Specialist OPEC’s comments hint at the role of Iraqis in lower oil prices

Specialist OPEC’s comments hint at the role of Iraqis in lower oil prices

Description competent economic lion Mohammed Ali OPEC comments about Tjsn affairs in oil prices due to lower production from Iraq for technical reasons Palmdill

Mr Mohamed Ali in a statement to the news agency public opinion (and babysit) that these statements designed to put Iraq in the site or co-accused in the drop in oil prices due to increased exports and that prices rebounded after falling

He pointed out that the daily surplus in the oil market up to three million barrels per day, while Iraq’s exports are all a little more than the 3 million and that the size of the increase from last year up to 300 000 barrels a ten changes in the supply increase

He stressed that these statements intended to cover up the Saudi and the US role in the manipulation of global markets to reduce the pressure unit

Which imposed by the Petroleum Exporting Countries to damage their interests because of the deterioration of prices.

And decreased production (OPEC) of oil in the past month of August, due to disruptions in the pipeline in northern Iraq, the second largest producer of the Organization, according to a Reuters survey.

http://alrayy.com/151754.htm

Oil extends losses with a weak outlook for the global economy

Thursday, 03 September, 2015

On Wednesday, after the purer concern for the global economy continued fears of oversupply for a longer period than expected.And undermined the data on the manufacturing sector in China and the United States and Europe, global stock markets, analysts said an increase larger than expected in US stocks and weak US manufacturing industries adversely impact on sentiment in the oil market.

The decline in prices on Wednesday after the US and London Brent crude losses on Tuesday, which amounted to eight percent and ended the rally of 25 percent over three sessions in the biggest gain of its kind since 1990.

And went down in October Brent crude contracts for 75 cents to $ 48.81 a barrel by 0915 GMT.

US crude fell to $ 44.41 dollars a barrel.

Oil prices fell after data from the American Petroleum Institute on Tuesday, crude oil stocks in the United States 7.6 million barrels to 456.9 million barrels in the week ending showed on August 28.

Analysts polled by Reuters had expected inventories to increase by 32 thousand barrels only.

Analysts had predicted the stability of markets until the US Energy Information Administration issued official statements of the stock in later in the day.

http://alrayy.com/151668.htm

Expert: officials statements on increasing Iraq's oil production has led to the deterioration of oil prices in OPEC

9/4/15


BAGHDAD / Sky Press: called economic expert Abdul Hassan al-Shammari, Thursday, the government to conclude an agreement with a group OPEC countries to reduce oil production to create a balance between supply and demand in the oil, adding that some politicians "irresponsible" on increasing Iraq's oil production has led to comments the deterioration of oil prices in OPEC.

Al-Shammari said for "Sky Press," that "world oil prices trending downward due to increased supply by the OPEC countries, where Saudi Arabia clique that narrowly holds on Iraq and Iran share a day produces about ten and a half million barrels."

He added that "some irresponsible politicians, which is against the Iraqi economy on increasing Iraq's oil production to significant levels remarks make a lot of countries increase oil production, which led to oversupply and thus make oil prices and deteriorating continuously."

He called the economic expert, the oil ministry to "an agreement with the Organization of Petroleum Exporting countries for the purpose of reducing oil production to create a balance between supply and demand to increase the price of oil."

Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.

Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.


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