Zig’s Place Chatroom News Saturday AM 12-4-21

Zig’s Place Chatroom News Saturday AM 12-4-21

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

butterfly   OPEC: Iraqi oil exports will rise to 4.281 million barrels per day next month

Saturday 04 December 2021 The Organization of the Petroleum Exporting Countries announced today, Saturday, that the share of Iraqi oil production will exceed four million and 200 thousand barrels per day during the month of next January, after the "OPEC +" agreement to increase 400 thousand barrels per day.

The organization stated in its schedule, that "the production quota for Iraq for the month of January was set at 4.281 million barrels per day, an increase of 44,000 barrels per day from the month of December, which amounted to 4.237 million barrels per day and an increase of 88 thousand barrels per day over last November."

And she added, "The production of Saudi Arabia and Russia was set at 10.122 million barrels per day, during the month of January, an increase of about 104 thousand barrels per day from the month of December, and the UAE's production share increased by 31 thousand barrels per day, to reach 2.916 million barrels." daily for the next month.

She pointed out that "the share of OPEC from the planned increase of 400,000 barrels per day in January will amount to 254 thousand barrels to reach 24.554 million barrels per day, while the share of allied with OPEC will reach 146 thousand barrels to reach 15,794 million barrels per day."

And "OPEC +" agreed, during its meeting last Thursday, to increase its oil production by 400,000 barrels per day, according to the previously agreed schedule. https://ninanews.com/Website/News/Details?key=942788

butterfly   A decrease in Iraq's oil exports to America within a week

Saturday 04 December 2021 The US Energy Information Administration announced today, Saturday, that Iraq's oil exports to the United States decreased to 221,000 barrels per day, on average, during the past week.

The administration said in a report, that "the average US imports of crude oil during the past week from ten countries amounted to 5.869 million barrels per day, an increase of 314,000 barrels per day over the previous week, when the average amounted to 5.555 million barrels per day."

And she added, "America imported crude oil from Iraq at a rate of 221,000 barrels per day during the past week, down from the previous week, which was 245,000 barrels per day."

She noted that "most of America's oil revenues during the past week came from Canada at a rate of 3.773 million barrels per day, followed by Mexico at a rate of 657,000 barrels per day, followed by Saudi Arabia at a rate of 457,000 barrels per day, then Colombia at a rate of 224,000 barrels per day."

According to the administration, "the amount of US imports of crude oil from Russia amounted to an average of 189 thousand barrels per day, followed by Brazil at a rate of 142,000 barrels per day, then Trinidad and Tobago came with 72 thousand barrels per day, then Nigeria came at a rate of 4 thousand barrels per day." https://ninanews.com/Website/News/Details?key=942769

butterfly   Economist: The return of the dollar exchange rate to the previous is unlikely.. for this reason

Saturday 04 December 2021 The specialist in economic affairs, Maitham Laibi, ruled out the return of the dollar exchange rate to the previous exchange rate against the dinar, attributing this to the fact that this measure would prejudice the credibility of the central bank and monetary policy.

Laibi said in a statement to the National Iraqi News Agency / NINA /: “It is unlikely that the central bank or the government will return the dollar exchange rate to the previous one, and if it does, this will greatly prejudice the credibility of monetary policy, meaning that the private sector; and the public in general, has confidence in the government’s actions from In order to achieve its goals, such as targeting inflation and achieving stability.

He stressed: "The Central Bank's retreat from its decisions will shake confidence with the public and make the public build its decisions on the basis of the imbalance of the rules of the game between the two parties and turn stability into a series of actions and their negative responses, especially since the private sector in a country depends on a managed exchange rate, making it subject and receiving signals. From the central bank and the government, not the market.”

He continued, "The "manipulation" of the exchange rate counters from time to time will further complicate this already critical relationship, especially since the Central Bank, in its previous announcement, after which the exchange rate was changed, made it clear that this amendment is final and for one time. https://ninanews.com/Website/News/Details?key=942745

butterfly   The price of Basra Light crude fell by more than $3 a barrel

Saturday 04 December 2021 The price of Basra Light Crude decreased, recording a weekly loss, which amounted to more than $3, with the drop in oil prices last week.

Basra Light Crude decreased by $3.60 to $71.69, to record a weekly loss of $3.6, or 4.78%.

Brent crude rose by 21 cents to reach $69.88, but it recorded a weekly loss of $2.84, equivalent to 3.91% in a week.

The US West Texas Intermediate crude was settled down by 24 cents to reach $66.26 a barrel, recording a weekly loss of $1.91, equivalent to 2.8%. https://ninanews.com/Website/News/Details?key=942734

Sheila   butterfly why Michigan?

Sheila   Article: New Quantum(dot)gov Website -- https://dinarrecaps.com/our-blog/new-quantumdotgov-website

Butterfly   International Monetary Expects A Recovery Of Non-Oil GDP In Iraq

12/04/2021 | 12:32 PM   International Monetary Expects A Recovery Of Non-Oil GDP In IraqInformation / translation …

A report by the International Monetary Fund confirmed that the Iraqi economy is recovering from the sharp contraction that it witnessed last year against the background of high oil prices and with the easing of restrictions related to the Corona virus and the increase in vaccination rates.

And the British newspaper, The National, quoted in a report translated by the agency “Information”, the Monetary Fund as saying that “the real non-oil GDP of the country is expected to recover by 12 percent this year, while the balances of financial and current accounts are expected to improve significantly, after contracting His officials held an online meeting with the Iraqi authorities regarding recent economic developments and upcoming policy priorities for the country.”

He added, “Inflation in Iraq reached 7.2 percent last September and is expected to recede in the coming months, and it is expected that public finance balances and external current accounts will improve significantly in 2021 from a double-digit deficit in 2020, mainly due to higher prices. oil.”

He added, “Iraq invests $3 billion annually to shift from liquids to gas power generation, while high oil revenues represent an important opportunity to address Iraq’s major fundamental weaknesses, and enhance resilience in the face of the future climate and other challenges.”

It is reported that “Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), depends on oil revenues to cover 90 percent of government spending, including $5 billion as a public sector wage bill every month.”   almaalomah.me

butterfly   State Of Law: There Is Conclusive Evidence Of Falsification Of The Election Results

12/04/2021 | 7:02 PM   State Of Law - There Is Conclusive Evidence Of Falsification Of The Election Resultsinformation / special

Today, Saturday, MP Kati Al-Rikabi from the State of Law coalition confirmed that there is clear and conclusive evidence of fraud and manipulation of the results of the parliamentary elections that took place last October.

Al-Rikabi said in a statement to the “Information Agency”, “The judicial authority represents the highest authority in the country, and we have full confidence in the Federal Court regarding the election results and seriously consider the appeals submitted on the issues of fraud and manipulation that accompanied the recent electoral process.”

Al-Rikabi added, “The Federal Court is not bound by a specific time in announcing its ratification or not of the results of the legislative elections, which allows it to review and resolve the appeals before final approval of the results.”

He pointed out that “the position of some political forces on the election results has been emphasized, and the Federal Court’s argument is awaited on the appeals submitted.”

Earlier, the coordination framework confirmed the continuation of legal and public measures to reject the announced results of the election results.   almaalomah.me

Zig If you access this chat via https://my.cbox.ws/ZIGPLACE

You can make the box much bigger by clicking this link ZIGPLACE - Cbox