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Iraqi Oil Ministry announced Total Crude Oil Exported in August 2019

Iraqi Oil Ministry announced Total Crude Oil Exported in August 2019

The Iraqi Oil Ministry issued a statement showing the total quantities of crude oil exported for the month of August from the oil fields in central and southern Iraq. A spokesman for the Ministry, Asim Jihad said in a statement that the total amount of crude oil exported in August was calculated at 107 million and 520 thousand and 44 barrels. He added the exported crude oil from the Kirkuk fields through the port of Ceyhan was amounted to 3…

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Factors that Turned Mighty Iraqi Dinar into Paper Napkin

Factors that Turned Mighty Iraqi Dinar into Paper Napkin

The global oil markets have faced a major downfall in the prices of crude oil which caused financial and economic crisis in a number of countries. Iraqi officials issued a statement about Gulf States that Saudi Arabia is looking behind the failure of winning the oil prices and economically targeted Iraq. It is also important that the exchange rate value of Iraqi dinar against the U.S dollar was 2.8 U.S dollars per Iraqi dinar during Sixties of the last century….

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Price of Brent Crude Oil Lowers But Increases In Asia

Price of Brent Crude Oil Lowers But Increases In Asia

It was recorded that the price of Brent crude oil went down and on Friday it was announced that the prices reached their lowest levels since after the dip in the year 2009. The oil prices went down and the handling of data included the handling of investors along with re-investors position. The price of the oil went lower than what it had ever been in the past five years. The lowering of the price affected the largest oil exporting…

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Crude Oil Demands Go Down

Crude Oil Demands Go Down

Iraqi Dinar 123 News:– It was shown according to a survey that the demand for crude oil is expected to go down during the coming year. The OPEC expects that during the year 2015 the usage of crude oil would lower and it would go down. According to the monthly report of the Petroleum Exporting Countries the demand for the raw materials would also be reduced in the coming year. It was reported that the fall of the oil would…

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Price of Brent Crude Oil Falls

Price of Brent Crude Oil Falls

Iraqi Dinar 123 News :- Brent Crude Oil is a good production and its imports are good for Iraq. It was announced on Friday, 10th October that the price of the Brent crude oil went down. It went down by two dollars per barrel and the price per barrel went down to $ 89. This price has been the lowest since what it has been in since the year 2010. The continuous decline in the price had been happening since…

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Stable Production of Brent and Declining Prices

Stable Production of Brent and Declining Prices

Iraqi Dinar 123 News:– The stability of the production of Brent at $104 was helpful in several ways. Brent crude oil has been handling the different things for the betterment of the demand and supply through out the world. There are several people who think that Brent crude oil is not too useful. The Brent crude oil tried for the third consecutive time, the session of $104 per barrel was announced this Tuesday. The political tension going along since long…

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The Impact of Poor Law And Order Situation at The Economy of Iraq

The Impact of Poor Law And Order Situation at The Economy of Iraq

Iraqi Dinar 123 News:– The crude oil is the backbone of the economy of Iraq. More than 90% of Iraq economy is depended on the production and export of crude oil in the international market. Unfortunately, Iraq could not balance between oil and non oil sector of Iraq. Now the attacks on major cities of Iraq destroyed the oil industry of Iraq badly and the oil production and export of Iraq is almost half in the international market. Kirkuk, one…

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The Oil Exports Rise in May

The Oil Exports Rise in May

Iraqi Dinar 123 News:– Despite of the poor law and order situation in Iraq in March 2014, the oil export of Iraq increased in the international market. the violence in Iraq in the month of March was at peak that destroyed most of the pipeline of crude oil that made inactive many supply lines. The average crude oil sales were reported at 3.25 as compare to 3.2 million barrels per day. In fact May was so productive month for Iraq…

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