countries amounted to 5549 million barrels per day, an increase of 16 thousand barrels per day compared to the previous week, which amounted to 5533 million barrels per day."
    And she added, "Iraq's oil exports to America amounted to an average of 71 thousand barrels per day during the past week, down from the previous week, in which the average exports amounted to 82 thousand barrels per day."
    She pointed out that "most of America's oil revenues during the past week came from Canada, at a rate of 3.923 million barrels per day, followed by Mexico at a rate of 619,000 barrels per day, and then Saudi Arabia at a rate of 573,000 barrels per day."
    Since last March, Iraq's oil exports to America have begun to gradually decline, as Iraq exported crude oil to America during the first week of March at a rate of 188,000 barrels per day, while an average of 161 thousand barrels per day was issued in the second week, and an average of 489,000 barrels per day was exported per week. The third, "while the fourth week's exports amounted to 82 thousand barrels per day."
    During the first week of April, Iraq's oil exports to America amounted to 71 thousand barrels per day, and according to what was imported during March, the rate of US imports of Iraqi oil amounted to approximately 230 thousand barrels per day, while in the first week of April it amounted to 71 thousand barrels per day, meaning Finally, Iraq's oil exports to America during the first week of April decreased by 62% compared to the first week of March.
    This drop is considered surprising, since after the United States of America banned Russian oil, expectations were that America would compensate for its need for oil by importing “Middle Eastern” oil, so Iraq’s exports would rise with the rest of the oil-exporting countries, but what happened is the opposite.
    These indicators come to increase “concern” about the status of Iraqi oil in the global market, after other “Asian” indicators indicate that some Indian companies have given up buying Iraqi oil, preferring Russian oil because it is cheaper, with the discounts that Moscow began offering to Asian customers to compensate for the lack of its oil exports due to Western sanctions and many Western companies abandon the purchase of Russian oil.
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