Zig’s Place Chatroom News Friday AM 1-7-22
Zig’s Place Chatroom News Friday AM 1-7-22
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Butterfly Oil Prices Exceed $82
Economic Last Update 01/07/2022 | 11:50 AM Oil prices rose, on Friday, with an uprising in Kazakhstan, which raised concerns that OPEC + supplies could be disrupted, coinciding with a decline in production in Libya.
Brent crude futures rose 48 cents, or 0.6 percent, to $82.47 a barrel, after a 1.5 percent jump in the previous session.
US West Texas Intermediate crude futures rose 50 cents, or 0.6 percent, to $ 79.96 a barrel, after rising 2.1 percent in the previous session.
"The jump in oil prices mainly reflects market fears, with the growing turmoil in Kazakhstan and the continued deterioration of the political situation in Libya," affecting oil production, Rystad Energy analyst Louise Dixon said in an email comment.
After days of turmoil in Kazakhstan during which the government declared a state of emergency, Russia on Thursday sent paratroopers to quell the uprising. The protests began in the oil-rich western regions of Kazakhstan after fuel prices were raised at the start of the new year.
Brent and US crude are heading towards a six percent increase in the first week of the year, as prices reached their highest levels since late November, as concerns about supplies outweighed concerns about the possibility of demand being affected by the rapid spread of the mutant Omicron from the Corona virus.
Increases in supply from the OPEC+ group, which includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies, have not kept pace with demand growth.
OPEC production in December rose by 70,000 barrels per day from the previous month, much less than the increase allowed under the OPEC + agreement of 253,000 barrels per day, which restored production cut in 2020 when demand collapsed under the Covid-19 closures. .
Libya's production fell to 729,000 barrels per day, from a high production of 1.3 million barrels per day last year, partly due to pipeline maintenance work. https://almaalomah.me/2022/01/07/575156/
butterfly Zaha Hadid: The 'Queen of the Curve' and the Central Bank of Iraq
Culture https://english.alaraby.co.uk/features/zaha-hadid-queen-curve-and-iraqs-central-bank
butterfly Iraq practically enters the use of solar energy .......... The Ministry of Environment announced that Iraq has practically entered the use of solar energy, as it launched an initiative with the Central Bank of Iraq and other state institutions to implement the National Adaptation Plan for the Paris Agreement on Climate Change.
The ministry stated, "The committee charged with setting controls for financing electricity generation systems from renewable energy for citizens and industrial, economic, commercial and agricultural activities funded by the initiative of the Central Bank of Iraq, approved financial and technical controls early this year, in line with the state's directions to switch to the uses of electricity generation sources from sources renewable".
And she added, in a press statement today, Thursday, "the controls for technologies in the use of solar energy systems have been determined, which will allow citizens and various institutions to purchase them at competitive prices within the loan allocated to the initiative through local banks," noting that "the committee established provisions and controls that ensure the use of the highest levels of technologies and their sustainability." By following up on the standardization and quality control device, which will be installed under the supervision of specialized technical teams from the Ministry of Electricity. https://ninanews.com/Website/News/Details?key=948982
butterfly The Iraqi parliament announces the agenda for its first session
2022-01-07 07:38 The Iraqi parliament announces the agenda for its first sessionShafaq News/ The Iraqi parliament announced on Friday the agenda for its first session, scheduled for next Sunday.
According to the schedule obtained by Shafak News Agency, the Secretary-General of the House of Representatives will deliver a speech to welcome the deputies and read the names of the attendees.
After that, the president of the year will manage the session, and he will be the former Speaker of the House of Representatives, Mahmoud al-Mashhadani, and then the deputies will take the constitutional oath before opening the door for nomination for the position of Parliament Speaker and his two deputies.
The meeting is scheduled to take place at eleven o’clock next Sunday, January 9.
The Sadrist bloc topped the results of the elections that took place last October with 73 seats out of 329, followed by the “Progress” coalition with 37 seats, the “State of Law” coalition with 33 seats, and the Kurdistan Democratic Party with 31 seats. shafaq.com
butterfly Mishaan Al-Jubouri: I am still worried about Al-Halbousi and I am afraid of treachery and targeting
2022-01-07 The leader of the Alliance of Resilience, Mishaan al-Jubouri, expressed, on Friday, his concern about what he called the treachery of the head of the Alliance of Progress, Muhammad al-Halbousi, indicating that the dagger will be the head of an alliance with “determination, we advance.”
Al-Jubouri said in a televised statement, “Al-Halbousi wants a mandate from the component to take over the presidency of Parliament, and I am still worried about Al-Halbousi and I am afraid of treachery and targeting.”
He added, “There are efforts to prevent the agreement between al-Halbousi and al-Khanjar in response to ‘wills’, and we have authorized al-Khanjar to work under one banner with progress.”
He pointed out that “Al-Khanjar will be the head of an alliance with “The Resolve We Advance” after Al-Halbousi’s students took that from him, while the latter is trying to obtain the presidency of Parliament.”
burathanews.com
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