Home
The collapse of oil prices .. between the Western exploitation of the Saudi role
The collapse of oil prices .. between the Western exploitation of the Saudi role News
Source: Ali Abd al-SalmanSection:
reportsJanuary 2, 2015 8:49
Publishing site "compass" Saudi article reviewed the reasons for the collapse of oil prices in world markets and the role played by Western countries, led by the US and Saudi Arabia, and on her head in this area. According to the article:
For the first time in six years, Brent oil price, which is on the basis of pricing half of the oil produced in the world to below $ sixty per barrel in European commercial transactions, and the impact that continued ruble coin Russia, the largest oil producer in the world, its decline against the dollar and the euro, and went down about 80 rubles to the dollar and 100 rubles to the euro for the first time.
Significant decline in oil prices, adult and damage to the currency, came after a decision by the Organization of Petroleum Exporting Countries meeting of the (OPEC), on November 27, "November", not to cut production, where it has maintained OPEC countries, especially the UK on the production rate An estimated 30.7 million barrels per day, while requiring a return to the past months prices have production ceiling of 29.2 million barrels. In the sense that an increase of 1.5 million barrels to lead to lower prices, according to some analysts said.
In contrast demanded some countries, notably Iran, members of the organization to cut production to get the price of satisfaction "producers", but that Saudi Arabia had refused these proposals, and pumped additional quantities to keep the price of oil at the price that satisfies "consumers."
What for?
At the time I started the harbingers of the collapse of the international system that emerged after the end of the Cold War stage show, and the weaker US and Western role, and the loss of the ability to influence the course of world events, especially those crises generated by the internal conflicts in the Middle East, the Crimea and the region who managed to Russia control it easily. In the past, states abide by general rules, which it can avoid the penalties information, or the threat of them were already ,, but the current situation has shown that all parties are seeking to impose their own projects without one of indifference.
It seemed clear that the Western powers, especially the United States, want to redraw the map of political influence, through the use of oil as a weapon, to influence the Russian and Iranian economy, which leads to undermine the role that they are doing, because of the direct effects of the assumed for a lower price, the expansion in the areas of arms, and support for external parties.
As for the Saudi role in influencing oil prices, it is the role of "functional" can not - mostly - to do something without having "overtones" foreign to him, and that is mainly due to OPEC, which has Saudi strong influence where, no longer as observers only a fragile organization, comprising a group of parties contradict the political and economic goals, and the fact that OPEC's inability, due to shifts that have changed the oil market of vendors market to a buyers market, and through the success of the International Energy Agency, which came to replace OPEC, for the purpose of collective act to cope with the oil crisis.
The internal pressure a major role in influencing the creation of this case, where the oil is my export first of each OPEC countries, and represents a large proportion of its gross domestic product, as well as the size of the revenue, and the state of security and political tension that prevailed in those countries, driven by the export of oil to collect their budgets, spent to meet those challenges.
There are also several natural causes led to the aggravation of the crisis, including increased production of rock and oil sands in the United States and the decline in oil consumption in China, and the high price of the dollar against other major currencies.
It is noteworthy also that the crises faced by the Middle East, and the West imposed sanctions on Russia, was one of the reasons that also helped to lower oil prices.
The point is that economic and political reasons set, combined with each other led to arrive at this situation. Given the Saudi oil market, we find that the UK has the largest oil reserves in the world, if that quantity confirmed an estimated 264 billion barrels, or about 19% of the world's oil reserves, and produces Kingdom about 10 million barrels of crude oil per day, has been playing the Saudi insistence to maintain the level of oil production steady pivotal role in the decline in oil prices, in a dangerous adventure that may leave a big impact on the local economy, especially as oil prices reached to below $ 60 only a barrel, while Saudi Arabia and put their accounts depending on the oil price of approximately of $ 80 in the general budget - which constitutes 90% of the oil and Total Ardadtha-, as reported by some sources.
Where .. after a lower price?
In view of the facts at hand shows that the decline in oil prices will remain constant, to the middle of next year, as the abundance prices will push down further, and this is also due to the unwillingness of the Petroleum Exporting Countries to reduce the level of its production, especially OPEC countries.
On the other hand the political developments in logic may pay about rising oil prices again, especially if the change in the political scene events that could disrupt the entire region, regional or comprehensive Khrob.
It then remains to keep the oil price scenario parallels Saudi enough ,, somewhat less in the case of oil-producing countries remedied the situation, and they made some steps to ensure that.
These developments undoubtedly will leave a negative impact on the current Arab situation, as this has a direct impact on the deterioration of the financial position of the Arab oil, which will push towards more popular unrest, a result of the decline in spending on Abannay infrastructure projects, and to support social welfare networks, and perhaps the decline in oil prices put pressure on political leaders to stop the flow of money out of the politicized.
