Home
May 24 2016
OPEC focusing on market share, not oil price support -Iraq official
LONDON - OPEC is focusing on market share rather than on supporting oil prices, Iraq's OPEC governor said on Tuesday in comments that will dampen expectations that OPEC might agree steps to support prices at a meeting next week.
"After two years, the market is starting to balance but it nearly destroyed many countries," Falah Alamri, Iraq's OPEC governor and head of the State Oil Marketing Organisation (SOMO), said at an Iraq oil conference in London.
The "two years" is a reference to OPEC's meeting in November 2014, when the producers group refused to cut output to support prices.
"Now OPEC focuses on market share, which means they do not want to interfere with the price," Alamri said.
http://www.zawya.com/story/OPEC_focusing_on_market_share_not_oil_price_support_say_Iraqi_official-TR20160524nL9N13700RX3/#utm_source=zawya&utm_medium=web&utm_content=latest-news&utm_campaign=free-homepage
OPEC focusing on market share, not oil price support -Iraq official
LONDON - OPEC is focusing on market share rather than on supporting oil prices, Iraq's OPEC governor said on Tuesday in comments that will dampen expectations that OPEC might agree steps to support prices at a meeting next week.
"After two years, the market is starting to balance but it nearly destroyed many countries," Falah Alamri, Iraq's OPEC governor and head of the State Oil Marketing Organisation (SOMO), said at an Iraq oil conference in London.
The "two years" is a reference to OPEC's meeting in November 2014, when the producers group refused to cut output to support prices.
"Now OPEC focuses on market share, which means they do not want to interfere with the price," Alamri said.
http://www.zawya.com/story/OPEC_focusing_on_market_share_not_oil_price_support_say_Iraqi_official-TR20160524nL9N13700RX3/#utm_source=zawya&utm_medium=web&utm_content=latest-news&utm_campaign=free-homepage
» utube 10/9/24 MM&C Iraq Dinar News-Optimization-Automation-Digital-Schedule Date-Secured Salaries
» IV Fluid Shortage: Hospital Group Asks Federal Government to Declare National Emergency
» utube 10/7/24 MM&C Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court
» Rafidain announces contracting with a specialized company and experts in combating money laundering
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» Parliamentary Oil Committee warns: The region is causing a reduction in Iraqi oil revenues
» MP: Court's comment on the phrase "sovereign" obligates the government and region to end foreign pre
» Iraq continues negotiations with British BP to start developing Kirkuk oil fields
» Iraq is the second largest oil supplier to India in nine months
» The Council of Ministers decides to increase the financial costs of a number of stalled projects
» Association of Banks: More than 600 government institutions adopt electronic payment
» Iraqi oil approaches $80 per barrel
» Electricity: Supply hours are declining for this reason
» Parliamentary Committee stresses the need to continue the school feeding project
» The Central Bank continues the actual implementation of banking reform plans
» World Trade Organization
» Parliamentary report: The government has achieved accomplishments in several files
» Government spokesman: We are continuing our efforts to stop the aggression and we reject the logic o
» The government completes the file to join the "WTO"
» Opening of two residential complexes in Babylon
» Facilitating the procedures for issuing a retirement card in Wasit
» Conducting labor market surveys
» Soon.. Opening of (38) new public transport lines
» Education: Announcement of the imminent elimination of illiterate employees from state institutions
» The Ministry of Interior receives more than (1200) requests within the {Your Plate for Your Home} se
» Baghdad Governorate to {Sabah}: Efforts to resolve the file of violations in the capital
» The Iraqi government rejects the accusations of treason directed at Arab brothers and insulting them
» Analysis of the Iraqi government statement on “Arab brothers”: I felt embarrassed after the threats
» Due to lack of jurisdiction.. Federal Court rejects Parliament’s lawsuit regarding withdrawal of coa
» The regional finance department talks about a deficit of about 305 billion dinars in September salar
» Iraq in the grip of its neighbors.. The absence of defensive means puts it at risk
» Iraqi analyst reveals the secret of Biden's document regarding Iran: 4 points that protect Tehran fr
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» US Embassy Sends Five Warning Letters to Baghdad Within 72 Hours - Urgent
» Iraq's budget breathes a sigh of relief with rising oil prices..may witness other "jumps"
» Iraq adopts prepayment for Turkmen gas supply via Iran
» Rafidain clarifies the Cabinet’s decision to approve the contract with K2 Integrity
» Iraqi Trade Announces Strategic Stockpile and Launches “Hypermarket” Markets in Baghdad
» The countdown begins for the US withdrawal from Iraq.. Will it affect the country's security?
