"Tidbits From TNT" Friday Morning 1-28-2022

Jan 28

TNT:

Tishwash: A meeting between Saleh and Al-Halbousi.. Learn about its details

The President of the Republic, Barham Salih, and Parliament Speaker, Muhammad Al-Halbousi, stressed today, Thursday, the importance of completing the constitutional entitlements .

A statement from Al-Halbousi's office stated, "The Speaker of Parliament, Muhammad Al-Halbousi, received the President of the Republic, Barham Salih, and during the meeting, the political and security situation in the country was discussed."

The statement indicated that "the two sides stressed the importance of completing the constitutional dues and forming a government that protects the higher interests of the country and meets the people's requirements link

Tishwash: Al-Rafidain determines the interest rate for savings accounts

Today, Friday, Al-Rafidain Bank set the interest rate for savings accounts

And the media office of the bank stated in a statement received by Alsumaria News, that "the interest rates of savings accounts are 4 percent paid to citizens in return for depositing their money link

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Tishwash: The international coalition comments on the bombing of Baghdad airport

Today, Friday, the International Coalition commented on the missile strikes that targeted Baghdad .Airport

The coalition stated, in a tweet via "Twitter": "At least 6 missiles fell at Baghdad Civil Airport this ".morning, at (4:30) in the morning

He added that "outlaw militias, for the second time this month, threaten and bomb Baghdad International Airport," stressing that "all the rockets took place in the runway area and/or areas ".close to the civilian side

He pointed out that "the Iraqi air defense missile prevention system was activated at the airport, ".and it was able to stop a number of missiles link

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Tishwash: “Oil Price”: Oil prices are expected to reach $ 100 in the middle of this year

A specialized economic report expected oil to reach $100 per barrel by the middle of this year, despite the lack of enthusiasm by the Organization of the Petroleum Exporting Countries (OPEC).

And the specialized "Oil Price" bulletin added in its report, "Morgan Stanley Investment Bank expects the global reserve oil production capacity to shrink from 6.5 million barrels per day at the present time to two million barrels per day by the middle of the year.

The bank indicated that this will be “the result of OPEC and its partners increasing production in accordance with their agreement to return to pre-pandemic production levels.

And it is likely that "this decrease in spare capacity will push Brent crude to $ 100 and perhaps more," a vision supported by "Oil Price

And last Wednesday, Brent crude futures were trading at $90 a barrel, its highest level in 7 years, and this came with the support of the Ukraine crisis amid tensions between Russiaand the West.

Oil Price" estimates that oil reaching $ 100 "is something that OPEC does not want and on which many do not agree, but it may be achieved at the end of the second quarter of this year, with the strength of the current emerging factors in the market

Quotes aboutOle HansenFrom "Saxo BankHe said that “the momentum behind the rise in oil prices is slowing, and we could see a correction soon.

As for tensions in Ukraine, which has also been named among the factors driving oil higher, Hansen noted that “these tensions are more likely to affect natural gas prices in the event of an escalation rather than oil prices

The “Oil Price” report added that “whatever the immediate future movements of oil prices, the fact remains that the Organization of the Petroleum Exporting Countries and the Russia And their partners in Central Asia do not seem to be able to meet their production quotas

He explained the reasons for this as “ranging from political problems in Libya to technical problems in Nigeria and dwindling spare parts.”Russia \and most of OPEC

In contrast, strong oil demand and insufficient investment seem to have been consistently underestimated by some forecasters

This could add more bullish potential for prices, which is looming in the oil industry,” the report said

Saudi Arabia and the former Secretary-General of "OPEC" had warned that the lack of investment would negatively affect last year

At the same time, most forecasters are betting on a continued decline in oil demand, as the lights are on low-carbon energy

But the fact - says the Oil Price report - has proven otherwise, and it is only a matter of time before highlighting the world's increasingly limited oil production capacity.

The report of the specialized bulletin concluded that “OPEC” does not want oil at $ 100, according to what some officials in the organization said. Expensive oil is not good for exporters because it weakens demand

But this time, it seems that there is little that OPEC can do about it except to hope that demand will not grow too quickly too soon, so that prices remain relatively unchanged from what they are now link

Mot: -- Yet another moment of Marital Bliss! ~~~