Oil rises to $ 39

[Laid Back]

Thanks Yota....If Iraq can just get over the Article 8 compliance issue coming up...As ''LB'' stated the pieces of the puzzle are fallin' into place and to be WTO and UN approved international compliant will be a very big piece of the puzzle...

Agree with you skeetdog.

We are getting close.

[yota691]

The Independent: oil could rise to $ 50 in June

History of edits:: 08/03/2016 11:12 • 81 visits readable

[Oan- follow] the 
British newspaper The Independent predicted, rising global oil prices to $ 50 a barrel in the month of June.

He wrote Grant Smith , an article in the newspaper titled "Saudi Arabia in the face of global stocks of oil" deal with the oil crisis in the world. 
The writer says that Saudi Arabia compete with American producers in the shale oil market [normal] led to the dumping huge quantities. 
He adds that if he was able to Saudi Arabia from victory the US producers during the current crisis, this does not mean the oil return to the old prices. 
there remains about one billion barrels exist in the market since 2014. 
according to International energy agency forecasts a continuation of the oil glut in the world for years to come, according to the article. 
the article points to a similar situation in the oil market in 1998 - 1999 , when oil demand fell due to the financial crisis in Asia. 
He cautioned Author Smith to the continued price of crude oil at the time to fall in spite of an OPEC cut its production in March / March and then in June 1998 until the price to less than $ 10 a barrel in December / December of the same year. 
he added that oil prices did not begin to recover only in the beginning of 1999 when it dropped its stocks in developed countries. 
the writer refers to the expectation that the price remains lower than it was until 2012 when the fall of stocks held by major countries. 
The writer says that the month of June next may see the beginning of the high price of oil because of the US reduced oil production of shale was then up the price to $ 50 a barrel. 
The Brent crude oil prices have been recorded since yesterday at around $ 40 in the first rise since the beginning of 2016.

[Sage449]

Snow - so agree with you - and for me, my heart isn't bleeding for the oil barons when I'm paying under $2/gallon and filling my car for $20. Sorry, can't do it.

[RV4CandyMan]

When oil was over $100 a barrel, we didn't see an RV, Why are some of you getting giddy thinking they will RV the Dinar at $70?     It would be nice, but I'll hold my giddiness for now.

[Artitech]

JMHO, I don't the RV is tied to oil price. Just another guru excuse! 

[SnowGlobe7]

I am glad to see more agree that about $50 per barrel is about right...everyone makes money and the public is not getting (to) fleeced.

 

SOmeone help me...what was the barrel price in the Budget for Iraq...was it not about $65 or was it lower? My memory is failing me.

[tigergorzow]

SnowGlobe7, The 2016 Budget is $45 per barrel.

Edited March 8, 2016 by tigergorzow

[SnowGlobe7]

AHHHH thanks so much my striped friend.....Then IMO that is where we need to be...If that is what Iraq can make work I think we can live with that gas price for sure.

[WheresmyRV?]

I'm thinking oil can rise to 80 bucks a barrel and they will still complain. The oil cartels will want it 100-110 a barrel.

[SnowGlobe7]

I'm thinking oil can rise to 80 bucks a barrel and they will still complain. The oil cartels will want it 100-110 a barrel.

 

Oh yes ..no doubt whatsoever....I just think If Iraq can balance a budget at $45 then there is no reason for it to be any higher

[yota691]

High oil prices to $ 41

History of edits:: 03/10/2016 14:52 • 47 visits readable

[Where - Follow - up] 
oil prices surged by up to 5%, on Wednesday, trading in global markets, to settle at this level, almost, on Thursday.

