News, Rumors and Opinions Saturday AM 12-17-2022
KTFA:
Henig: The rise in oil prices
{Economic: Al Furat News} Oil prices rose in early Asian transactions, today, Friday, after a 2% decline in the previous session in the wake of central banks raising interest rates, and are heading towards ending the week's transactions on a rise after a series of positive expectations for oil demand.
By 01:09 GMT, Brent crude futures rose 36 cents, or 0.4%, to $81.57 a barrel.
West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $76.36 a barrel.
The two benchmarks are heading towards ending the week up by more than 7%, according to Reuters.
The market received support this week from the expectations of the International Energy Agency regarding the recovery of Chinese demand next year, after its contraction in 2022 to 400 thousand barrels per day.
The agency raised its forecast for oil demand growth in 2023 to 1.7 million barrels per day.
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced its commitment to its forecast for global demand growth of 2.55 million barrels per day this year and 2.25 million barrels per day in 2023 after multiple cuts, saying that although the economic slowdown is "quite clear", the There is a potential uptick stemming from, among other things, the easing of China's "zero Covid" policy.
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Clare: More than 280,000 barrels per day of Iraq's oil exports to America within a week
2022-12-17
The US Energy Information Administration announced, on Saturday, that Iraq's oil exports to America amounted to more than 280,000 barrels per day, on average, during the past week.
"The average US imports of crude oil during the past week from nine countries amounted to 5.867 million barrels per day, up by 694 thousand barrels per day from the previous week, which amounted to 5.173 million barrels per day," the administration said in a report seen by Shafaq News Agency.
"Iraq's oil exports to America amounted to an average of 282,000 barrels per day last week, up from the previous week, when oil exports to America amounted to 252,000 barrels per day."
The statistic also indicated that “most of America’s oil revenues during the past week came from Canada at a rate of 3.795 million barrels per day, Mexico came at a rate of 602 thousand barrels per day, and oil revenues from Saudi Arabia amounted to an average of 317 thousand barrels per day, and then Colombia at a rate of 248 thousand barrels per day.” Daily".
According to the administration, “the amount of US imports of crude oil from Brazil amounted to an average of 210,000 barrels per day, from Nigeria at a rate of 171,000 barrels per day, from Ecuador at a rate of 157,000 barrels per day, and from Libya at a rate of 85,000 barrels per day, while it did not import any amount of oil.” Libya or Russia. LINK
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Courtesy of Dinar Guru
Sheila …in the middle east...they are having the cross border payment transfers and the exchange rates pretty much around the globe now. It’s starting to unwind…there was a meeting on Thanksgiving day that was a big change. Things are moving…I just want to wish everyone a Merry Christmas and know things are well on its way…this is going to be a great holiday...
Walkingstick [via Frank26] Why was the 2023 budget sent back to the prime minister and not sent to the parliament for a vote? Apparently we can sidestep the president's signature and wait for two weeks. Maybe Sudani wanted to add more to it via the meetings he had with the CBI...
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Jared Rand Conference Call 9/14/2022 Excerpts:
-) Jared stated that NEARA/GESARA is supposed to be “Announced” this month, which the statement publicly will turn it into the law of the land.
-) It will not be too long after that the “Gold Standard” will be announced!!
-) Then the private “R/V GCR” to fund the humanitarians & create balance throughout the world with re-evaluations of currencies.
Source: Operation Disclosure Official
Alasdair Macleod: FIAT Currency System In Mortal Danger
As Good As Gold Australia: 12-17-2022
On the 15th November, Reuters reported that a number of global banking giants were starting a 12 week digital dollar pilot with the Federal Reserve Bank of New York. Has it begun... the rise of the digital dollar.
Citigroup Inc, HSBC Holdings P/L, Mastercard Inc, and Wells Fargo & Co. are participating in the experiment. The project will be conducted in a test environment and use simulated data, the New York Fed said.
The pilot will test how banks using digital dollar tokens in a common database can help speed up payments. What's important however, is to keep in mind that whoever controls the money, controls everything, and the rise of CBDCs threatens to make that control absolute.
Andrew Maguire, recently stated that we should be buying precious metals before December 27th this year. Is this date important, and if so, why?
India is importing tonnes of silver. So far, about 35% of the world's mining output, and they are having it freighted by air. Do they know something that we don't?
Just recently, the BIS - Bank for International Settlements out of BASEL, elevated gold to tier one status. Why did they make gold tier one? Mined silver out of the ground has been approximately 800 million ounces per year of late.
2 years ago, we had a shortfall of supply of 50 million ounces, and last year 200 million ounces. Surely the COMEX is running out of silver to supply. What might this mean for silver prices in 2023?