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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Experts: Surplus oil sales bring Iraq $20 per barrel

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267043
    Join date : 2012-12-21

    Experts: Surplus oil sales bring Iraq $20 per barrel Empty Experts: Surplus oil sales bring Iraq $20 per barrel

    Post by Rocky Fri 16 Sep 2022, 5:05 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Experts: Surplus oil sales bring Iraq $20 per barrel[/size]

    [size=45]Baghdad/Bright news[/size]
    [size=45]Energy experts expected that oil prices would achieve a surplus for Iraq at a rate of $20 per barrel until the end of this year, pointing out that global markets are affected by a number of factors, the most important of which is the Ukrainian crisis and the decisions of the Organization of Petroleum Exporting Countries.[/size]
    [size=45]And energy expert Bilal Khalifa said in an interview with (Al-Mada), that "many reasons affect international oil prices, most notably the US sanctions on some countries."[/size]
    [size=45]Khalifa continued, "The prices rose after the war between Russia and Ukraine from $70 to $100 and in some cases reached $120."[/size]
    [size=45]He pointed out that "recent days have witnessed a decline in prices after the fears of oil-consuming countries faded from the impact of the war on the lack of energy supplies."[/size]
    [size=45]Khalifa noted, "The prices also depend on the seasons of the year, and we are on the cusp of entering the winter season, which needs energy, especially by European countries."[/size]
    [size=45]He stressed, "The changes in prices are also the result of the decisions of the Organization of Petroleum Exporting Countries (OPEC) and the recent decision to cut 300,000 barrels, although it is a simple number, but it has a clear role in oil prices."[/size]
    [size=45]Khalifa explained, "Oil prices during the remainder of this year may be between 95 to 100 dollars, and there are no indications that they will drop below that."[/size]
    [size=45]As for the effects of oil prices in Iraq, he replied that "the lack of a budget provided us with more than 25 trillion dinars, in addition to the Ukrainian crisis, which raised oil prices, and this left positive effects on Iraq."[/size]
    [size=45]Khalifa stressed that "the government and the parties will face a real predicament with the end of the Ukrainian crisis, as oil prices will drop."[/size]
    [size=45]And he added, "The lowest price that covers the state's public spending is about $75 a barrel, and this means that the surplus that is being achieved for Iraq at the moment is about $20 per barrel."[/size]
    [size=45]Khalifa went on to say, "The Iraqi citizen has not, so far, seen any positive results from the rise in oil prices."[/size]
    [size=45]For his part, oil expert Hamza Al-Jawahiri said, in an interview with Al-Mada, that "oil prices are currently entering into a confrontation between the United States, OPEC countries and Russia in particular due to international sanctions and the Ukrainian crisis."[/size]
    [size=45]Al-Jawahiri added, "The file took different paths after the paths of the movement of oil changed from producers to traditional consumers, and those who continue to sell oil to other countries."[/size]
    [size=45]He pointed out, "This is caused by sanctions against Russia," noting that "the United States prevents European countries from buying Russian oil, but this oil has reached those countries through China, India or Saudi Arabia."[/size]
    [size=45]Al-Jawahiri said, "Changing the oil paths has changed, and the United States is trying with all its capabilities to put pressure on oil prices and reduce them."[/size]
    [size=45]He stressed, "The American side sold more than a million barrels of its strategic reserves in order to contribute to lowering prices while accelerating the issue of sanctions against Iran in the hope of returning to the agreements, but these efforts have stumbled."[/size]
    [size=45]Al-Jawahiri pointed out that "the return of the agreement with Iran will contribute to increasing global production by about 1.5 million barrels, and Libya has resumed pumping at a rate of 1.25 million barrels, but new disturbances have occurred and made its export fluctuate."[/size]
    [size=45]And he continues, "The main task of OPEC is to maintain oil prices in global markets," noting that "prices by about a year will remain more than $90 until the end of this year."[/size]
    [size=45]Al-Jawahiri added, "The developments of next year will depend on the developments of the Ukrainian crisis and dialogue with Iran and China, as they are factors that greatly affect the decisions of the Organization of the Petroleum Exporting Countries, but prices will remain above $90 despite all the variables."[/size]
    [size=45][You must be registered and logged in to see this link.]

      Current date/time is Thu 28 Mar 2024, 6:16 am