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]Expectations of a new rise in oil prices to $ 100 a barrel[/size]
[size=45]The outbreak of the Corona virus in China once again, in addition to the American pressures and its attempt to compensate for Russian oil and gas exported to Europe, prompted a decline in oil prices during the last month.[/size]
[size=45]In the opinion of specialists, adherence to OPEC decisions makes price levels range between 83-93 dollars per barrel and could reach 100. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, decided to reduce the target production by two million barrels per day in last October.[/size]
[size=45]According to the latest oil price update, Brent crude futures recorded $76.74 a barrel, up 59 cents, or 0.8%, after falling 1.3% last Thursday. US West Texas Intermediate crude rose 68 cents, or 1%, to $72.14 a barrel, after it recorded a 0.8% decrease when settling in the previous session.[/size]
[size=45]Hamza Al-Jawahiri, a specialist in oil affairs, says that OPEC’s decision to reduce production did not affect Iraq’s exports, but rather reduced internal production, noting that “compliance with OPEC decisions is expected to make price levels range between 83-93 dollars per barrel.”[/size]
[size=45]Al-Jawahiry added, "The increase in prices by $10 or more compensates for the reduction, which amounts to about 220,000 barrels, and the profit may increase due to price stability."[/size]
[size=45]He attributed the decline in prices to “the complete closure in China of some provinces after the spread of the Corona virus again, in addition to the Russian-Ukrainian war that put pressure on prices, as well as American pressures and its attempt to compensate for Russian oil and gas exported to Europe, as well as setting a price ceiling ranging between 60- $65 a barrel, even though stocks of oil and derivatives have dropped very dramatically in recent weeks.[/size]
[size=45]Al-Jawahiri pointed out that "OPEC is coherent and cannot be dismantled, because if things are left without a clear policy, prices will collapse to irreversible levels."[/size]
[size=45]For his part, Safwan Qusai, a specialist in economic affairs, believes that “it is best for OPEC to keep the same policy and not increase or decrease production, especially since there are sanctions that will be imposed on Russian oil.”[/size]
[size=45]He added, "It is possible for oil prices to range between 90-100 dollars a barrel during the next year, so that there will be stability in the revenues of Iraq and other major oil producers."[/size]
[size=45]He pointed out, Qusay, that "Iraq will be affected if the oil pumping from the strategic storage is increased, and it is likely that prices will not fall below $ 70 a barrel, even with the increase in oil pumping from the strategic storage by the United States."[/size]
[size=45]He explained, "China's control of the Corona pandemic will be a factor for the growth and rise of oil prices."[/size]
[size=45]In addition, economics professor Nabil Al-Marsoumi warned of the decline in the financial revenues achieved from the sale of Iraqi oil, due to the repercussions of the Russian crude price ceiling.[/size]
[size=45]Al-Marsoumi said, “This competition between Russian oil and both Iraqi and Saudi oil will lead to a greater drop in the prices of oil shipments destined for Asia, which will negatively affect Iraqi oil revenues, especially in light of the weak global demand for oil and possible fears of an imminent hike in US interest rates, which is Which led to the current decline in the price of Brent crude and its decline.[/size]
[size=45]Earlier, Prime Minister Muhammad Shia al-Sudani said, "Iraq is keen to adhere to OPEC's policies and decisions," noting that "Iraq must reconsider its quota."[/size]
[size=45]He added that there are several reasons for this, including the need for "funds for the reconstruction of Iraq."[/size]
[size=45]Al-Sudani indicated that his country is “keen on the stability of energy prices,” adding, “We do not want prices to rise above $100, nor at the same time to decrease in a way that affects the level of supply and demand.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Expectations of a new rise in oil prices to $ 100 a barrel[/size]
[size=45]The outbreak of the Corona virus in China once again, in addition to the American pressures and its attempt to compensate for Russian oil and gas exported to Europe, prompted a decline in oil prices during the last month.[/size]
[size=45]In the opinion of specialists, adherence to OPEC decisions makes price levels range between 83-93 dollars per barrel and could reach 100. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, decided to reduce the target production by two million barrels per day in last October.[/size]
[size=45]According to the latest oil price update, Brent crude futures recorded $76.74 a barrel, up 59 cents, or 0.8%, after falling 1.3% last Thursday. US West Texas Intermediate crude rose 68 cents, or 1%, to $72.14 a barrel, after it recorded a 0.8% decrease when settling in the previous session.[/size]
[size=45]Hamza Al-Jawahiri, a specialist in oil affairs, says that OPEC’s decision to reduce production did not affect Iraq’s exports, but rather reduced internal production, noting that “compliance with OPEC decisions is expected to make price levels range between 83-93 dollars per barrel.”[/size]
[size=45]Al-Jawahiry added, "The increase in prices by $10 or more compensates for the reduction, which amounts to about 220,000 barrels, and the profit may increase due to price stability."[/size]
