Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent"
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Follow-up
[rtl]Economist Nabil Al-Marsoumi commented on Monday on the decline in crude oil prices, with the decline in geopolitical tensions in the Middle East.[/rtl]
[rtl]The decree said in a post on Facebook: “Oil is a troublemaker, it rises in wars and falls after the guns fall silent.”[/rtl]
[rtl]Brent crude falls to $72.[/rtl]
[rtl]Oil prices fell more than $3 a barrel in Asian trading on Monday, after an Israeli strike on Iran over the weekend avoided hitting Tehran's oil and nuclear facilities and disrupting energy supplies, easing geopolitical tensions in the Middle East.[/rtl]
[rtl]Brent and U.S. West Texas Intermediate (WTI) crude futures hit their lowest since Oct. 1 at the open. Brent crude was down $3.39, or 4.5 percent, at $72.66 a barrel by 0325 GMT. WTI crude was down $3.28, or 4.6 percent, at $68.50 a barrel, according to Reuters data.[/rtl]
[rtl]Both crudes rose 4 percent last week in volatile trading as markets digested uncertainty over the extent of Israel's response to Iran's Oct. 1 missile attack and next month's U.S. elections.[/rtl]
[rtl]Analysts said the geopolitical risk premium that had built into oil prices in anticipation of an Israeli attack had receded.[/rtl]
[rtl]The limited nature of the strikes, including sparing oil infrastructure, has raised hopes of a path to calming the Middle East hostilities, especially if it becomes clear that Iran will not respond to the attack in the coming days, said Saul Kavonic, an energy analyst at MST Markey.[/rtl]
[rtl]“But despite the volatility in the news of the conflict in the Middle East, the general trend remains towards escalation and the possibility of another round of attacks, leading to higher oil prices, has never been higher,” he added.[/rtl]
[rtl]In October, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, left their oil production policy unchanged, including a plan to start increasing output from December. The group’s joint ministerial committee will meet on Dec. 1 ahead of a full OPEC+ meeting.[/rtl]
Views 29
Added 10/28/2024 - 12:28 PM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Follow-up
[rtl]Economist Nabil Al-Marsoumi commented on Monday on the decline in crude oil prices, with the decline in geopolitical tensions in the Middle East.[/rtl]
[rtl]The decree said in a post on Facebook: “Oil is a troublemaker, it rises in wars and falls after the guns fall silent.”[/rtl]
[rtl]Brent crude falls to $72.[/rtl]
[rtl]Oil prices fell more than $3 a barrel in Asian trading on Monday, after an Israeli strike on Iran over the weekend avoided hitting Tehran's oil and nuclear facilities and disrupting energy supplies, easing geopolitical tensions in the Middle East.[/rtl]
[rtl]Brent and U.S. West Texas Intermediate (WTI) crude futures hit their lowest since Oct. 1 at the open. Brent crude was down $3.39, or 4.5 percent, at $72.66 a barrel by 0325 GMT. WTI crude was down $3.28, or 4.6 percent, at $68.50 a barrel, according to Reuters data.[/rtl]
[rtl]Both crudes rose 4 percent last week in volatile trading as markets digested uncertainty over the extent of Israel's response to Iran's Oct. 1 missile attack and next month's U.S. elections.[/rtl]
[rtl]Analysts said the geopolitical risk premium that had built into oil prices in anticipation of an Israeli attack had receded.[/rtl]
[rtl]The limited nature of the strikes, including sparing oil infrastructure, has raised hopes of a path to calming the Middle East hostilities, especially if it becomes clear that Iran will not respond to the attack in the coming days, said Saul Kavonic, an energy analyst at MST Markey.[/rtl]
[rtl]“But despite the volatility in the news of the conflict in the Middle East, the general trend remains towards escalation and the possibility of another round of attacks, leading to higher oil prices, has never been higher,” he added.[/rtl]
[rtl]In October, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, left their oil production policy unchanged, including a plan to start increasing output from December. The group’s joint ministerial committee will meet on Dec. 1 ahead of a full OPEC+ meeting.[/rtl]
Views 29
Added 10/28/2024 - 12:28 PM
[You must be registered and logged in to see this link.]
