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Pitcher

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Pitcher last won the day on March 7

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About Pitcher

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  1. Thanks Umbertino, I never want to insult someone. I just didn’t know!!
  2. My sincere apologies Shedagal. You are a wise and good WOMAN!!!!!!
  3. You are a wise and good man Shedagal. I appreciate your post. I also have to work on restraint, especially when it comes to politics that I believe are hurting our nation.
  4. If you think all that will happen buy SPDR Gold Trust, GLD or if you want a miner try NEM. Im currently not in either as a trader but I’m keeping an eye on them Some others to watch are, nugt (3x shares), jnug, (junior gold miners, Gold, aem, gg, fnv, rgld, gdx,
  5. Abd al-Mahdi to visit 5 Arab states in April to seek 'balanced' ties FacebookTwitterGoogle+EmailWhatsApp Prime Minister Adil Abd al-Mahdi will start in April a series of regional visits to Iran, Jordan, Saudi Arabia, Egypt and Turkey, according to media reports. Abd al-Mahdi seeks during his planned tour to achieve balance in Baghdad's regional and international relations, according to reports. Abd al-Mahdi has refrained from carrying out any foreign visit since he was given the confidence last October, until the completion of government formation and the implementation of the government program. https://www.thebaghdadpost.com/en/Story/37503/Abd-al-Mahdi-to-visit-5-Arab-states-in-April-to-seek-balanced-ties!
  6. Second Surprise Crude Oil Draw Sends Prices Higher By Julianne Geiger - Mar 19, 2019, 4:43 PM CDT The American Petroleum Institute (API) reported a surprise draw in crude oil inventory of 2.133 million barrels for the week ending March 15, coming in under analyst expectations of a 309,000-barrel build. This is the second week in a row for a surprise draw. Last week, the API reported a large surprise draw in crude oil of 2.6 million barrels. A day later, the EIA reported a similar figure, estimating that crude inventories had drawn down by 3.9 million barrels. Including this week’s data, the net draw is 1.5 million barrels for the eleven reporting periods so far this year, using API data. (Click to enlarge) WTI was trading down slightly on Tuesday hours before the data release at $59.22, down $0.16 (-0.27%) at 1:59pm. Its counterpart, the Brent benchmark, was trading at $67.57, up $0.03 (+0.04%) at that time, with prices near yesterday’s levels as the market continues to assess with inconsistent outcomes OPEC members’ dutiful adherence to its promised production cuts, Venezuela’s falling oil exports, Iran’s precarious sanction situation, the ongoing trade row with China, and differing analyst opinions on the demand growth outlook in the near future. Still, oil prices are near four-month highs, and WTI is up over $2 per barrel week on week. Brent is trading at $1 per barrel over last week levels. Related: Gas Mergers Could Pressure Prices In Europe The API this week reported draw in gasoline inventories for week ending March 15 in the amount of 2.794 million barrels. Analysts estimated a draw in gasoline inventories of 2.125 million barrels for the week. US crude oil production as estimated by the Energy Information Administration showed that production for the week ending March 8—the latest information available—dipped slightly to an average of 12.0 million barrels per day after two weeks at an all-time high of 12.1 million bpd. Distillate inventories decreased by 1.607 million barrels, compared to an expected draw of 1.3 million barrels for the week. Crude oil inventories at the Cushing, Oklahoma facility fell by 317,000 barrels for the week. The U.S. Energy Information Administration report on crude oil inventories is due to be released on Wednesday at 10:30a.m. EST. By 4:39pm EST, WTI was trading down at $59.15 and Brent was trading down at $67.51. https://oilprice.com/Latest-Energy-News/World-News/Second-Surprise-Crude-Oil-Draw-Sends-Prices-Higher.html
