More Iraqi News Wednesday PM 3-16-22
TLM724 Administrator BondLady’s Corner
OPEC Reveals Its Outlook For The Oil Market For 2022
Economie| 06:33 – 15/03/2022 Baghdad – Mawazine News, “OPEC” maintained its forecast for the growth of global demand for oil in 2022 at 4.2 million barrels per day, but indicated the possibility of revising expectations in light of the geopolitical turmoil.
According to the report of the Organization of the Petroleum Exporting Countries for the month of March, “OPEC” said: “Expectations may change in the coming weeks when there is more clarity about the long-term repercussions of geopolitical turmoil.”
She pointed out that the forecasts of supplies from non-OPEC countries are awaiting revision due to the development of the situation around Ukraine, and the organization said: “These forecasts are under evaluation and will be reviewed and amended in the coming weeks if necessary.”
Previous forecasts indicated a growth in oil supplies from non-OPEC countries in 2022 by 3 million barrels per day. The United States, Russia, Canada, Brazil and Kazakhstan were expected to be the main drivers of growth.
With regard to the situation around Ukraine, the report stated that the development of the situation around Ukraine will lead to a decrease in oil consumption and investment in this sector, with acceleration of inflation and economic uncertainty.
According to the report, in February 2022, the “OPEC” countries increased their oil production by 440,000 barrels per day, amounting to 28.47 million barrels per day. LINK Basra Heavy Crude Drops To More Than $7
Economie| 11:42 – 16/03/2022 Follow-up – Mawazine News, the price of Basra Heavy crude fell, on Wednesday, by more than 7 dollars, to record 94 dollars per barrel.
Basra Heavy crude, exported to Asia, fell $7.03 with a change rate of 6.93%, to reach $94.42 per barrel.
Global oil prices fell to hover around the price of 100 dollars, after it reached during the past week to 139 dollars. Ended 29/N33 LINK
United Nations: We Are Deeply Concerned About The Missile Attack In Erbil
Urged the United Nations, to support Iraqi efforts to promote regional peace and security.
“The Secretary-General is deeply concerned about the missile attack in Erbil,” Farhan Haq, Deputy Spokesman for the Secretary-General of the United Nations, Antonio Guterres, said in a briefing at the United Nations Headquarters in New York, in a statement to the United Nations Mission in Iraq. Iraq’s path to peace and stability.
He renewed his call to all concerned parties to exercise restraint and avoid escalation, urging Iraq’s partners to support Iraqi efforts to promote regional peace and security, in accordance with the principles of sovereignty, territorial integrity and good-neighbourly relations. LINK
Dollar Prices Are Rising Throughout Iraq
Economie Wed, Mar 16 2022 9:16 AM News Center /NNC/
Today, Wednesday, the dollar exchange rates recorded an increase in local markets throughout Iraq.
The network of (National News Center) correspondents monitored the exchange rates according to the exchange shops in Baghdad and other governorates, as they were as follows:
Baghdad Selling 147.750 dinars Purchase 146.750 dinars
North Selling 147.750 dinars Purchase 146.750 dinars
South Selling 147.750 dinars Purchase 146.750 dinars
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