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Tag: Oil Prices

A continuous Decline in Oil Prices after an OPEC Agreement

A continuous Decline in Oil Prices after an OPEC Agreement

On Wednesday, the oil price stabilized after a sudden decline in the previous session. It was supported by an extension of the agreement between OPEC and its allies to cut production, in spite of a fear that demand will be dropped due to a global economic slowdown. The oil prices got support from data pointing a bigger than expected downfall in the U.S crude inventories. Brent crude for September delivery increased 12 cents to $62.52/ barrel or 0.2%. The U.S…

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Financial situation in Iraq is much better due to Oil Prices: Saleh

Financial situation in Iraq is much better due to Oil Prices: Saleh

One of a senior government adviser to the Iraqi Prime Minister Haider Al-Abadi issued a statement about the Iraqi financial situation and foreign loans & debt. The economic adviser to the Iraqi Prime Minister, Muhammad Saleh said in a press statement that the Iraqi government has the ability to handle the financial crisis, deficit problems, debt, and external borrowing. He added that Iraq has been managing its financial crisis by the financial improvement in the budget 2018. It was successfully…

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Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

On Sunday, the financial adviser to the Iraqi Prime Minister, Muhammad Saleh issued a statement that a continuous increase in the global oil prices would compensate Iraq for its massive loss during last 4 years. Saleh said in his statement that oil prices experiencing a continuous rise in the global oil markets and it would handsomely compensate a major portion of Iraqi federal budget. Point to be noted that Iraq experienced most critical condition during last 4 years due to…

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Economic Reforms in Iraq is Much Necessary : Economic Experts

Economic Reforms in Iraq is Much Necessary : Economic Experts

A large number of famous economic and financial experts have predicted about reform package. An expert Dr. Acer Yasin said that most of the Iraqi decision makers are being confused that which decision should be taken at this crucial stage. The oil prices still showing a continuous decline in the global oil markets, it should be considered in preparing the Iraqi general budget 2016. Unemployment rate in Iraq is also a major problem which should be controlled by improving Iraqi…

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Oil Price Sees New High of this Year

Oil Price Sees New High of this Year

Since the beginning of this year, the light American oil and Brent oil recorded at high in the trading. But it didn’t affect in the global oil prices. The oil prices got better when protesters halted the flows of crude oil from the Zueitina oil port in eastern Libya. It also affected the export of the country. Zueitina and some other oil ports in Libya were still exporting oil with the coordination of other ports.  The fighting destroyed most of…

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Oil Prices Get Stable at $ 65.09 Barrel

Oil Prices Get Stable at $ 65.09 Barrel

On Friday, the oil prices are seems stabilized and experts believe that the Brent oil price is expected to rise in the month of June at 22 cents and it will be reached at 65.09 U.S dollars per barrel. According to most of the experts, oil prices would touch their highest level in 2015. But the scene has been changed and it is back on track after the air strikes in Yemen because the security conditions are at critical stage…

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Only Stability in Oil Prices Can Help Achieve Economic Goals

Only Stability in Oil Prices Can Help Achieve Economic Goals

Iraqi Dinar 123 News: – The oil industry is playing an important role in the economic development and national GDP growth with the provision of funds for the development, exploration and production in the oil industry. The most important key element in global oil market prices is OPEC, but there are many other elements that directly or indirectly affect the oil prices. The global economic growth rate is also a major factor to determine the demand and supply globally. The…

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Putting Maximum Efforts to Develop Economic Ties With The Worlds: Jaafar Al Hamdani

Putting Maximum Efforts to Develop Economic Ties With The Worlds: Jaafar Al Hamdani

Iraqi Dinar 123 News:– The ongoing efforts to rebuild the economic sectors are continued and these efforts are offering the people with best parts of the services in order to achieve the goals that are the objectives of Iraqi government. The Chambers of Commerce president Jaafar Al Hamdani said in an interview that “we are building the good relationships with foreign companies this is important for us to sustain the international markets. Nowadays, there is globally downfall in the prices…

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