  7. Why does this not surprise me. Corrupt Iraqi politicians who work for Iran to enrich themselves.
  8. Exclusive: Iraq involved in smuggling Iran's oil to Asia At least two tankers have ferried Iranian fuel oil to Asia in recent months despite sanctions against such shipments, Reuters reported according to analysis of ship-tracking data and port information, as well as interviews with brokers and traders. The shipments were loaded onto tankers with documents showing the fuel oil was Iraqi. But three Iraqi oil industry sources and Prakash Vakkayil, a manager at United Arab Emirates (UAE) shipping services firm Yacht International Co, said the papers were forged. The people said they did not know who forged the documents, nor when. The transfers show at least some Iranian fuel oil is being traded despite the reimposition ofsanctions in November 2018, as Washington seeks to pressure Iran into abandoning nuclear and missile programs. They also show how some traders have revived tactics that were used to skirt sanctions against Iran between 2012 and 2016. "Some buyers...will want Iranian oil regardless ofUS strategic objectives to deny Tehran oil revenue, and Iran will find a way to keep some volumes flowing," said Peter Kiernan, lead energy analyst at the Economist Intelligence Unit. While the United States has granted eight countries temporary waivers allowing limited purchases of Iranian crude oil, these exemptions do not cover products refined from crude, including fuel oil, mainly used to power the engines of large ships. NO RECORD AT BASRA Up to 300,000 tonne-supertanker, the Grace 1, took on fuel oil at Basra, Iraq, between Dec. 10 and 12, 2018. But Basra port loading schedules reviewed by Reuters do not list the Grace 1 as being in port during those dates. One Iraqi industry source with knowledge of the port's operations confirmed there were no records of the Grace 1 at Basra during this period. Examining data from four ship-tracking information providers - Refinitiv, Kpler, IHS Markit and Vessel Finder - to locate the Grace 1 during that time. All four showed that the Grace 1 had its Automatic Identification System (AIS), or transponder, switched off between Nov. 30 and Dec. 14, 2018, meaning its location could not be tracked. The Grace 1 then re-appeared in waters near Iran's port of Bandar Assaluyeh, fully loaded, data showed. The cargo was transferred onto two smaller ships in UAE waters in January, from where one ship delivered fuel oil to Singapore in February. Shipping documents showed about 284,000 tonnes of fuel oil were transferred in the cargoes tracked by Reuters, worth about $120 million at current prices. Officials at Iran's oil ministry declined to comment. Singapore customs did not respond to requests for comment. The Grace 1, a Panamanian-flagged tanker, is managed by Singapore-based shipping services firm IShips Management Pte Ltd, according to data. IShips did not respond to several requests for comment via email or phone. SHIP-TO-SHIP TRANSFERS The ship-tracking data showed the Grace 1 emerged from the period when it did not transmit its location almost 500 kilometres south of Iraq. It was close to the Iranian coast with its draught - how deep a vessel sits in water - near maximum, indicating its cargo tanks were filled. The Grace 1 transferred its cargo to two smaller tankers between Jan. 16 and 22 in waters offshore Fujairah in the UAE, data showed. One of those vessels, the 130,000 tonne-capacity Kriti Island, offloaded fuel oil into a storage terminal in Singapore around Feb. 5 to 7. Reuters was unable to determine who purchased the fuel oil for storage in Singapore. The Kriti Island is managed by Greece's Avin International SA. The tanker was chartered by Singapore-based Blutide Pte Ltd for its voyage to Singapore, Avin International's Chief Executive Officer George Mylonas told Reuters. Mylonas confirmed the Kriti Island took on fuel oil from the Grace 1. There is no indication that Avin International knowingly shipped Iranian fuel oil. Mylonas said his firm had conducted all necessary due diligence to ensure the cargo's legitimate origin. CERTIFICATE OF ORIGIN Mylonas emailed Reuters a copy of a Certificate of Origin (COO) that he said was provided by the charterers – referring to Blutide - showing the Grace 1 loaded fuel oil at Basra on Dec. 10 and 12, 2018. "The Certificate of Origin and all the information obtained did not reveal any connection with Iran, let alone that the cargo of fuel oil originated" from there, Mylonas wrote. Mylonas said the Grace 1's owners, managers, shippers, receivers and charterers were screened by Avin International. "There were not circumstances that would make the COO of dubious origin," he said via email. He said he had been told by the charterers that the Grace 1 only stopped in waters off Iran in late December and early January for "repairs of damaged diesel generators" before sailing to Fujairah. The document provided by Mylonas says Iraq's state oil marketer SOMO certified the Grace 1 in December loaded a total of 284,261 tonnes of Iraqi fuel oil. Reuters shared the document with a SOMO official in Iraq who said it was "faked" and "completely wrong". The official declined to be identified by name, citing the marketer's communications policy. Two other Iraqi oil industry sources with direct knowledge of Basra port and oil industry operations also said the documentation was forged. The two sources said the document bore the signature of a manager who was not working atBasra port on the stated dates. The document also bears contradictory dates: It indicates a loading period of Dec. 10 and 12, 2018 but a sign-off date for the transaction of Jan. 12, 2018. 