Home
OPEC+ deal to boost global oil market balance in H2 2024
[You must be registered and logged in to see this link.] | [You must be registered and logged in to see this link.]Number of readings: 295
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[rtl]Baghdad / NINA / Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.
Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has been implementing a series of production cuts since late 2022 to support the market.
The alliance agreed on June 2 to extend the previous cut of 2.2 million barrels per day until the end of September and gradually cancel it starting in October. The
US Energy Information Administration said last week that global oil demand will exceed production by about 750,000 barrels per day in the second half of 2024 due to lower OPEC Plus production.
OPEC's report last week also indicated a deficit in oil supplies in the coming months and in 2025.
Novak explained that the global oil market will be balanced thanks to Russia's moves. / End2[/rtl]
Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has been implementing a series of production cuts since late 2022 to support the market.
The alliance agreed on June 2 to extend the previous cut of 2.2 million barrels per day until the end of September and gradually cancel it starting in October. The
US Energy Information Administration said last week that global oil demand will exceed production by about 750,000 barrels per day in the second half of 2024 due to lower OPEC Plus production.
OPEC's report last week also indicated a deficit in oil supplies in the coming months and in 2025.
Novak explained that the global oil market will be balanced thanks to Russia's moves. / End2[/rtl]
[rtl][You must be registered and logged in to see this link.]
[/rtl]
[/rtl]
» RFK Jr. Suspends Presidential Campaign, Backs Trump
» NYC on Track to Spend $10 Billion on Illegal Aliens Over 3 Years
» California Proposal to Give Home Loans to Illegal Aliens Comes Under Fire
» Biden Administration’s Latest Illegal Immigration Scam: The BorderLine
» The Facts Behind Biden-Harris Admin’s Loss of 300K Migrant Kids
» Harley-Davidson’s Retreat on Woke Policy Revs Up the Grassroots
» utube 8/22/24 MM&C IQD Update - Iraqi Dinar News - FED Court Reject Appeal - WTO - Purchase Power
» utube 8/20/24 MM&C Iraq Dinar News -IQD Update - A ReCap of Events - PetroDinar - Al-Sudani Moneta
» 8/22/24 MM&C Trade holds virtual meeting with WTO to discuss ways of cooperation and joint coordina
» Al-Halbousi refused to attend.. A meeting between Barzani and Al-Khanjar
» "Sedition" of auctions against Al-Sudani.. The government is "balanced" and the people will confront
» Al-Sudani: Government reforms raised tax revenues by 22%
» Iraq grants work permits to more than 196,000 foreign workers in 5 months
» $65 billion is the volume of Iraq's trade exchange with 11 countries for the first half of 2024
» Parliamentary Finance: Iraq needs more than 7 trillion monthly to finance salaries
» Politician: Water file and development path are not a justification for the government’s silence in
» MP Al-Maliki: US Ambassador's statements lead to more chaos and instability
» Al-Tamimi: Basra Council is working on developing a plan to enhance investment in Iraq
» Planning announces the cancellation of receiving files of contracting companies and contractors and
» Wael Abdel Latif: The Minister of Oil hides what is behind the obstacle
» Türkiye raises the stakes... Baghdad and the region are obliged to remain silent
» US withdrawal from Iraq...the lie of the century
» Parliamentary Legal Committee demands an official Iraqi position against the US Ambassador
» Completion of plans for the largest investment hospital in eastern Iraq
» Is Iraq heading towards printing new paper currency?