» The spread of drug farms in Iraq... a new threat that exacerbates security concerns!
» Launching a package of medical and social guidelines to raise awareness of the dangers of breast can
» The government approves the issuance of the second amendment to the investment system
» Integrity Commission reveals readiness of the law to recover corruption proceeds
» How did the Federal Court interpret the phrase “fully sovereign” in the Constitution?
» Al-Sudani directs the Tax Reform Committee to write a draft law for the sales tax
» Mawazine News publishes the text of the Cabinet decisions in its second session today
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
» Dollar prices fall in Baghdad stock exchanges
» Al-Sudani Advisor: The Ministry of Finance is preparing the 2025 budget tables
» New Cabinet decisions, including those related to “Iraqis deported” from abroad
» List of dollar exchange rates against the dinar in Iraq today
» Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons
» The Bank of Iraq extends working hours to complete money transfer transactions
» Central Bank Governor: National Bank Lending Strategy Aims to Stimulate and Activate Economy
» utube 10/5/24 MM&C Iraqi Dinar Update - Iraq Dinar News -World Bank - Report - Central Bank Govern
» MM&C 10/6/24 Digital Banks in Iraq
» Kurdistan employees' salaries due to arrive within three days from Baghdad
» Revealing the features of the 2025 budget tables
» Campaign to stop exporting Iraqi oil to Jordan
» Makkah: Climate investment map may be launched within two months
» Trade: Iraq transformed from a wheat importer to an exporter
» "Our Baghdad" is an electronic platform that provides 25 services to citizens
» 40 - 100 million dinars fine for violating vertical construction
» Closure of 400 “unlicensed” tourism companies
» Speculators
» Minister of Trade to Al-Sabah: We are working to achieve food sustainability in Iraq
» Parliamentary Security: Our forces are ready to defend the country
» Iraq mobilizes the world to stop aggression
» Fines for owners of vertical buildings in violation
» Tourism Authority to {Al Sabah}: Concluding agreements with Arab and regional countries
» Prime Minister directs to pursue speculators in the currency market
» Launching the e-shopping service for social protection beneficiaries
» Civil Aviation and Sustainable Resources
» The Ministerial Council recommends adopting a schedule of values and rates of customs duties for m
» The Iraqi government rejects the accusations of treason directed at Arab brothers and insulting them
» The Council of Ministers holds its first regular session, headed by Al-Sudani
» Trade Bank of Iraq addresses Iraqis: Here is the mechanism for donating to Gaza and Lebanon
» BP in talks to invest in 3 oil projects in Iraq
» In the presence of a number of European Union ambassadors.. Minister of Migration chairs an importan
» After Al-Sudani’s message... “Roadmap” for Iraq to avoid the repercussions of Gaza and southern Leba
» American newspaper: The United States will not withdraw from Iraq
» What is the relationship between regional tension and the rise of the dollar in Iraq?
» "Cancellation of Iraqi privileges granted to Jordan" on the table of Parliament next session
» Oil expert to Al-Zawraa: OPEC counts smuggled oil from Iraq as part of its daily production
» Palestinian Ambassador Thanks Iraq for Political, Financial and Humanitarian Support to His Country
» With a $3 million grant… Iraq and the United Nations sign the “Peace and Stability” document in Sinj
» Baghdad Governor reveals population increase and confirms: Explosive budgets will not cover service
» Al-Sudani directs the prosecution of speculators who exploit crises in the region to manipulate the
» The fate of the three-year budget is unclear: most of the allocations have not been spent and Parlia
» Economist calls on government, confirms: Flaring associated gas costs state billions of dollars
» Al-Karkh Investigation Court issues arrest warrant against acting head of the Integrity Commission,
» Emirates resumes flights to Iraq tomorrow
» Water Resources: Basra Pipeline Water Project continues to be implemented at 55%
» Al-Sudani directs the formation of a working group to prepare packages to deal with the economic and
» Government Advisor: Release of 99 billion dinars as a new payment of compensation to Sinjar
» Foreign Minister Fuad Hussein invites his British counterpart to visit Iraq
» What are the reasons for the rise in the dollar price in Iraq? A specialist answers
» How did social media users react to the decision to include household items in the population census