Home
Oil prices forecast to stay away from price booms
20/12/2016 0:00
[rtl]BAGHDAD / Imad emirate
encouraged the recent agreement between the Organization of «OPEC» members of theprivate reducing production on the rise in oil prices from the low prices recorded during the last two years, while increasing hopes for the stability of oil prices and thepersistence of some acceptable rates after consultations between OECD countries and Russia , which satisfied the need to reduce oil production rates, according to an economist, all this will lead to a quick spikes in oil prices in the near term.
Economic expert , Dr. Ahmed Abrihi predicted oil prices remain low despite the countries «OPEC» agreement with some coordination with the Petroleum Exporting Countries outside of «OPEC», particularly
Russia.
Increased production
and added Abrihi in an interview for »morning» in spite of all these efforts have been far from the high price of mutations that occurred in known for years and continued to mid - 2008 prices, accompanied by the growing potential of oil production from outside the Organization «OPEC» with low total demand from countries Organisation for economic co-operation and development , and these constitute the pressure on price, but on the other hand , and despite the relative decline of oil prices in the total energy, the most promising Asian countries and the whole developing countries open up new horizons compensate shrinking market in the OECD countries ,
economic.
Expectations and speculation
Abrihi stressed that the global oil market now represents the interaction between supply and demand, price and inventories and expectations and speculation and other factors that are contrary to the accepted interpretation of patterns in price movements and predict
them.
He continued, it is known that the commodity prices are generally characterized by fluctuations and their relationship to costs is not a court Industrial like commodities, added to that property that the oil market is subject to many governments and international groups policies by consumption , such as economic cooperation and the European Union and the United States and China organization, and in the production side and presentation are no decisions to big producers have a role in determining the quantities
and prices.
Supply and demand
and added, recently entered the United States strongly to influence the supply side as well as its policies on the part of the demand with what progress we can say that oil has become a logistic pretty much the various parties trying to intervene within the market mechanism and not a substitute
Anha.abreha said: oil prices were determined by the major companies in the era of colonialism , which then serves as an internal prices in the vertical integration system, and began a new era since the issuance of Law No. 80 and the establishment of the Organization of petroleum exporting countries found not Htram the sovereignty of states over their natural resources confirmed by UN resolution 1803 in 1962.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=128435[/rtl]
» Electricity: Citizens will pay wages through electronic payment tools
» The Iraqi Center for Radiation Protection confirms that America used uranium during the invasion of
» Water Resources announces the full realization of the 'weaning flag'
» Sources: Iraq is living in an atmosphere of anticipation, and the Sudanese is seeking to contain the
» The Central Bank announces "liberating the dollar from restrictions": the difference between the off
» The government receives a study on building a nuclear reactor
» The Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to
» The dollar is heading to record the second quarterly loss in a row
» Parliament decision: Parliamentary Finance will receive the budget early next week and approve it wi
» Half-year" .. the deficit and oil swing the budget and the government speeds up the parliament
» The Minister of Labor calls on Parliament to expedite the vote on the retirement and social security
» The Border Ports Authority announces the completion of the sonar network link between the Munthiriya
» Government orientation to activate mass transit
» Minister of Electricity: There is no going back on dealing with taxation and holding accountable the
» The national-democratic dispute “deepens more.” Surgi: We have no representative in the negotiating
» Al-Maliki: The retirement law will be subject to the government's vision before it is voted on in pa
» Qaani arrives in Iraq to hold a number of meetings
» The Minister of Planning is discussing with the regional director of the International Monetary Fund
» Gallup recalls the memories of the Iraqis... 20 years after the American invasion, is life better to
» In numbers.. The Minister of Health details health insurance privileges and identifies those covered
» Central Bank: New packages will be launched to facilitate merchants' access to dollars
» Disclosure of the size of the region's debts after stopping oil exports
» A political source talks about the possibility of the Sunni Sovereignty Alliance boycotting parliame
» Independent Deputy: A Kurdish company acquires most of the major projects in Iraq
» What did the foreign minister discuss with the Russian ambassador in Iraq?