In the face of these events Etwasy keen on the supreme interest of the country (Saudi Arabia) to the need to mention to the leadership's inability to find a variety of sources of income, and their inability to influence the energy is a real market, which Mazar evident in the waning influence of the Kingdom within the OPEC organization co-founded and led effectively In earlier times, as well as the reference to the policy's failure to create a variety of economies over the past decades, and in spite of the oil revenues flowing at high prices in recent years. Atoasson also calling for the deployment of an equitable distribution of wealth among the sons of the nation claims, and demand that the government transparent in revealing the truth about the financial revenues, and expenditures before Choreh elected bodies
http://burathanews.com/news/256203.html
The collapse of oil prices .. between the Western exploitation of the Saudi role News
Source: Ali Abd al-SalmanSection:
reportsJanuary 2, 2015 8:49
Publishing site "compass" Saudi article reviewed the reasons for the collapse of oil prices in world markets and the role played by Western countries, led by the US and Saudi Arabia, and on her head in this area. According to the article:
For the first time in six years, Brent oil price, which is on the basis of pricing half of the oil produced in the world to below $ sixty per barrel in European commercial transactions, and the impact that continued ruble coin Russia, the largest oil producer in the world, its decline against the dollar and the euro, and went down about 80 rubles to the dollar and 100 rubles to the euro for the first time.
Significant decline in oil prices, adult and damage to the currency, came after a decision by the Organization of Petroleum Exporting Countries meeting of the (OPEC), on November 27, "November", not to cut production, where it has maintained OPEC countries, especially the UK on the production rate An estimated 30.7 million barrels per day, while requiring a return to the past months prices have production ceiling of 29.2 million barrels. In the sense that an increase of 1.5 million barrels to lead to lower prices, according to some analysts said.
In contrast demanded some countries, notably Iran, members of the organization to cut production to get the price of satisfaction "producers", but that Saudi Arabia had refused these proposals, and pumped additional quantities to keep the price of oil at the price that satisfies "consumers."
What for?
At the time I started the harbingers of the collapse of the international system that emerged after the end of the Cold War stage show, and the weaker US and Western role, and the loss of the ability to influence the course of world events, especially those crises generated by the internal conflicts in the Middle East, the Crimea and the region who managed to Russia control it easily. In the past, states abide by general rules, which it can avoid the penalties information, or the threat of them were already ,, but the current situation has shown that all parties are seeking to impose their own projects without one of indifference.
It seemed clear that the Western powers, especially the United States, want to redraw the map of political influence, through the use of oil as a weapon, to influence the Russian and Iranian economy, which leads to undermine the role that they are doing, because of the direct effects of the assumed for a lower price, the expansion in the areas of arms, and support for external parties.
As for the Saudi role in influencing oil prices, it is the role of "functional" can not - mostly - to do something without having "overtones" foreign to him, and that is mainly due to OPEC, which has Saudi strong influence where, no longer as observers only a fragile organization, comprising a group of parties contradict the political and economic goals, and the fact that OPEC's inability, due to shifts that have changed the oil market of vendors market to a buyers market, and through the success of the International Energy Agency, which came to replace OPEC, for the purpose of collective act to cope with the oil crisis.
The internal pressure a major role in influencing the creation of this case, where the oil is my export first of each OPEC countries, and represents a large proportion of its gross domestic product, as well as the size of the revenue, and the state of security and political tension that prevailed in those countries, driven by the export of oil to collect their budgets, spent to meet those challenges.
There are also several natural causes led to the aggravation of the crisis, including increased production of rock and oil sands in the United States and the decline in oil consumption in China, and the high price of the dollar against other major currencies.
It is noteworthy also that the crises faced by the Middle East, and the West imposed sanctions on Russia, was one of the reasons that also helped to lower oil prices.
The point is that economic and political reasons set, combined with each other led to arrive at this situation. Given the Saudi oil market, we find that the UK has the largest oil reserves in the world, if that quantity confirmed an estimated 264 billion barrels, or about 19% of the world's oil reserves, and produces Kingdom about 10 million barrels of crude oil per day, has been playing the Saudi insistence to maintain the level of oil production steady pivotal role in the decline in oil prices, in a dangerous adventure that may leave a big impact on the local economy, especially as oil prices reached to below $ 60 only a barrel, while Saudi Arabia and put their accounts depending on the oil price of approximately of $ 80 in the general budget - which constitutes 90% of the oil and Total Ardadtha-, as reported by some sources.
Where .. after a lower price?
In view of the facts at hand shows that the decline in oil prices will remain constant, to the middle of next year, as the abundance prices will push down further, and this is also due to the unwillingness of the Petroleum Exporting Countries to reduce the level of its production, especially OPEC countries.
