Zig’s Place Chatroom News Tuesday AM 7-20-21
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Butterfly After a decline.. a rise in the world oil price
Tuesday 20 July 2021………..Oil prices stabilized today, Tuesday, after dropping about 7% in the previous session, in light of a broader decline in the market, driven by concerns about the rise in Covid-19 infections, which comes at a time when producers reached a new agreement on supplies. Brent crude gained 70 cents, or 1%, to $69.32 a barrel.
The US crude contract for August delivery, which expires later today, rose 86 cents, or 1.3 percent, to $67.28 a barrel. And US crude for September delivery rose about 1.2 percent to $67.14 a barrel.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, reached a compromise on Sunday to raise production.
The OPEC+ deal removes more supply constraints that have been supporting the market for a year. OPEC + keeps about 5.8 million barrels per day of crude out of the market, a number that will drop to two million barrels per day by the end of 2021.
butterfly Alia Nassif to / Nina /: The American withdrawal can only be achieved by the unity of the national decision
Tuesday 20 July 2021….Member of Parliament, Alia Nassif, confirmed that the US withdrawal from the country can only be achieved by the unity of the national decision among all.
She told the National Iraqi News Agency ( NINA ) that: Withdrawing the US forces is a national duty that requires unity of opinion and not to compromise between the active political forces in Iraq and all the components in the country.
Nassif added: Today, there are some partners who support the American presence to achieve special interests at the expense of the homeland.
And she stressed that the strategic dialogue and its continuation with the next visit will not achieve the withdrawal except with the unity of the Iraqi decision towards the American presence.
Prime Minister Mustafa Al-Kazemi is scheduled to meet with US President Joe Biden on the 26th of this month in the capital, Washington.
butterfly The United States renews its support for Iraq to build a stable and peaceful future
Tuesday 20 July 2021………….The United States of America renewed its support for Iraq to build a stable and peaceful future and the lasting defeat of ISIS.
The embassy stated on its website that: The United States expresses its deep sadness over the horrific attack that took place yesterday in Baghdad, stressing its strong condemnation of everything that spoils the atmosphere of the blessed Eid al-Adha with this cowardly terrorist act.
It renewed its continued support for its Iraqi partners as they seek to build a stable and peaceful future, and a lasting defeat for ISIS.
butterfly Sheikh Janki calls for maintaining the security and safety of the Kurdistan region and the city of Sulaymaniyah and supporting the Patriotic Union of Kurdistan / expanded
Tuesday 20 July 2021 ……………The co-chair of the Patriotic Union of Kurdistan, Lahore Sheikh Janki, called for maintaining the security and safety of the Kurdistan region and the city of Sulaymaniyah and activating the unremitting efforts to support the Patriotic Union of Kurdistan.
And he said in a statement on the occasion of the blessed Eid al-Adha: The families of the righteous martyrs, the heroes in the Peshmerga forces, the masses of the people of Kurdistan, congratulations on the blessed Eid al-Adha, we hope that you spend this feast in security and harmony.
He added: “From here, I take the opportunity to offer you my apologies for the events that began after the July 8 plots, which have become a source of anxiety and fear for you.
butterfly He continued:It seems that Tsula was born to all of you, why did you choose silence, from here I want to tell you that I have always and never believed in the use of force to resolve disputes and partisan problems, and that the Peshmerga and security forces should aim their guns at the enemies in the event that there are dangers to our region and the Kurdish citizens, and it cannot be That you allow me or anyone else to use it for their own purposes, and
I would like to say that our endurance and our non-use of weapons comes for the sake of our love for the land and people of Kurdistan and to preserve the security and harmony of the city of Sulaymaniyah and our region.
It is important that we do not allow bleeding from the nose of a poor child because of solving the problems of our party At the same time, with this silence, we were able to prevent the division of the Patriotic Union of Kurdistan of the late leader Mam Jalal, and for the time being, I express my happiness to address the problems through the partisan path, which represents the correct and allowed way to solve the problems, which is to refer to the leadership council that gained its legitimacy through Conference held, and because we came throughConference not by coup.
butterfly And he said: “In this regard, I, with open arms, and with my consent, on a temporary basis, delegated my powers to the second joint president until the amendment of the internal platform of our party.
