Dinar Times | Daily Dinar Updates from Dinar Guru on Dinar Chronicles and Dinar Recaps
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog
No Result
View All Result
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog
No Result
View All Result
Dinar Times | Daily Dinar Updates from Dinar Guru on Dinar Chronicles and Dinar Recaps
No Result
View All Result

TNT

March 10, 2020
in Dinar Guru

Harambe: Reuters: OPEC countries lose $500 million a day in oil price crash … Iraq $90 million (+/-) a day. (3/9/20)

Note: Please view interactive chart, Iraq’s oil income is projected to be reduced by $90 million dollars (+/-) a day.

https://fingfx.thomsonreuters.com/gfx/editorcharts/OIL-OPEC/0H001R8FBC7J/index.html

For the most part, oil is a top income source for members of the Organization of the Petroleum

Exporting Countries and such a dramatic fall in prices will put strain on their economies, some of which such as Iran and Venezuela, are already on the brink.

Brent LCOc1 crude futures were down by as much as 31% to $31.02 on Monday, their lowest since mid-February 2016. At that low, prices were down nearly $20 a barrel from a high before the meeting of OPEC and its allies on March 6.

This means that in total, and based on their average February production, OPEC members lost more that $500 billion in revenue, according to Reuters calculations.

Chart: Oil price dive turns up the heat on OPEC finances – https://fingfx.thomsonreuters.com/gfx/editorcharts/OIL-OPEC/0H001R8FBC7L/eikon.png

The losses are a lot more pronounced when compared with the high of $71.75 a barrel that Brent hit in January.

OPEC had been pushing for expanding the existing cuts with its allies, known as OPEC+, by an additional 1.5 million barrels per day to over 3 million bpd until the end of the year. Russia turned the proposal down, causing the collapse of the alliance and the start of a price war over market share.

For some nations, including one the group’s richest members Saudi Arabia, fiscal budget break-even oil prices were already much higher than the oil price before the most recent collapse.

“A $10 a barrel decline in oil prices lowers fiscal revenues by 2-4% of GDP, depending on the country, and fiscal break-even prices are well above current levels for all Gulf Cooperation Council sovereigns,” Jan Friedrich, Head of Middle East and Africa Sovereign Ratings here at Fitch Ratings said.

“However, at least the higher-rated sovereigns, particularly Kuwait, Qatar and Abu Dhabi, have ample buffers, mainly in the form of sovereign wealth funds,” he added.

Interactive Chart: tmsnrt.rs/2TOo7nb

https://reut.rs/2vFHSFH

Cutebwoy:  Bankers hold an important meeting to discuss economic decisions

Banks   Economy News – Baghdad

A number of bankers held a meeting at the headquarters of the Iraqi company to finance small and medium enterprises to discuss a set of economic and banking decisions.

Participated in the meeting, the delegated director of the Iraqi Commercial Bank, Nuri Al-Dubais, the executive director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, and the United Bank Abdul Rahman Al-Sheikhly, the authorized director of the Iraqi Company for Small and Medium Enterprises Financing, Sulaf Hussain, advisor Adnan Chalabi and advisor to the Association of Iraqi Private Banks Khawla Al-Asadi and advisor Hamid Abdal Majeed.

The meeting also discussed, among other things, the Central Bank’s instructions for housing loans and the conditions contained therein.

While they stressed the importance of the Central Bank’s decision on housing loans in addressing the housing crisis and supporting citizens to improve their living conditions.

The meeting also discussed a mechanism for activating bank shares in the Iraq Stock Exchange, in cooperation between banks, the Central Bank and the Securities Commission to prepare a study on this topic.  LINK

*****************

Tishwash:  Protesters from Nasiriyah demand the protection of Iraqi money

Who knows what they are saying  but the sign says it al… and who gave them that sign? hmmmm

ShareTweetShareSendShare

Related Posts

Mnt Goat
Dinar Guru

Mnt Goat

May 17, 2022
MarkZ
Dinar Guru

MarkZ

May 17, 2022
Deepwoods
Dinar Guru

Sandy Ingram

May 17, 2022

Dinar Gurus

Mnt Goat

Mnt Goat

May 17, 2022

MarkZ

MarkZ

May 17, 2022

Deepwoods

Sandy Ingram

May 17, 2022

TNT

TNT

May 17, 2022

Judy Byington

Judy Byington

May 17, 2022

Deepwoods

Iraqi News

May 17, 2022

Read More

Iraq / USA

FEAR REMAINS HIGH IN THE MARKET… INFLATION CONTINUES TO SURGE… CRITICAL UPDATES. Mannarino

FEAR REMAINS HIGH IN THE MARKET… INFLATION CONTINUES TO SURGE… CRITICAL UPDATES. Mannarino

May 17, 2022

What’s Really Causing The Financial Crisis

What’s Really Causing The Financial Crisis

May 17, 2022

Iraq News Urgent Conflict in Iraq That No One is Admitting To Plus I Need Your Help

