KTFA: Samson: Kurdistan suspends work for 5 days on the occasion of Nowruz holidays
9th March, 2022
Wednesday, the Kurdistan Regional Government announced the suspension of work for 5 days on the occasion of Nowruz holidays.
Kurdistan Regional Government spokesman, Jutiar Adel, said in a brief statement received by Mawazine News, that “on the occasion of the Nowruz holidays, from Sunday 20/3/2022 to Thursday 24/3/2022, there will be an official holiday in all institutions of the Kurdistan Regional Government. LINK
Samson: Oil prices are rising again
10th March, 2022
Oil prices recovered, Thursday, after the UAE said that it is committed to the OPEC + agreement to increase monthly supplies by 400,000 barrels per day.
US West Texas Intermediate crude contracts jumped more than three dollars a barrel shortly after the start of trading, and it was traded up 1.90% at 110.23 dollars a barrel at 110.77 dollars. Brent crude futures rose 3.17% to $114.66 a barrel.
Yesterday, global oil prices recorded their largest decline since the early days of the Corona virus pandemic about two years ago, and Brent crude futures fell by more than 17% during the session before declining 16.84 dollars, or 13.2%, to reach at the settlement of 111.14 dollars a barrel, which is its worst drop in 1 day since April 21, 2020.
US futures also fell $15.44, or 12.5%, at $108.70 a barrel, also their worst day since November. LINK