'CONSIDER TO BE FORGED' Data showed the second tanker into which the Grace 1 transferred cargo was the Marshal Z, also a 130,000-tonne vessel. It was bound for Singapore in the first half of February but changed course on Feb. 15, parking off western Malaysia. Reuters was unable to determine who owns the Marshal Z, nor who chartered it. Around Feb. 25, the Marshal Z transferred its cargo to another vessel called the Libya, owned and managed by Tripoli-based General National Maritime Transport Company (GNMTC). A GNMTC spokesman said the Libya was chartered by Blutide, the same Singapore firm that chartered the Kriti Island. Blutide registered as a company in Singapore on May 14, 2018. Its sole listed shareholder and only director, Singaporean Basheer Sayeed, said by telephone on Feb. 7 he was retired and not in a position to comment on the company's activity. The Libya's owner GNMTC "was not aware, at any stage that the cargo is linked in any way to Iran," the company's spokesman said via email. GNMTC provided Reuters with a copy of a COO that it said was issued by shipping services company Yacht International, based in Fujairah, showing the Marshal Z loaded Iraqi-origin fueloil during a ship-to-ship transfer in UAE waters on Jan. 23. However, Yacht International shipping manager Prakash Vakkayil said in an email his firm did not issue the certificate and "considers it to be forged". The GNMTC spokesman did not respond to follow-up questions from Reuters. As of March 20, data showed the Libya was located alongside the Marshal Z offshore western Malaysia, the position vessels typically adopt for ship-to-ship transfers. Reuters could not immediately determine whether the fuel oil cargo the Libya had been carrying was still aboard the ship. https://www.thebaghdadpost.com/en/Story/37499/Exclusive-Iraq-involved-in-smuggling-Iran-s-oil-to-Asia
  9. Barzani affirms need for US presence in Iraq to combat terrorism FacebookTwitterGoogle+EmailWhatsApp Head of Iraq’s Kurdish Regional Government (KRG) Nechirvan Barzani said Tuesday that the presence of the US-led coalition troops in Iraq is important to prevent the threat of terrorism in the country. Barzani's remarks came after a meeting with US Congressman John Garamendi in Erbil, according to the president’s office, Anadolu News Agency reported. Barzani and the visiting delegation, along with Garamendi, emphasized the importance of the US and the international coalition troops, and said the troops should remain in Iraq against the risk of re-emergence of terror, the statement said. Handling the post-ISIS process, sending the internally displaced people back to their homelands and US-Iraq cooperation in the reconstruction of damaged areas during the conflict were also discussed. The US military presence has been a hot issue in Iraq. Some parties want the US removed from the country and even 55 Iraqi lawmakers tabled a motion to the parliament for a decision. The US occupied Iraq in 2003 with 165,000 troops until December 2011, after which then-US President Barack Obama ordered all troops withdrawn from Iraq. However, after the emergence of ISIS terrorist organization in 2014, Washington sent its troops back to Iraq in line with Iraqi then-Prime Minister Nouri al-Maliki's demand. https://www.thebaghdadpost.com/en/Story/37505/Barzani-affirms-need-for-US-presence-in-Iraq-to-combat-terrorism
  10. Kurdistan's economic situation improved, ISIS defeated: Barzani FacebookTwitterGoogle+EmailWhatsApp President of the Kurdistan Regional GovernmentNechirvan Barzani said that the economic situation of Kurdistan has improved, adding that it moves towards progress and prosperity. Celebrating the traditional new year Nowruz, Barzani said that everyone felt the crises Kurdistan has experienced, including fighting ISIS, the displacement of hundreds of thousands of citizens, the reduction in the budget and salaries, and the decrease of oil prices. He added that the war against ISIS is done, and that the economy started to improve. "We bet on the victory of Kurdistan, we have walked the majority of the road ..." Barzani said, expressing "happiness" for Kurdistan people and for all Iraqis. He added that Kurdistan is a true partner to Iraq, according to the constitution. https://www.thebaghdadpost.com/en/Story/37507/Kurdistan-s-economic-situation-improved-ISIS-defeated-Barzani
  11. Traded FNV on the bounce. Had been shorting it.
  12. Check out the oil price spike when the Fed says no more Interest hikes in 2019.
  13. Check out the spike in oil. 😄😄😄
  14. My Arabic is not as good as it once was but that’s what I thought it said Synopsis. hahahahaha. That was funny 😄
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