Iraq News Urgent Conflict in Iraq That No One is Admitting To Plus I Need Your Help

May 17, 2022

Coffee with MarkZ 05/17/2022

Coffee with MarkZ 05/17/2022

May 17, 2022

Read More

Blog

A new financial system aka the quantum financial system QFS

January 30, 2021

Iraqi Dinar News 12/27/20

December 27, 2020

A very happy Merry Christmas from Dinar Times Team

December 25, 2020

Passive Income Opportunity

December 9, 2020

Read More

Videos

FEAR REMAINS HIGH IN THE MARKET… INFLATION CONTINUES TO SURGE… CRITICAL UPDATES. Mannarino
USA

FEAR REMAINS HIGH IN THE MARKET… INFLATION CONTINUES TO SURGE… CRITICAL UPDATES. Mannarino

May 17, 2022
What’s Really Causing The Financial Crisis
USA

What’s Really Causing The Financial Crisis

May 17, 2022
Iraq News Urgent Conflict in Iraq That No One is Admitting To Plus I Need Your Help
USA

Iraq News Urgent Conflict in Iraq That No One is Admitting To Plus I Need Your Help

May 17, 2022
Coffee with MarkZ 05/17/2022
USA

Coffee with MarkZ 05/17/2022

May 17, 2022
Iraqi Dinar update for 05/16/22 – Sadr making threats
USA

Iraqi Dinar update for 05/16/22 – Sadr making threats

May 17, 2022
Teaching & Prayer To Clear Our Paths For Blessings
USA

Teaching & Prayer To Clear Our Paths For Blessings

May 17, 2022
Read More

Cryptocurrency

Iraqi Dinar Exchange Rate/Shibarium Launch Close/Justice Thomas

Iraqi Dinar Exchange Rate/Shibarium Launch Close/Justice Thomas

May 17, 2022

BITCOIN SEEN THIS TWICE | TERRA LUNA’S RESERVES REVEALED

BITCOIN SEEN THIS TWICE | TERRA LUNA’S RESERVES REVEALED

May 16, 2022

HELICOPTER BEN HATES BITCOIN | BINANCE’S PLANS FOR TERRA LUNA

HELICOPTER BEN HATES BITCOIN | BINANCE’S PLANS FOR TERRA LUNA

May 16, 2022

Crypto News: LUNA Collapse, UST, BTC, Bear Market & More!!

Crypto News: LUNA Collapse, UST, BTC, Bear Market & More!!

May 16, 2022

Read More

Dinar

Iraqi Dinar/US Dollar auction results for Tuesday 5-17-2022 executed today 5-16-2022

Iraqi Dinar/US Dollar auction results for Tuesday 5-17-2022 executed today 5-16-2022

May 16, 2022

Iraqi Dinar/US Dollar auction results for Monday 5-16-2022 executed today 5-15-2022

Iraqi Dinar/US Dollar auction results for Monday 5-16-2022 executed today 5-15-2022

May 15, 2022

Iraqi News

Graphics .. America announces the allocation of 140 million dollars to support businesses in Iraq

May 14, 2022

Iraqi Dinar/US Dollar auction results for Sunday 5-15-2022

Iraqi Dinar/US Dollar auction results for Sunday 5-15-2022

May 13, 2022

Read More

Dinar Times is an exclusive website concerning Iraqi Dinar Revaluation, serves with the Iraqi Dinar RV related latest updates which are based on Dinar Guru opinions and reckonings. Along with it we also incorporate the valuable perspectives of our Iraqi Dinar Gurus & Investors in the form of latest Dinar Recaps, Dinar Chronicles and Dinar Intel. Dinar Times also extensively covers USA, Iraq & Global, up to the minute happenings.

LINKS

  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • Blog
  • Dinar News
  • USA
  • Iraq
  • World

BROWSE MORE

DinarDetectives.com

DinarTube.com

Dinar Detectives Forum

NEWS FEED ON

Dinar Times is an exclusive website concerning Iraqi Dinar Revaluation, serves with the Iraqi Dinar RV related latest updates which are based on Dinar Guru opinions and reckonings. Along with it we also incorporate the valuable perspectives of our Iraqi Dinar Gurus & Investors in the form of latest Dinar Recaps, Dinar Chronicles and Dinar Intel. Dinar Times also extensively covers USA, Iraq & Global, up to the minute happenings.

LINKS

BROWSE MORE

DinarDetectives.com

DinarTube.com

NEWS FEED ON

Dinar Times ©. All Rights Reserved

No Result
View All Result
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog

© 2021