Ruled out the International Monetary Fund in any change in economic indicators in the Middle East during the year 2013, which will weigh on oil-importing countries.
The director of the Middle East and Central Asia in the Fund Masood Ahmed said that financial and economic data of the Group of the oil-exporting Gulf, was good last year due to higher oil prices and increased demand for fuel around the world. (more…)
11/18/2012 12:00 am
confirmed a member of the Committee on the economy and investment MP Abdulabas Xiaa, that five-year plan set by the Ministry of Planning will strengthen the national economy and the diversity of its revenue financial and reduce the adoption of budgets coming on oil revenues. (more…)
Date: Monday, 09-07-2012 01: 05 pm
Baghdad (News) … Ibrahim Al-Mashhadani confirmed Economist, that the continuing low oil prices will Add Newimpact directly on the State budget and would cause a significant deficit.
He said Al-Mashhadani (Agency alakhbarihllanbaa) Monday: continuing low oil prices will lead to Government austerity policy to resort to considerable harm to the poor in society. (more…)
Stressed member of the Commission on oil and energy parliamentary Susan Saad, the need to find alternative sources of national income in Iraq.
She said in a statement to Al-Saad (Al-Furat TV) said: “The Iraq Despite Omtlakeh large inventory of oil, but it has a problem affecting the economy in a single-source, as it depends on oil for Tuil projects. ” (more…)
Warned a member of the Commission on oil and energy parliamentary Susan Saad government economic disaster the country has suffered as a result of continued low oil prices in world markets, especially as it represents the sole supplier of the general budget of the state. (more…)
Confirmed that the global economy threatened to collapse .. And the dollar is no longer a safe havenAugust 7, 2011
World markets await record losses
Saudi economists emphasized that the world lost a dollar as a safe haven assuring dealt with over the decades as well as gold in the event of any economic turmoil, and after agencies cut credit ratings mark the public debt of the United States yesterday.
Economists said that the positive results achieved by the Saudi riyal and the national economy over the decades by its association with the dollar is no longer available today, calling for the rapid re-evaluation of the riyal exchange rate, and proceed immediately in the distribution of Saudi investments in more than a basket rather than in one basket is a basket of America “worn”.
NEW YORK — Oil futures fell Tuesday because of a stronger dollar and expectations that U.S. supplies are rising.
The dollar gained ground against the euro and other major currencies. Oil is priced in dollars and it becomes less attractive to investors with foreign currencies as the dollar gets stronger.
Benchmark West Texas Intermediate crude for June delivery fell $2.47, or 2.2 percent, to settle at $111.05 per barrel on the New York Mercantile Exchange. In London, Brent crude dropped $2.67 to settle at $122.45 per barrel.
Read more: http://www.chron.com/disp/story.mpl/business/7549225.html
Oil and Energy Commission revealed that a draft amendment to the crude oil investment law. “member of the Committee on energy and petroleum Bayezid Hassan and Attorney for the MDC at a news briefing:” projects to be submitted by the Committee on energy and oil, modified the draft investment law crude will encourage investors from inside Iraq for refineries.
(more…)
11/02/2011
LONDON, (Reuters) – Brent oil prices rose above $101 a barrel on Friday after Egypt’s President Hosni Mubarak refused to step down, stoking fears that the rising tensions could disrupt oil flows or spread to major producers in the region.
Brent futures jumped by more than $1 on Friday on rising tensions but later pared gains as Egypt’s powerful army moved to defuse tensions by lifting 30-year-old emergency laws.
ICE Brent crude futures were up by 62 cents at $101.49 a barrel and U.S. crude futures were up 11 cents at $86.84 a barrel.
Met with the rule of the Deputy Prime Minister Hussein al-Shahristani and Mr. Permanent Representative Ambassador Mohammed Ali Hakim, Mr. Supachai Panitchpakdi Secretary-General of the United Nations Conference on Trade and Development UNCTAD on the Palais des Nations on the afternoon of 31 / 1 and spoke about the role of non-fundamental factors Kalmdharbp fluctuations in crude oil prices, and Oil was and will remain in the long perspective, the most important item in the field of energy which can not be replaced with other types of energy.
Oil rises after OPEC’s decision to keep output unchanged
Oil prices rose Monday after it agreed Organization of Petroleum Exporting Countries (OPEC) at the weekend to keep crude output levels unchanged.
And increased U.S. light crude futures delivery January 29 cents to 88.08 dollars a barrel. London Brent crude rose 46 cents to 90.94 dollars. Analysts said that there are several reports indicated that the market fundamentals are strong, including the report of the International Energy Agency raised its forecast for oil demand growth in 2011.