» Al-Sudani: Government reform raised tax revenues by 22% in 8 months
» Unemployment rates are rising in Iraq.. Economist: The government has lost young people
» Parliamentarian calls on Sudanese regarding those manipulating state properties
» New figures on the number of foreign visitors arriving in Iraq
» 2025.. The year of reducing pollution and desertification in the country
» Parliamentary Agriculture: The agreement with Türkiye will regulate the file of “shared rivers”
» Ports: Fluidity in trade exchange
» Achievements reach 90% at the entrances of the immersed tunnel in Al-Faw Port
» Clearing the land of the Al-Nebras Petrochemical Project from mines
» Islamic Banks Association: A national electronic payment company contributes to enhancing developmen
» Projects stalling between extinction and treatment
» Oil revenues under the microscope of the Extractive Industries Transparency Authority
» Planning: Cancellation of receiving paper files of contracting companies and contractors and switchi
» Al-Sudani stresses the importance of tax reforms in supporting the non-oil economy
» Continued vacancy.. A complex crisis that is getting more complicated by Halbousi’s fingers and leav
» Can Washington “limit” Tehran’s economic expansion in Iraq? Expert answers - Urgent
» Al-Sudani directs to study the project of establishing the first gas company in eastern Iraq
» What happens after the gas crisis in Iran worsens? Will it affect Iraq? An expert answers
» Cabinet Secretariat: There is no truth to converting self-financing companies to central financing
» Economist points to a “solution” that will “lower” the dollar exchange rate
» Iraq grants work permits to more than 196,000 foreign workers in 5 months
» Economist puts “extortion, bribery and smuggling” as the main causes of dollar exchange rate fluctua
» Al-Sudani: Iraq preceded other countries in the region in introducing artificial intelligence studie
» Economist offers solutions to address the violations of low-income people in public places
» Gas flares poison Basra’s atmosphere…and the concerned authorities are “silent”
» "Iraq's loss is great" .. Arrest of 4 accused of smuggling oil derivatives
» Economist explains the benefit of the “trade exchange platform” and confirms: US Treasury sanctions
» Warning of a financial crisis due to manipulation of budget tables... and a demand to reveal the fac
» Iraqi MPs launch campaign to collect signatures to summon Central Bank Governor to Parliament
» The political crisis continues.. The selection of the parliament speaker is delayed despite intensiv
» Loans to buy houses and cars from TBI Bank.. up to 150 million
» Iraq and Saudi Arabia discuss activating the joint coordination council
» Barzani chairs meeting in Erbil to resolve issue of electing parliament speaker
» Labor announces the launch of full-time appointee salaries
» Iraq shares Kirkuk oil profits with BP. Will it succeed in attracting international companies?
» A year after its approval, the Council of Ministers approves the transfer of “Al-Rashid Camp” to sus
» Economist describes unemployment as a “time bomb” and explains: its continuation is a loss to the na
» Between voluntary and natural oil production cuts... How will Iraq's economy be affected?
» Higher Education announces the results of amending the nomination and accepting students of the prev
» Border Ports Authority: The number of visitors arriving in Iraq exceeded 3 million and 200 thousand
» Oil announces export of liquefied gas from Iraqi ports after increasing its local production
» Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining
» Parliamentary Committee Talks About Iraq-Turkey Agreement, Calls for New Dams
» Trade Bank of Iraq announces details of 4 types of loans for employees
» Ankara denies allegations of ending Turkish military presence in Iraq
» The House of Representatives enters the line.. Relationships provide investment opportunities for a
» Rocky lost internet for 2 days be back around 4 am CST
» Within 14 days, about 3 million foreign visitors entered Iraq
» Iraqi Ports reveals the completion rates of the entrances to the submerged tunnel, one of the projec
» Prime Minister Mohammed Shia Al-Sudani chairs meeting of the Supreme Committee for Artificial Intell
» Parliamentary criticism of the American position on amending the “personal status”
» New mechanism to collect fees for media professionals coming to Iraq
» Parliamentary request for a complaint against the damage caused by oil companies in Basra
» Parliament Presidency: Amending the system clashes with the blocs’ rejection and accusations against
» Here are the dollar prices in the Iraqi stock exchanges
» "Theft of the Century"... Can the trial of the accused "Nour Zuhair" be public?
» Spending more than 10 trillion dinars annually to operate electricity
» utube 8/19/24 MM&C Central Bank of Iraq - WTO - Remove Zeros? - Petr
» utube 8/19/24 What to Expect from the Introduction of New Lower Denomination Notes
» Parliamentary Committee Demands Interior Ministry to Open Investigation into Assault on Health Profe
» Parliamentary Security reveals a 60% increase in “positive communications” across Iraq
» Early elections: a real controversy or an incentive for Al-Sudani’s government?
» Azm: Supporting Al-Mashhadani will help resolve the parliament presidency crisis
» Foreign remittance sales at the Central Bank of Iraq auction increased by nearly 100%
» Al-Sudani identifies the electricity problem in Iraq
» Basra announces the start of the trial operation of the iron and steel plant
» A representative reveals who benefits from the general amnesty law
» Al-Karawi revealed the date for the interrogation of the Central Bank Governor
» Chairman of the Retirement Authority: The rights and entitlements of martyrs’ families are among the
» Industry and Oil discuss prospects for cooperation to advance the national industry
» Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after
» The "vague" Baghdad-Ankara agreements... Will they strengthen the Turkish military presence?
» Prime Minister: The current government has no stalled projects