[size=45]He attributed the decline in prices to “the complete closure in China of some provinces after the spread of the Corona virus again, in addition to the Russian-Ukrainian war that put pressure on prices, as well as American pressures and its attempt to compensate for Russian oil and gas exported to Europe, as well as setting a price ceiling ranging between 60- $65 a barrel, even though stocks of oil and derivatives have dropped very dramatically in recent weeks.[/size]
[size=45]Al-Jawahiri pointed out that "OPEC is coherent and cannot be dismantled, because if things are left without a clear policy, prices will collapse to irreversible levels."[/size]
[size=45]For his part, Safwan Qusai, a specialist in economic affairs, believes that “it is best for OPEC to keep the same policy and not increase or decrease production, especially since there are sanctions that will be imposed on Russian oil.”[/size]
[size=45]He added, "It is possible for oil prices to range between 90-100 dollars a barrel during the next year, so that there will be stability in the revenues of Iraq and other major oil producers."[/size]
[size=45]He pointed out, Qusay, that "Iraq will be affected if the oil pumping from the strategic storage is increased, and it is likely that prices will not fall below $ 70 a barrel, even with the increase in oil pumping from the strategic storage by the United States."[/size]
[size=45]He explained, "China's control of the Corona pandemic will be a factor for the growth and rise of oil prices."[/size]
[size=45]In addition, economics professor Nabil Al-Marsoumi warned of the decline in the financial revenues achieved from the sale of Iraqi oil, due to the repercussions of the Russian crude price ceiling.[/size]
[size=45]Al-Marsoumi said, “This competition between Russian oil and both Iraqi and Saudi oil will lead to a greater drop in the prices of oil shipments destined for Asia, which will negatively affect Iraqi oil revenues, especially in light of the weak global demand for oil and possible fears of an imminent hike in US interest rates, which is Which led to the current decline in the price of Brent crude and its decline.[/size]
[size=45]Earlier, Prime Minister Muhammad Shia al-Sudani said, "Iraq is keen to adhere to OPEC's policies and decisions," noting that "Iraq must reconsider its quota."[/size]
[size=45]He added that there are several reasons for this, including the need for "funds for the reconstruction of Iraq."[/size]
[size=45]Al-Sudani indicated that his country is “keen on the stability of energy prices,” adding, “We do not want prices to rise above $100, nor at the same time to decrease in a way that affects the level of supply and demand.”[/size]
[size=45][You must be registered and logged in to see this link.]
» The monetary authority activates the tools to revive development and eradicate poverty
» The Central Bank of Iraq promises a decrease in the dollar and clarifies regarding prepaid cards
» Militia Man & Crew’s video: "Get Ready to Rumble.. 2023-2024-2025 Budget is Hot"
» The Central Bank: Merchants' insistence on buying dollars from the parallel market exposes them to l
» Passing the budget is a foregone conclusion.. and resolving the dispute in Article 14 falls within t
» Kurdish MP: The region is trying to evade its oil obligations in the budget
» Maliki's coalition: No waiver of depositing the region's oil money in the central bank's account
» The National Investment Commission confirms the willingness of its chairman to attend the parliament
» Al-Sudani: The Iraqi government is in the process of approving the military retirement law
» More than a billion dollars in sales from the Central Bank of Iraq within a week
» The difficult nights of the budget.. another round of maneuvers to vote on the deferred paragraphs
» No more meetings and postponed points will be passed.. An "optimistic" statement from the Finance Co
» "Hot" sessions in the House of Representatives... Learn about the articles that were approved, postp
» The release of 3 billion dollars of frozen Iranian funds in Iraq
» The budget.. The sharp differences between the Barti deputies cause the postponement of the vote on
» Central Bank Governor: Dollar exchange rates will drop dramatically in the coming days
» Chambers of Commerce identify the most important factors for the rise of the parallel market for the
» Representative of the Kurdistan Democratic Party: There are no major differences remaining..and the
» Informed source: The gasoline tax achieves two main things
» An economist for / NINA /: Setting an unconsidered price for oil in the budget reflects negatively o
» Al-Alaq is looking with the head of the JP Morgan bank to support foreign trade financing
» Iraq pays the costs of the Iranian pilgrims from their account in the Trade Bank of Iraq
» Parliamentary Finance: The dispute over the budget over oil and the share of the region
» He directed to distribute 500,000 residential plots of land among the citizens
» Parliament's priority is to approve the oil and gas law
» Electricity: Activating the connection with Jordan at the beginning of next July
» Great turnout at Erbil International Fair
» Serious attempts to revive thousands of suspended factories
» An American bank expresses its support for Iraq's foreign trade financing operations
» The difficult nights of the budget.. another round of maneuvers to vote on the deferred paragraphs
» Baghdad "buys" a moral victory with economic losses worth a billion dollars a month
» Iraq is the third largest oil exporter to America in a week
» Marking the end of the crisis.. the start of loading fuel tanks in Basra
» Alia Nassif praises the dismissal of the first batch of general managers and expects a decrease in f
» The House of Representatives raises its session to five o'clock this evening, Saturday