This comes as a way to prevent the bloodshed that is looming on the horizon. the political Bureau to investigate and follow up on all charges biased and rumors that have been published in a number of Sayle media and Lusail social networking to mislead, and publish Ntaiz investigation of the Council leadership and public opinion.
He added: “at the same time, out of the new political developments within the party withdrew from the presidency of the alliance of Kurdistan and entrusted The tasks of the presidency of the coalition to the joint president and the leadership council.
butterfly Sheikh Janki said: “I thank the loyal members and supporters of the Patriotic Union of Kurdistan, one by one, for expressing your great support for my person during the past days, and I reiterate that the Patriotic Union of Kurdistan, for me, is greater than any position or rank, and I am sure that I will be on a level of responsibility that you have given me and myself.”
I will not leave you, and I will do all my capabilities for the protection within the Union House Union of Kurdistan and continued on my position hard in the way of power management in the Kurdistan region and the independence of the judiciary and to prevent political exclusivity and the agendas of the regional.
He reiterated that we support all the work of reform and cleansing, as we have worked in the past in activating the bulk of our efforts to provide salaries We will also work in the future to improve the lives of citizens and support efforts aimed at preventing smuggling at the borders.
butterfly 2021-07-20 06:07 Shafaq News/The Basra light crude lost 8.78% of its price, as other international crudes drop.
Basra light crude exports to Asia reached 69.12 dollars; in time, Basra heavy crude lost only 0.27%, settling at 68.78 dollars.
The Saudi light crude reached 73.34 dollars per barrel, while the Emirati Merban amounted to 72.45 dollars, and the Algerian Saharan for 68.58 dollars, and the Nigerian Bonny light oil amounted to 68.43 dollars.
Global oil prices increased today, as Brent crude oil amounted to 68.80 dollars and West Texas Brent crude reached 66.52 dollars.
butterfly 2021-07-20 03:29 Shafaq News/ the Dinar/Dollar exchange rates stabilized Today as the main stock exchange in Baghdad and Erbil stopped trading in the first Eid day.
Shafaq News agency correspondent reported that today’s selling and buying prices in the local markets dropped to 148750 and 147750 dinars per 100 dollars.
Our correspondent indicated that the main stock markets in Baghdad and the Kurdistan Region will remain closed until the end of the Eid holiday.
butterfly 2021-07-20 01:18 Shafaq News / Oil prices stabilized on Tuesday after slumping around 7% in the previous session amid a broader market retreat led by concerns about rising COVID-19 infections, which came just as producers inked a new supply deal, Reuters reported.
Brent crude gained 1 cent to $68.63 a barrel by 0412 GMT. The U.S. crude contract for August delivery , which expires later on Tuesday, was up 15 cents at $66.57 a barrel. U.S. crude for September delivery was up around 9 cents at $66.44 a barrel.
The selloff, which pushed prices to their lowest in two months, “was largely due to concerns centered on the Delta variant and macro backdrop rather than a significant re-think of forward looking oil fundamentals,” RBC Capital Markets said in a note.
It came after the Organization of the Petroleum Exporting Countries (OPEC) and allies, called OPEC+, reached a compromise on Sunday to increase output, but that was more “an unfortunate coincidence rather than a catalyst,” RBC said, noting equities fell sharply and bonds rose.
That Delta variant of COVID-19, which is significantly more contagious than earlier ones, is now the dominant strain worldwide, U.S. officials said on Friday.
It has been detected in about 100 countries around the world and patchy rollouts of inoculation programmes in many places are undermining the battle against the virus, raising the prospect of more lockdowns that would hit demand for oil products.
Still, RBC said high frequency indicators showed that restaurant bookings over the weekend in the United States, the world’s biggest oil consumer, were at pre-COVID levels, while domestic flights were at the highest level since the pandemic started.
The OPEC+ deal takes away more of the supply curbs that buttressed the market for a year. OPEC+ is keeping about 5.8 million crude barrels per day (bpd) out of the market, a figure that will decrease by 2 million bpd by the end of 2021.
butterfly Despite the latest COVID-19 concerns and crude price falls, some analysts expect the increased supplies to be soaked up by a gradual return of economic activity.
butterfly Jeff bezos to blast into space aboard new shepard rocket ship……..soon.
butterfly Another NON tax billionaire NOT paying any taxes plays with his toys and gets media coverage.