» The Kurdish Movement for Change reveals the main points of disagreement between Baghdad and Erbil re
» Three "major" reasons push Al-Sudani to extend the plan to impose law in Diyala
» Al-Azm calls on the Presidency of Parliament to expedite the transfer of the budget to the Finance C
» Minister of Immigration: The Sudanese is committed to the law, and the stage of political stability
» After what was published by "Baghdad Today"...a deputy provides the Public Prosecution and Integrity
» He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting
» The Kurdistan delegation fails in agreement with Baghdad.. and the suspension of oil exports may be
» Hosted by 3 personalities.. Parliamentary readiness to open all Najaf airport files
» In numbers, the Minister of Planning details the 2023 budget and the percentage of repayment of inte
» Oil prices record a new low... Brent stands at $79
» China's involvement in the Iraqi economy between occupation and benefits
» The Minister of Electricity threatens manipulators to read the meters: deterrent measures to avoid t
» Under the direction of His Excellency the Minister … the Administrative Undersecretary of the Minist
» Oil negotiations falter between Baghdad and Erbil, and the Norwegian company stops its production fr
» Minister of Health: The employee will pay 1% of his salary for health insurance
» In the document .. Al-Halbousi gives himself a regular leave for 15 days
» Al-Rafidain: an advance of 25 million dinars for employees, guaranteed by the Master Card
» Parliamentary Committee: Obstructing the approval of the budget completely paralyzes the economic se
» Deputy for the State of Law: A group calling itself "revolutionaries" threatened to kill me
» Minister of Electricity: We are proceeding with the steps of electronic transformation and the smart
» 30 accused of monopolizing foodstuffs and manipulating prices were arrested
» Parliamentary calls to expedite the inclusion of the 2023 budget on the parliament's agenda
» Representative Briar Rashid is likely to cancel the parliament session on amending the election law
» The Central Bank of Iraq identifies the reasons for the gradual decline in the dollar exchange rate
» A new clarification from the Rafidain Bank regarding the advance of 25 million
» An American perception.. The budget agreement is invalid after 2023, and the solution is to establis
» MilitiaMan and Crew:Capital Movement - Currency- CBI - Platforms 3-30-2023
» Judy, MilitiaMan and more....Thursday AM 3-30-2023
» The Ministry of Oil announces the distribution of 990 appointees to the oil companies
» The national-democratic dispute "deepens more." And Surji: We have no representative in the negotiat
» During 240 sessions...an expert shows the volume of dollar sales required to implement the 2023 budg
» Oil: Distribution of appointees to the companies and formations of the Ministry
» The Minister of Planning is discussing with the regional director of the International Monetary Fund
» Al-Marsoumi to / NINA /: The upcoming budget taxes will raise the inflation rate in the country
» Al-Fateh: International arbitration strengthened Baghdad's oil decision and gave Al-Sudani the power
» Iraq faces pollution with 90 plans
» The Cabinet Secretariat reveals the recommendations of a governmental committee to confront the prob
» A new move by the Investment Authority with the Korean company regarding Bismayah apartments
» Al-Sudani discusses with the representative of the International Monetary Fund the government's plan
» Iraq is moving towards establishing new cities to solve the housing crisis in Baghdad and the provin
» An economist is likely to continue declining the dollar exchange rate
» After passing the "St. Lego" law..a deputy reveals a parliamentary approach to approve the budget
» Russia is calling on Iraq to open its airspace to its planes heading to Syria.. What is the relation
» Wholesale market prices in Baghdad under the microscope
» Iraq and the UAE are holding talks regarding the extradition of wanted persons and the recovery of f
» Iraq and the IMF are discussing the financial and administrative reforms adopted by the government
» An American center that evaluates the results and repercussions of international arbitration over Ku
» The Prime Minister meets the representative of the International Monetary Fund.. This is the most im
» What is the truth about the central bank’s intention to sell the dollar at the official rate to all
» KTFA Wednesday Night CC with Frank26 "K.I.S.S." 3-29-2023
» Parliamentary Defense: The decision to end the mandate for the war on Iraq will contribute to streng
» The dollar opened at a new low in the Iraqi Stock Exchange today
» Trade talks about pumping “large” quantities of food supplies and the Ramadan basket
» A specialized Iraqi center: taxes and fees in the 2023 budget on gasoline and kerosene sold to citiz
» The Central Bank of Iraq sets measures to support the dinar and comments on the drop in exchange rat
» Parliamentary Finance: Amendment to the sections of the budget and these segments are not affected
» Al-Maliki: The retirement law will be subject to the government's vision before it is voted on in pa
» Al-Saadi: Oil revenues will not cover the size of the budget, especially the investment
» Parliamentarian: Baghdad is now imposing its conditions on Türkiye and Kurdistan in exporting oil
» The framework announces the end of the investigation with 20% of Al-Kazemi’s corruption files
» Chihoud: The political blocs will nominate replacements for the dismissed ministers and governors
» Kurdistan delegation returns with hidden nostalgia..Baghdad ignores Erbil's oil requests
» Finance approves the appointment of 150 permanent staff in Anbar Health
» Identify 4 measures to support the strength of the Iraqi dinar
» Expectations of announcing a Sunni political map outside the borders of the Halbousi dictatorship
» Al-Fateh: International arbitration strengthened Baghdad's oil decision and gave Al-Sudanese the pow
» The final nail in his coffin.. Al-Halbousi is wrestling with his party leaders over the distribution
» The Minister of Construction is discussing with a delegation from the World Bank the support of road
» An economic center warns of government decisions to raise fuel prices within the 2023 budget
» Representative agriculture: Turkey's water releases are a temporary tactic to pacify Iraq
» Parliamentary action on political leaders to legislate a law before submitting it to Parliament
» The National: Baghdad is seeking an agreement with the region to resume oil exports at full capacity
» Parliamentary Human Rights talks about the imminent enactment of three important laws