Today at 7:03 am by Rocky
» utube 10/26/24 MM&C News Reporting-Iraqi Dinar-Article 140-Budget Tables- Final Accounts
Today at 7:02 am by Rocky
» From Gas Flaring to Production: Iraq Boosts Economic Security with Oil Investment
Today at 6:55 am by Rocky
» Domestic debt hits record $61 billion
Today at 6:54 am by Rocky
» Rafidain: Selling the dollar to travelers at $3,000 and at the official price
Today at 6:51 am by Rocky
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
Today at 6:47 am by Rocky
» Azm: Halbousi's efforts to amend parliament's internal regulations "failed"
Today at 6:45 am by Rocky
» MP identifies negatives of the “one-basket” principle in introducing laws in parliament
Today at 6:43 am by Rocky
» Parliamentary Economy Committee reveals suspicions of corruption in Ministry of Industry contracts
Today at 6:42 am by Rocky
» $266 million in sales of the Central Bank of Iraq in today's auction
Today at 6:40 am by Rocky
» Prime Minister: The government has made the anti-corruption file one of its priorities
Today at 6:38 am by Rocky
» Sudanese Advisor: Development Road Project Will Boost Country's Economy
Today at 6:36 am by Rocky
» Parliamentary Committee: US pressure on Iraq to resume exporting regional oil via Ceyhan
Today at 6:35 am by Rocky
» $2000 became more than 27 million.. "Bitcoin" is the password
Today at 4:46 am by Rocky
» What are the reasons for the recession in the real estate market? An expert expects it to decline
Today at 4:45 am by Rocky
» Dinar recovers locally... hard currency continues to decline
Today at 4:44 am by Rocky
» Al-Lami and Al-Alaq stress the need to combine efforts to prevent corruption and recover its proceed
Today at 4:43 am by Rocky
» The truth about turning off the internet service in western Iraq
Today at 4:42 am by Rocky
» Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent"
Today at 4:41 am by Rocky
» Al-Awadi to Al-Sabah: The government has kept Iraq away from the circle of fire
Today at 4:39 am by Rocky
» 14 questions for displaced people in the population census
Today at 4:38 am by Rocky
» What was achieved in two years?
Today at 4:37 am by Rocky
» Two years of achievements
Today at 4:36 am by Rocky
» Parliamentary Culture Committee reviews the obstacles facing the work of the {Cultural Palaces}
Today at 4:35 am by Rocky
» Al-Sudani: Combating corruption requires coordination between the three authorities
Today at 4:33 am by Rocky
» Trade volume between Iraq and China expected to increase
Today at 4:32 am by Rocky
» Fundamental changes in the real estate market
Today at 4:31 am by Rocky
» Proposal to develop a map for industrial investment and agricultural development
Today at 4:30 am by Rocky
» Iraq's oil exports to America exceed Saudi Arabia
Today at 4:29 am by Rocky
» Iraq officially protests to the United Nations and the Security Council over the Zionist entity’s vi
Today at 4:28 am by Rocky
» The Ministry of Planning stresses the importance of cooperation between governments, institutions an
Today at 4:27 am by Rocky
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
Today at 4:25 am by Rocky
» Integrity and the Central Bank stress the need for concerted efforts of state institutions to preven
Today at 4:24 am by Rocky
» Rafidain Bank explains the mechanism of selling dollars to travelers
Today at 4:23 am by Rocky
» Iraq nears resolution on freedom of expression law amid political, societal controversy
Today at 4:18 am by Rocky
» The world is heading towards discipline after the aggression against Iran.. and the Iraqi forces are
Today at 4:18 am by Rocky
» Oil price uncertainty in 2025 budget threatens new crisis
Today at 4:16 am by Rocky
» Parliament Presidency: The End of Labor or the Birth of Objection?
Today at 4:15 am by Rocky
» Two years after the formation of Al-Sudani's government.. What has it achieved and what has it faile
Today at 4:14 am by Rocky
» “Corruption” fights the spread of “e-governance” in Iraqi departments and ministries
Today at 4:13 am by Rocky
» Oil prices in the 2025 budget... Will they put Iraq in a crisis?
Today at 4:12 am by Rocky
» Prime Minister's Office: Major health projects to be completed this year
Today at 4:10 am by Rocky
» Oil announces signing of contracts for the fifth and sixth supplementary licensing rounds in final f
Today at 4:10 am by Rocky
» Including residential complexes.. Minister of Justice announces the start of contracting procedures
Today at 4:09 am by Rocky
» Maysan announces completion of about 200 projects before the end of this year
Today at 4:08 am by Rocky
» Civil Service Council announces launch of electronic appointment form
Today at 4:06 am by Rocky
» Prime Minister's Advisor: Iraq plays a major role in achieving regional stability
Today at 4:05 am by Rocky
» Opening the door to appointment for those covered by the law on employing holders of higher degrees
Today at 4:03 am by Rocky
» Al-Samarrai: The importance of focusing the amendments to the amnesty law on defining affiliation in
Today at 4:00 am by Rocky
» Alsumaria Newsletter: Parliament fails with the “single basket” and new directives to combat corrupt
Today at 3:58 am by Rocky
» What do you know about the population census questions? This is how the census of the displaced will
Today at 3:57 am by Rocky
» Find out the dollar exchange rates in the Iraqi stock exchanges