And it closed the international London Brent crude contracts, on Wednesday, rising to $ 1.42 or about 4% to $ 41.07 a barrel. 
And ended the US oil contracts to the nearest trading session high of $ 1.79 , or about 5% entitlement to a record settle at US $ 38.29 a barrel. 
Today witnessing a stable markets somewhat, as determined by Brent price at US $ 40.9 and US crude at $ 38.1 in morning trading. 
and deliver oil support from speculation that the largest crude oil producers may soon agree not to exact production ceiling is exceeded. The achieved oil gain of about 50 percent from its lowest level in 12 years , which aired it before more than two months after it pledged to Saudi Arabia, Qatar and Venezuela , members of the Organization "OPEC" in addition to Russia - a major producer outside the Organization - to freeze supplies at January levels / second if the cooperation of the other producers. 
the experts say that one of the reasons for high prices due to the continuous decline eighth consecutive week in oil production in the US. 
have official data showed falling US oil production to its lowest level since November 2014, his arrival to 9 almost million barrels per day. 
the prices got to also support data from the shrinking number of oil rigs in the United States for the week of 12 shows in a row.

[Jaygo]

Keep going

[magawatt]

I saw yesterday that part of the reason for oil going up was the very strong sales of SUVs and trucks. High consumption will burn through the oil glut for sure!

[DoD]

I'm thinking oil will hit 50 dollars a barrel wayyyyyy before June....

[WheresmyRV?]

I'm thinking oil will hit 50 dollars a barrel wayyyyyy before June....

At the rate it's going up now in two weeks it's going to surpass 50 bucks a barrel.

[yota691]

Oil continues to rise with the support of new investments and the dollar's decline

History of edits:: 11.03.2016 13:27 • 133 visits readable

[Wayne - Follow - up] 
oil prices continued to rise on Friday March 11, with the support of new investments and the dollar 's decline.

The price of the global London Brent crude futures to $ 40.70 a barrel , up 65 cents from the previous settlement price. 
The total price of US crude futures to $ 38.64 a barrel , up 80 cents , or more than two percent from its price at the previous close. 
Traders said Reuters that most of the support it has received in oil prices came from the rise of the yuan to the highest level since the beginning of 2016 on Friday as the dollar fell against other major currencies. The US currency has already fallen on Thursday following the announcement of the European Central Bank to ease monetary policy. 
It supports dollar 's decline in oil prices since it reduces the raw cost denominated in US currency on countries such as China that may boost demand for fuel. 
The dealers said that oil prices also found support in pumping money funds in the crude markets.

[yota691]

The International Energy: Lower oil prices may have ended, and the start of recovery

History of edits:: 11.03.2016 17:04 • 10 visits readable

[Oan- follow - up] 
and the International Energy Agency said on Friday that oil prices may have reached their lowest levels and begin to recover with the accelerated pace of decline in production in the United States and other non - member producers in OPEC and the growth of the supply of Iranian supply at a lower rate than expected.

According to the agency , which coordinates energy policy for industrialized countries it is currently believed that the production from outside the Organization of Petroleum Exporting Countries will fall by 750 thousand barrels per day in 2016 compared with 600 thousand barrels per day in the previous forecast. 
She added that US production alone would fall by 530 thousand barrels per day in 2016 . 
she energy agency , based in Paris have "no clear signs that the market forces, achieved positive results and that the producers with high cost are reducing production." 
In January , reached their lowest levels in oil prices since 2003 , to below $ 30 a barrel on oversupply resulting from the US production boom in recent years and the decision of OPEC members to increase supplies to protect market share in the face of high cost rival producers. 
prices recovered later to $ 40 a barrel after OPEC 's largest producer and Rca Saudi Arabia said the biggest producers outside the organization they may Tjmdan production levels. 
and showed energy agency , OPEC production fell by 90 thousand barrels per day in February , due to production disruptions in Nigeria and Iraq , the United Arab Emirates , where the production of the three countries dropped overall by 350 thousand barrels per day. 
"at the same time , Iran has been the return to the market less than what he said the Iranians, in February we believe that production [iranian] increased 220 thousand barrels per day , and it seems at the moment that the return of Iran would be gradual. " 
Iran has been pledged to add a million barrels a day to global supply after reaching an agreement with the West in January to ease sanctions imposed on the country because of its nuclear program. 
the agency noted that stocks in industrialized countries members of the Organization for economic cooperation and development fell in February for the first time in a year , despite crude stocks rise in volumes floating. 
However , the IEA said it expects growth in global inventories of crude oil and petroleum products a lot in the first half of 2016 in the range of 1.5 to 1.9 million barrels per day , but will slow down to 0.2 million barrels per day in the second half compared with the estimated growth of 0.3 million barrels per day in the previous report. 
she said the international energy "for the price , there may be light in another long tunnel dark but do not allow us to ascertain the timing achieve the desired balance in the oil market at exactly 2017, it is clear that the direction of the current move is the right direction , although there was a long way to go to be cut. " 
and kept energy agency on its estimates of the growth in global oil demand in 2016 unchanged at 1.17 million barrels per day , or the equivalent of 1.2 percent of the total demand of 95.8 million barrels a day. 
slowed demand growth in many of its highest level in nearly five years of 2.3 million bpd hit in the third quarter of 2015 is due this slowdown to the low oil prices but the growth rate is still close to the average in recent decades. 
the IEA said "almost certain that the risks faced by the global demand for oil on the downward side of growth." 
predicted agency stability of demand this year in the United States , the biggest oil consumer in the world , "but if it continues Price walk in the upward trend recorded in recent times there may be more than doubled. " 
It is expected that China is the second largest source of demand in the world 's growth of 330 thousand barrels per day this year , including much lower than the average of ten years of 440 thousand barrels per day . 
the agency said "we expect to contribute to India and other smaller Asian economies are not members of the Organization for economic cooperation and development , with most growth in 2016, the fundamental factors for the growth of global demand is good but not very strong."

