Negative expectations for OPEC will be painful for Iraq in the coming months
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Negative expectations for OPEC will be painful for Iraq in the coming months

10/27/2020
Economy News _ Baghdad
A report issued by the Organization of Arab Petroleum Exporting Countries (OAPEC) stated that the monthly average price of the OPEC basket decreased to $ 40.62 a barrel during the month of October 2020.
The report stated, "The latest preliminary estimates of" OPEC "indicate a decrease in the monthly average price of its basket of raw materials to $ 40.62 a barrel during the month of October 2020. A decrease of about 2.2% compared to the previous month.
It added, "It is expected that the annual average price of the OPEC basket of crudes will decline in 2020 to $ 40.62 a barrel, which is an average less than $ 23.4 per barrel, or 36.6%, compared to 2019."
The report pointed out, “The reason for the decline in oil is the increase in the number of daily infections with the new Corona virus worldwide, which has led to the imposition of more stringent restrictions and a return to partial closure and total isolation, as oil prices have been negatively affected by the growing investor concerns about the oil supply glut against the backdrop of the announcement of the National Corporation. In Libya, the state of force majeure has increased in all oil fields, and it is expected that production will be more than one million by the end of November.
With this estimate, the average price of a barrel of Iraqi oil will be around $ 38 a barrel, as it is less than two dollars a barrel.
https://economy-news.net/content.php?id=22418
RamblerNash- GURU HUNTER
- Posts : 24114
Join date : 2015-02-19

» An international rating that reflects a view that is contrary to expectations and a negative one about the fiscal deficit and the economy in Iraq
» Iraq has no expectations about OPEC+ supply boost, Oil Minister says
» OPEC + records the largest production gain in 7 months, and Iraq's commitment exceeds 119%
» Inflation rates in Iraq will rise in the coming months
» Iraq is preparing to hold the "OPEC 2020" conference in Baghdad
» Iraq has no expectations about OPEC+ supply boost, Oil Minister says
» OPEC + records the largest production gain in 7 months, and Iraq's commitment exceeds 119%
» Inflation rates in Iraq will rise in the coming months
» Iraq is preparing to hold the "OPEC 2020" conference in Baghdad
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» CHAT
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Fitch announces the credit rating of Iraqi Islamic banks
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes
» Presidential elections: no PUK-KDP agreement yet
» Al-Maliki: PMF members are "a whole nation of Jihadists"
» MP warns of strife following al-Maliki's leaked recordings
» USD/IQD closes slightly higher in Baghdad
» Iraq proposes the establishment of the Middle East Bank for Development and Integration
» Al-Kazemi: World Bank indicators confirm that Iraq has passed the economic crisis in a very short time
» Some of them are negative.. 4 effects of the decline of the euro on the Iraqi economy
» The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance
» Our economy and stagflation in the global economy
» Experts: Turkey is preparing to cut 56 percent of the Tigris supply by building the Jazra Dam
» Al-Nusairi: Sustainable development in Iraq is achieved by strategic economic agreements with brotherly and friendly countries
» Euro reaches parity with dollar for the first time in 20 years
» Forex-US dollar notches in Baghdad