On the other hand the political developments in logic may pay about rising oil prices again, especially if the change in the political scene events that could disrupt the entire region, regional or comprehensive Khrob.
It then remains to keep the oil price scenario parallels Saudi enough ,, somewhat less in the case of oil-producing countries remedied the situation, and they made some steps to ensure that.
These developments undoubtedly will leave a negative impact on the current Arab situation, as this has a direct impact on the deterioration of the financial position of the Arab oil, which will push towards more popular unrest, a result of the decline in spending on Abannay infrastructure projects, and to support social welfare networks, and perhaps the decline in oil prices put pressure on political leaders to stop the flow of money out of the politicized.
In the face of these events Etwasy keen on the supreme interest of the country (Saudi Arabia) to the need to mention to the leadership's inability to find a variety of sources of income, and their inability to influence the energy is a real market, which Mazar evident in the waning influence of the Kingdom within the OPEC organization co-founded and led effectively In earlier times, as well as the reference to the policy's failure to create a variety of economies over the past decades, and in spite of the oil revenues flowing at high prices in recent years. Atoasson also calling for the deployment of an equitable distribution of wealth among the sons of the nation claims, and demand that the government transparent in revealing the truth about the financial revenues, and expenditures before Choreh elected bodies
http://burathanews.com/news/256203.html
» The President of Iraq: We face great challenges that require unity and the predominance of the langu
» Al-Sadr: Al-Maliki was tried and did not succeed and the experimenter is not tested and he must publ
» The Iraqi Minister of Transport reveals the existence of a contract to purchase 40 Boeing aircraft t
» Al-Sadr is "surprised" by Al-Maliki's words and talks about the return of "the bonds of affection"
» Al-Sadr reassures America: We will deal with it at all levels
» Al-Sadr reveals the "features of his government" and waving "Al-Ghossa"
» Coordination framework: We will go out to demand the annulment of the election results..and the fact
» Britain controls Iraq's airspace with astronomical sums: 100 million dinars per employee per month
» With the application of the new instructions .. a significant decrease in the sales of the Central B
» Al-Atrushi expresses from Baghdad Kurdistan's readiness to cooperate with the Ministry of Oil
» The Iraqi Stock Exchange is trading shares worth one billion dinars in a week
» Economist: Restructuring Rafidain is part of the state's direction to activate the private sector
» Oil expert: Iraq will enter one billion dollars annually if the price of oil increases by one dollar
» Electricity: 87% of the completion rate of connecting Iraq to the electricity of the Gulf countries
» The Iraqi judiciary issues a summons order against an Iraqi minister and senior officials
» The Iraqi Ministry announces the acceptance of 1000 applicants for a job
» Electricity reveals a “moderate price” for collection fees for energy consumption
» TRANSPORT TALKS ABOUT THE RAILWAY FILE WITH TURKEY AND THE ISSUE OF BUYING PLANES
» THE MINISTRY OF OIL ORGANIZES A NEW LICENSING ROUND FOR THE TRANSFER OF DERIVATIVES
» IRAQ AND THE UAE SIGN AN AGREEMENT TO ENCOURAGE AND PROTECT INVESTMENTS
» Al-Sadr: I am not infallible
» The Syndicate of Journalists receives a copy of the European Union Election Observation Report
» Al-Kazemi invites the new parliamentarians
» The rise of the dollar for fear of raising interest rates
» Al-Kazemi’s advisor: Investment companies will provide services for residential lands within the “Da
» Transportation talks about the port of Al-Faw and reveals the percentage of its achievement
» The Sadrist bloc holds its first meeting, these details
» “The Frame” .. an Iranian attempt to gather its lost allies in Iraq
» Will the energy agreements signed by Iraq be affected by the change of government?
» Sadrist bloc: We will take all legal steps to protect sovereignty
» A winning candidate in the elections talks about the shape of the next government: "a consensus in w
» The President of the Republic recommends objecting to the election results without jeopardizing publ
» Integrity: Recruiting the former Minister of Electricity and officials in the ministry
» The National Union: The position of the President of the Republic is our share
» IHEC: Appeals do not change the election results
» Finance releases employee salaries for the current month
» Without a guarantor.. Al-Rafidain grants 50 million as loans to employees
» A slight increase in the exchange rates of the dollar in the local markets
» The Minister of Wealth comments on the fuel crisis in Kurdistan
» Integrity: Recruiting the former Minister of Electricity and officials in the ministry against the b
» The Ministry of Interior excludes female employees from the decision to extend work in these departm
» The Minister of Justice arrives in Tehran and reveals his agenda
» The Electoral Commission resolves in advance the Federal Court's decision on manual counting!