[tigergorzow]

Yota Thanks, GM DV, It looks like the Oil prices are on the rise and will definitely benefit many countries budget deficit most importantly Iraq's. Let's hope this will trigger "HCL" & "RV" simultaneously.

Keeping the faith!!

GO RV!!

[6ly410]

GO RV

[Candy01]

PRAYING HARD, tiger!

 

[yota691]

The International Energy: We hope that oil prices at $ 50

 

 

         

3/12/2016 0:00 

 PARIS agencies 

announced that the International Energy Agency on Friday that oil prices after it reached its lowest level began to recover with the start of the rapid decline of production in theUnited States and oil - producing countries outside the "OPEC" and the growth of Iran 'sproduction of a weak pace, and noted the agency, which coordinates energy policy forindustrialized countries , he now believes that the level of production from outside theOrganization of Petroleum exporting countries "OPEC" will decrease by 750 thousand barrels per day in 2016 compared with 600 thousand barrels per day , according toestimates of the 

former. 

the agency , which is based in Paris to her that "there are clear signs of that market forces achieved positive results, although producers with high cost are reducing production, hoping to raise the price of a barrel of oil to $ 50 , compared with the current of $ 40 price ", come the agency 's comments came after a few hours of high oil prices ,influenced by the support of new investments and the dollar 's decline , which It reduces the cost of fuel importers who use other currencies.

[thesjeske]

So sorry JG1, while scrolling on my iPad on this thread I negged you by mistake. Can someone help me out here. Much appreciated DV

 

done!

[Rockymtnhi]

$45 won't run the country.  They couldn't even do it at $100.  They didn't RV at $100 either.  Getting back there won't produce an RV.  The money supply in the trillions is the issue. 

[yota691]

Parliamentary Economy: the coming months will see a rise in Asaralinvt to $ 55 a barrel

economy

 Since 03/12/2016 20:48 pm (Baghdad time)

 Special - balances News

He assured the Committee of Economy parliamentary member Ahmed Kanani, said on Saturday that the coming months will see a significant rise in oil prices and expectations of a height to $ 55 a barrel.

He said Kanani's / balances News /, "The American program, which reduce supply to increase demand has helped push world oil prices," asserting that "the coming months will see a rise in oil prices to $ 55 per barrel."

He said the parliamentary economic committee member, said that "increasing production with the stability of oil prices above $ 40 will help the advancement of the economy, out of the crisis experienced by the country," noting that "activation of Ceyhan oil line facilitated the process of transporting oil exported to European countries easier than it is in the lines South. " It ended 29

From: Haidar Almitm