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Tag: Oil Prices

Low Oil Prices Have Made Economic Stability Dream Difficult

Low Oil Prices Have Made Economic Stability Dream Difficult

Iraqi Dinar 123 News:– International Monetary Fund discussed the falling trend towards oil prices, Along with this Mohammed Jawad accept finance minister Hoshyar Zebari, Political, economic, and Security plans to organize the programs in the coming days and especially 2015 budget. The debate on the Iraq budget was also taken place and it was discussed that how to bring out the best possibilities to ensure the best parts of the services. Zebari said, we are looking into consideration the annual…

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Oil Prices Rises A Bit And Gold Dips

Oil Prices Rises A Bit And Gold Dips

Iraqi Dinar 123:– It was announced by the economic media center that the oil prices had gone up which was due to the decline in the price of gold. Connection or no connection both oil and gold price are interconnected and a dip in one is due to the rise in the other and vice versa. How ever the dropping of the oil prices results in the boost of the currency especially the dollar. The consumption of crude oil is…

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Low Oil Prices and Iraq’s Economic Problems

Low Oil Prices and Iraq’s Economic Problems

Iraqi Dinar 123 News:– According to Iraqi finance minister: Iraq is facing many financial hardships in these days because of low oil prices in the international market are affecting Iraq exports revenue In this situation, major role of government departments of Iraq which are using Iraqi funds and increase their expenses. This is a wakeup time of government organizations in Iraq for minimize their expenses and participation in the development of Iraqi economy. Experts say increase in investment projects and…

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Lower Oil Prices to Help Private Sector

Lower Oil Prices to Help Private Sector

Iraqi Dinar 123 News :- The government has decided to lower the prices of oil to help in engaging the private sector for the well being of the country. The government has been thinking about taking this decision but because Iraq has been struggling since long so it may not be a good decision. Financial experts advised against this and it is a good idea not to lower the oil prices because the economy of Iraq is already suffering and…

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Oil Prices High Again After Dip

Oil Prices High Again After Dip

Iraqi Dinar 123 News :- The price of oil keeps fluctuating. The fluctuation in the price of oil affects globally. The price of Brent crude oil went up by two dollars a barrel. This was a hike in the price after a three week dip. It has been facing the different issues of fluctuation in the price but now it has reached $ 80 per barrel. Crude oil has reached the 80 dollar mark but the price of Brent oil…

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Declining Oil Prices and Its Impact on Iraq’s Economy

Declining Oil Prices and Its Impact on Iraq’s Economy

Iraqi Dinar 123 News:– It has been predicted that the price of oil for each barrel would be $80 at the least. The government is mainly depending on the sale of oil and if it drops further low, it would cause a lot of trouble for the economic sector of the country. The government would depend on the price of oil that would hit the global market and it would help in providing and managing the different things that include…

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Stable Oil Prices and Its Impact on Economy

Stable Oil Prices and Its Impact on Economy

Iraqi Dinar 123 News :- The stability of oil prices is a big issue with most countries. Oil is needed by all and they need it because every industry is run on oil. Iraq has large oil reserves which need to be utilized with a better system of management. Due to the instable conditions of Iraq the management needs to handle things in a better way. The IMF said that they need permission for the global system of management which…

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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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