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2016-08-31 18:55:00

IRAQ SUPPORTS PRICES

IRAQ SUPPORTS PRICES

According to WSJ, Iraq would support a decision by members of the Organization of the Petroleum Exporting Countries to limit oil output to prop up petroleum prices, Prime Minister Haider al-Abadi said Tuesday.

"We support freezing oil production by OPEC due to the sharp decline of oil prices," Mr. Abadi said at a news conference, saying it would help government-salaried oil-industry workers.

The Iraqi premier's announcement…

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Tags: IRAQ, OIL, PRICES, OPEC

Chronicle:

IRAQ SUPPORTS PRICES
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

IRAQ SUPPORTS PRICES
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

IRAQ SUPPORTS PRICES
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

IRAQ SUPPORTS PRICES
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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