» Oil: We aim to achieve the highest financial revenues.. and pricing does not depend on daily variabl
» Governmental company: The Ministry of Commerce deliberately impedes the export of our products
» Oil prices are rising to their highest levels
» Al-Rafidain Bank clarifies about loans of 50 million dinars for construction and restoration
» Iran allocates power stations to Iraq exclusively... and Baghdad: We will contract for only five yea
» The outlets announce the adoption of the electronic audit system
» A new government statement on the 2022 budget and oil prices: subject to three factors
» The completion of the Jordanian-Iraqi electrical connection
» Oil: We are committed to the OPEC Plus agreement to achieve the highest financial revenues
» Minister of Water Resources: The Iranian side is not cooperating with us in distributing water, and
» Ambassador Muhammad Jaafar Al-Sadr discusses with the Irish Minister of Trade ways to enhance trade
» Iraq and Saudi Arabia agree to participate in various Iraqi artistic activities in the Riyadh entert
» Abdul-Jabbar assures Latruchi of the importance of working to increase transparency regarding oil ac
» Al-Sadr reassures America: We will deal with it at all levels
» Away from the Sadrists and the law, a movement to form a large bloc of "independents"
» During 2022... Iraq is promised a financial balance caused by oil prices
» Al-Atrushi expresses from Baghdad Kurdistan's readiness to cooperate with the Ministry of Oil
» With the application of the new instructions .. a significant decrease in the sales of the Central B
» The Iraqi Stock Exchange is trading shares worth one billion dinars in a week
» GOVERNMENT FOLLOW-UP OF WATER RELEASES IN THE GOVERNORATES LOCATED ON THE RIVERS
» IRAQ ADOPTS THE ELECTRONIC CHECKING SYSTEM AT BORDER CROSSINGS
» A GOVERNMENT ADVISOR WARNS OF “SERIOUS COLLAPSES” DUE TO THE “OIL GLUT”
» THE MINISTRY OF TRANSPORT DETERMINES THE COMPLETION RATES OF THE FAW PORT
» BAGHDAD CALLS ON KURDISTAN TO EXCHANGE INFORMATION ON OIL ACTIVITY AND ITS REVENUES
» IRAQI EFFORTS TO REHABILITATE AL-AMAYA PORT FOR THE EXPORT OF CRUDE OIL
» IRAQIS SEND A MESSAGE TO POLITICAL LEADERS: CORRECT THE PATH
» Under the patronage of Prime Minister Mustafa Al-Kazemi..the management of the Basra International B
» Minister of Resources: We will not allow governorate quotas to be exceeded
» The Sadrists launch government formation negotiations: We are going through them comfortably
» The number of seats in the blocs and the names of the winners in the final results of the elections
» The “coordinating framework” anticipates the announcement of the final results and announces its com
» The Kurdistan Regional Government responds to al-Abadi: Your statements are an attempt to cover up y
» The Commission: We call for the presentation of evidence with the appeals submitted to the Board of
» A moderate parliament without virtue or wisdom.. War explains again the article related to the large
» Last week, a record rise in Iraq's oil exports to America
» A slight increase in the exchange rates of the dollar in the local markets
» A significant decline in the Central Bank's sales of hard currency .. And the reason?
» Find out the value of the shares traded by the Iraqi Stock Exchange in a week
» Structuring Al-Rafidain..A difference in its feasibility and fears of its causes
» The Commission: We will receive appeals within 3 days of announcing the election results
» Mr. Ammar al-Hakim: It is not acceptable to have a large percentage of the people below the poverty
» Adviser to the Prime Minister explains the reasons for the rise in oil and warns of "serious collaps
» Barzani and the Emir of Qatar discuss the development of bilateral relations and the most important
» The national approach: the commission’s contradictions are additional evidence of fundamental errors
» An increase in Iraq's oil exports to America
» The dollar is stable in Iraq today
» Baghdad asks the region to increase transparency and exchange information on oil activity and its re
» The lives of workers in Iraq are at risk.. more than 580 work injuries within 6 months due to the ab
» The global energy crisis..positive and negative sides to Iraq
» Muqtada al-Sadr: How did the Shiite cleric become a "king maker" in Iraq? - Financial Times
» International ranking: The cost of living in Erbil is 50% cheaper than in Dubai
» Dhi Qar Governor: The investment file is of great interest to the local government
» AN INTERNATIONAL INSTITUTE THAT MONITORS WHAT IRAQ NEEDS TO ACHIEVE FINANCIAL BALANCE
» The Union of Industrialists in Iraq: The Investment, Municipalities and Real Estate Commission is co
» The Pentagon continues "technical" talks about the future presence in Iraq