» Introducing postgraduate studies in private universities.. Parliamentary signatures to delete the pa
» Articles of the tripartite budget.. Stopping appointments, except for contracting with 50,000 police
» An American bank announces its willingness to support Iraqi banks with foreign trade financing opera
» The House of Representatives votes on a number of budget articles and adjourns its session to Saturd
» Parliamentary Finance commented on postponing the vote on some articles of the budget law
» Parliament postpones voting on four articles and completes 3 others within the budget
» Iraq's budget.. Parliament votes on three new articles and deletes one
» The House of Representatives raises its session to this afternoon
» In numbers, an expert explains what happened to the Iraqi refineries in 2022 and the impact of Artic
» The World Bank lowers its forecasts for the performance of the economies of Arab countries.. What ab
» Dollar exchange rates in the Iraqi market
» J.P. Morgan offers to support Iraqi banks
» The House of Representatives votes on the first paragraph of the budget law
» Parliament votes on two articles that include the exchange rate at 130 thousand dinars
» Postponing the session to complete the vote on the budget materials for several hours
» Prime Minister: Iraq is on the verge of a major reconstruction movement in all sectors
» Advisor to the Prime Minister explains the details of the first stages of the new Sadr City project
» The Chairman of the Parliamentary Finance Committee announces the settlement of differences and the
» Al-Rafidain announces the distribution of a new meal from the advances of retirees amounting to 25 m
» Al-Sudanese confirms the obligation of Kurdistan to export oil through SOMO.. What about Türkiye?
» Deputy: One trillion dinars to develop four health programs in this year's budget
» The Governor of the Central Bank meets the Vice President of JPMorgan Bank
» Parliament votes to adopt the value of a barrel of oil at $70 and the exchange rate of the dollar at
» An American bank expresses its willingness to support Iraqi banks with foreign trade financing opera
» A new postponement of the budget settlement session
» Dollar exchange rates in the local market
» Al-Alaq is looking with the head of the JP Morgan bank to support foreign trade financing
» A budget usurped by and from it, will it end the controversy of emptiness and fill the pockets of ci
» Alia Nassif attacks those who seek to restore the provincial councils: a failed experiment and a gat
» A deputy for Karbala blames the government and the leaders of the blocs for delaying the budget and
» The Finance Committee requests a 24-hour deadline: Kurdistan's dispute was confined between the "two
» The House of Representatives adjourned the session on the budget to one in the afternoon, Friday
» After labors and disagreements.. the House of Representatives holds its session to vote on the tripa
» Parliament adjourns after voting on articles of the draft budget
» Dollar exchange rates in the Iraqi governorates
» What do you know about the 6 articles voted on by the House of Representatives and the deleted artic
» Militia Man & Crew patron-only new video: "Two Sides of the Story"
» Judy, MilitiaMan and more....Thursday Morning 6-8-2023
» Al-Sudani to a delegation from the “GB Morgan” bank: We are continuing to reform the banking system
» The Association of Banks announces the creation of more than 10,000 job opportunities
» Deputy: Distributing the copy of the budget to the members of parliament when the session is held
» It is noteworthy that the suspended oil and gas law in Parliament since its first session, in 2005,
» Al-Sudani is discussing with an international banking delegation supporting the banking sector, the
» The start of the implementation ceremony of the (Iraqi-Gulf) electrical interconnection project betw
» Al-Sudani: The government seeks to stop money laundering by complying with international standards
» "Manipulation and speculation".. Economists attribute the dollar's rise in the parallel market to "n
» British report: The losses from stopping the region's oil exports through Türkiye are not estimated
» Masrour Barzani on the region's share of the budget: We made every effort to reach an agreement with
» An American institute dismantles the Chinese puzzle in Iraq: Beijing's investments are supported by
» The triple balancing act in front of the last three hours test: either to pass or face a legal probl
» Between "embarrassment and decisiveness"... the budget brings Parliament into a "war of hours" and t
» Barzani on Kurdistan's share of the budget: We will not accept any violation of our rights
» A member of Barzani's party: holding a session to pass the budget depends on this matter
» Al-Sudanese in front of a delegation from the American bank, JP Morgan, pledging comprehensive banki
» Final agreement to send the draft budget to the Finance Committee and to vote at 6 p.m
» The position of the Kurdish forces hours before the budget settlement session
» Baghdad Today conveys the latest developments in the voting session on the budget
» The "suspicious" reputation of black money is lowering real estate prices in one of the most expensi
» The Saudi Energy Minister announces the start of implementing the Gulf electrical interconnection wi
» Parliamentary source: The budget voting session may take place at dawn on Friday
» Deputy: A large turnout of members of Parliament and a comfortable majority to pass the budget
» Side meetings to agree on the final version of the budget
» Al-Halbousi chairs a meeting of the Finance Committee prior to the budget vote session