Today at 3:55 am by Rocky
» Al-Sudani dismisses 4 members of the Board of Commissioners of the Media and Communications Authorit
Today at 3:54 am by Rocky
» House of Representatives fails to vote on 4 important laws
Today at 3:53 am by Rocky
» utube 10/25/24 MM&C MM&C News Reporting-Iraqi Dinar Recovery being Strong-World Bank Group-IFC-Maj
Yesterday at 9:15 am by Rocky
» MM&C 10/25/24 Parliamentary Integrity: The Central Bank's financial policy is incorrect.. it caused
Yesterday at 9:14 am by Rocky
» utube 10/24/24 MM&C MM&C News Reporting-Iraq-Dinar Update-Oil & Gas-House of Representatives Vote-
Yesterday at 9:13 am by Rocky
» utube 10/25/24 MM&C MM&C News Reporting-Iraq-Dinar Update-Oil & Gas-House of Representatives Vote-
Yesterday at 9:12 am by Rocky
» "Sovereignty" reminds Al-Sudani's government of what remains of the political agreement paper: 5 poi
Yesterday at 5:18 am by Rocky
» For the first time since June 2023.. The Central Bank of Iraq reduces the interest rate
Yesterday at 5:16 am by Rocky
» "Hybrid Monetary Policy".. Al-Sudani's Advisor Reveals the Central Bank's New Step
Yesterday at 5:14 am by Rocky
» Economist: Lowering interest rates encourages investment but carries caveats
Yesterday at 5:13 am by Rocky
» Accusations between Kurdish parties of electoral fraud... and the Democratic Party considers it blac
Yesterday at 5:11 am by Rocky
» Parliamentary Committee Submits Freedom of Expression Law to Parliament Presidency for Voting
Yesterday at 5:08 am by Rocky
» To pass important legislation, Parliament is moving towards extending its legislative term for 30 da
Yesterday at 5:07 am by Rocky
» The Minister of Interior issues a set of directives to security checkpoints
Yesterday at 5:06 am by Rocky
» Al-Lami confirms that the compass is directed towards Al-Mashhadani to be the Speaker of Parliament
Yesterday at 5:05 am by Rocky
» Al-Sudani approves the financial contract for lecturers of the Third Rusafa Education Department
Yesterday at 5:04 am by Rocky
» MP: America is waging an economic war against Iraq
Yesterday at 5:03 am by Rocky
» A leader in the Coordination Framework calls on the government to take a firm stance towards the vio
Yesterday at 5:02 am by Rocky
» The Legal Committee intends to hold a meeting to put the final touches on three laws.
Yesterday at 5:01 am by Rocky
» Congo President: BRICS Summit in Kazan Will Determine Future of World
Yesterday at 4:57 am by Rocky
» 237 thousand barrels per day, Iraq's oil exports to America
Yesterday at 4:56 am by Rocky
» Today.. Voting on 4 important laws
Yesterday at 4:54 am by Rocky
» Education denies opening a window for admission to postgraduate studies at private universities
Yesterday at 4:53 am by Rocky
» 23 new e-services
Yesterday at 4:52 am by Rocky
» Al-Awadi to Al-Sabah: The government has kept Iraq away from the circle of fire
Yesterday at 4:50 am by Rocky
» Najaf succeeds in introducing advanced technologies for growing barley
Yesterday at 4:49 am by Rocky
» Training 400 young men and women in {Riyada} in Kirkuk
Yesterday at 4:48 am by Rocky
» Education: Great turnout for cybersecurity department in vocational schools
Yesterday at 4:47 am by Rocky
» Joint Government Committee for Peripheral Areas Projects
Yesterday at 4:45 am by Rocky
» The service addresses the Ministry of Finance to employ the first and holders of higher degrees
Yesterday at 4:44 am by Rocky
» Twinning between private and foreign universities
Yesterday at 4:42 am by Rocky
» Today's newspapers are interested in the Israeli aggression against Iran and Iraq's position calling
Yesterday at 4:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in 46 branches in Bag
Yesterday at 4:38 am by Rocky
» Iraq's oil exports to America rose last week
Yesterday at 4:37 am by Rocky
» The Minister of Interior issues a set of directives to the checkpoints in Baghdad and the provinces
Yesterday at 4:34 am by Rocky
» General amnesty, personal status and real estate.. MP says: Disagreements continue in today's sessio
Yesterday at 4:33 am by Rocky
» 3 stages took 40 minutes and the target was missile platforms near the Iraqi border
Yesterday at 4:31 am by Rocky
» Hadi al-Amiri holds the Americans responsible for the violation of Iraqi airspace by Israel
Yesterday at 4:30 am by Rocky
» Revealing huge material losses to Iraq as a result of the Israeli bombing of Iran
Yesterday at 4:28 am by Rocky
» Combating Money Laundering.. Why doesn't Iraq establish a Financial Intelligence Unit? - Urgent
Yesterday at 4:27 am by Rocky
» Parliamentary Health: Drug trade has become popular in Iraq
Yesterday at 4:24 am by Rocky
» Al-Sudani: The government has placed education at the top of its priorities
Yesterday at 4:22 am by Rocky
» Former MP: The decision to decide the parliament presidency is in the hands of Al-Maliki and Al-Khaz
Yesterday at 4:18 am by Rocky
» Including extracting the document and map remotely.. 23 electronic services for the justice departme
Yesterday at 4:16 am by Rocky
» House of Representatives holds an "important" session today.. 4 "fateful" laws on the table
Yesterday at 4:11 am by Rocky
» Dollar exchange rates in Iraq this morning, Sunday
Yesterday at 4:10 am by Rocky
» MP: Parliament Speaker Election Session Postponed, Majority Heads to Support Al-Mashhadani
Sat 26 Oct 2024, 5:00 am by Rocky