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More Iraqi News Late Saturday PM 7-24-21

TLM724 Administrator BondLady’s Corner

Supply Expectations Raise Global Oil Prices

Saturday 24 July 2021 13:43 | Economic Number of readings: 316   Baghdad / NINA / – Oil prices rose, after a strong recovery from a major decline recorded last Monday, as it received support from expectations that supplies will remain scarce during the year.

Brent crude scored 74.10 dollars a barrel. US West Texas Intermediate crude rose 16 cents, or 0.2%, to $72.07, after gaining 2.3% last Thursday.

The price of oil and the rest of the risky assets fell at the beginning of last week, due to concerns about the impact of the economy and demand for crude from the rise in infections with the delta strain of Covid-19 in the United States, Britain, Japan and elsewhere.

Al-Hakim: We Renew Our Pledge To Move Forward In Building Iraq As A Strong Country

Friday 23 July 2021 23:59 | political Number of readings: 1229   Baghdad / NINA / – The head of the National Wisdom Movement, Ammar Al-Hakim, renewed the pledge to move forward in building Iraq as a strong country.

On the fourth anniversary of the emergence of the National Wisdom Movement, Al-Hakim said: We remember the first moments of the founding and the popular and public interaction with this step as an early reading of the consequences of the political and societal conditions in Iraq, as I had the interaction and support of the political forces and the nation’s partners, and on this occasion we renew the covenant to move forward in building Iraq as a state Strong, capable, governed by institutionalization, the rule of law, and the exclusive use of arm

He added that supporting and empowering youth, caring for and empowering women, defending their rights, and the approach of moderation and moderation are strategic issues that we will not deviate from.

He continued: As we congratulate ourselves, the leaders and the masses of the National Wisdom Movement, we call upon our masses to redouble their efforts for the prosperity of the country and the welfare of the citizen.

Iraq And Lebanon Signed An Agreement To Sell One Million Tons Of Fuel Oil

Energy   Economy News – Baghdad  On Saturday, Prime Minister Mustafa Al-Kazemi sponsored the signing ceremony of the sale of one million tons of heavy fuel oil at the international price to Lebanon.

A statement by the Prime Minister’s Media Office, seen by “Al-Iqtisad News”, stated that “the signing ceremony of the agreement between Iraq and Lebanon included the sale of one million tons of heavy fuel oil at the global price, provided that the payment will be with services and goods.”

The statement indicated that “the agreement was signed on the Iraqi side by Minister of Finance Ali Abdul-Amir Allawi, while on the Lebanese side the Lebanese Minister of Energy and Water Raymond Ghajar signed, while the contract was signed on the Iraqi side by the Director General of the Oil Marketing Company Alaa Al-Yasiri, and the Lebanese side was signed by the General Manager Lebanese oil, Euro Feghali. Views 20 Date Added 07/24/2021

During The Past Week .. A Record Increase In Iraq’s Oil Exports To America

Economie| 09:28 – 07/24/2021   Follow-up – Mawazine News, the US Energy Information Administration announced, on Saturday, that Iraqi oil exports to America rose to 480,000 barrels per day, during the past week, bypassing Saudi Arabia.

The administration said in a report seen by “Mawazine News”, that “the average US imports of crude oil during the past week from nine countries amounted to 6 million and 101 thousand barrels per day, an increase of 948,000 barrels per day compared to the previous week.”

And she added, “America imported crude oil from Iraq at a rate of 480,000 barrels per day, up by 298 thousand barrels from the previous week, which amounted to 182,000 barrels.”

She noted that “most of America’s oil revenues during the past week came from Canada at a rate of 3.611 million barrels per day, followed by Mexico, whose imports amounted to 797,000 barrels per day, then Iraq at 480,000 barrels per day, Saudi Arabia at 359 thousand barrels, and Russia with an amount of 359 thousand barrels per day.” It reached 306 thousand barrels per day. Ended