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Neno's Place Established in 2006 as a Community of Reality


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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


    Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”

    Rocky
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    • Post n°1

    Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit” Empty Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”

    Post by Rocky Sun 10 Dec 2023, 4:04 am

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    [size=52]Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”[/size]

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    Today, Sunday (December 10, 2023), oil expert Bahjat Ahmed revealed the reasons for the decline in the price of oil in global markets, while indicating that next year’s budget for Iraq will witness a deficit.[/size]
    [size=45]Ahmed said in an interview, “The decline in the price of oil is due to the contraction in Chinese demand for oil, which is considered one of the largest consumers, because it consumes about 12 million barrels per day.”[/size]
    [size=45]He added, “The other reason for the decline in the price of oil is due to the lack of agreement between the OPEC+ alliance on reducing oil production in member states, and only 8 members decided to reduce production voluntarily.”[/size]
    [size=45]He pointed out that “Iraq’s production reached 4 million and 9 thousand barrels per day, and Iraq’s decision to reduce takes place next month until March 2024, and this matter will lead to a deficit in Iraq’s budget for the coming year.”[/size]
    [size=45]Iraq approved a three-year budget amounting to 199 trillion Iraqi dinars, with a deficit amounting to more than 64 trillion Iraqi dinars per year, but this year no actual deficit was recorded due to decreased spending and not all amounts allocated to the budget were spent.[/size]
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    Rocky
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    Posts : 269823
    Join date : 2012-12-21
    • Post n°2

    Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit” Empty Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”

    Post by Rocky Sun 10 Dec 2023, 4:14 am

    Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”
    [You must be registered and logged in to see this link.] |Today,
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    Baghdad today - Baghdad
    Today, Sunday (December 10, 2023), oil expert Bahjat Ahmed revealed the reasons for the decline in the price of oil in global markets, while indicating that next year’s budget for Iraq will witness a deficit.
    Ahmed said in an interview with "Baghdad Today" that "the decline in the price of oil is due to the contraction in Chinese demand for oil, which is considered one of the largest consumers, because it consumes about 12 million barrels per day."
    He added, "The other reason for the decline in the price of oil is due to the lack of agreement by the OPEC+ alliance on reducing oil production in member states, and only 8 members decided to reduce production voluntarily."
    He pointed out that "Iraq's production reached 4 million and 9 thousand barrels per day, and Iraq's decision to reduce takes place next month until March 2024, and this matter will lead to a deficit in Iraq's budget for the coming year."
    Iraq approved a three-year budget amounting to 199 trillion Iraqi dinars, with a deficit amounting to more than 64 trillion Iraqi dinars per year, but this year no actual deficit was recorded due to decreased spending and not all amounts allocated to the budget were spent.
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      Current date/time is Fri 10 May 2024, 2:29 pm