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Don961 - Article Quote: "Nymex Crude Futures For February delivery rose 0.7 Percent To $ 64.03 A Barrel By 10:51 am GMT." !


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CNN. Broadcasting While Making Crude Jokes !

 

 

1-11-2018   Newshound Guru Don961  Article quote: 

"Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT."  

Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
 11 January 2018 02:13 PM. 

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23 minutes ago, DinarThug said:

Oil is rebounding and the Nymex is above $ 64 for the first time since 2014

Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
 
 11 January 2018 02:13 PM
Mubasher: Oil prices continued to rise strongly during Thursday trading, to climb US crude above $ 64 a barrel for the first time since December 2014.
 
Black gold benefited from the continued decline in US crude stocks for the eighth week in a row , and continues to forecast the balance of the market this year.
 
The US Energy Information Administration announced yesterday that oil inventories fell by 4.9 million barrels in the week ending on January 5.
 
The UAE Energy Minister predicted the oil market will be balanced this year, with Opec's commitment to a cut production agreement.
 
Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT.
 
Brent crude for March delivery rose 0.5% to $ 69.54 a barrel.

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Oil is rebounding and the Nymex is above $ 64 for the first time since 2014

Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
 
 11 January 2018 02:13 PM
Mubasher: Oil prices continued to rise strongly during Thursday trading, to climb US crude above $ 64 a barrel for the first time since December 2014.
 
Black gold benefited from the continued decline in US crude stocks for the eighth week in a row , and continues to forecast the balance of the market this year.
 
The US Energy Information Administration announced yesterday that oil inventories fell by 4.9 million barrels in the week ending on January 5.
 
The UAE Energy Minister predicted the oil market will be balanced this year, with Opec's commitment to a cut production agreement.
 
Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT.
 
Brent crude for March delivery rose 0.5% to $ 69.54 a barrel.

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Later In The Day It Went Above $70 ! :o 

 

:D  :D  :D 

 

29 minutes ago, DinarThug said:

for the first time since late 2014 .. Oil exceeds $ 70

For the first time since late 2014 .. Oil exceeds $ 70
 Twilight News    
 
 3 hours ago
 

Oil prices broke the $ 70 a barrel barrier for the first time since late 2014 on Thursday despite warnings that the 13% rise since early December is nearing an end.

Brent crude was above $ 70 at 4:45 GMT, before retreating to $ 69.1.

Investors' sentiment was boosted by a surprise drop in US production and a decline in US crude stocks, according to official data on Wednesday.

Data from the US Energy Information Administration showed on Wednesday crude stocks fell nearly 5 million barrels in the week ending January 5 to 419.5 million barrels.

The US Energy Information Administration said US oil production also fell 290,000 barrels per day to 9.5 million bpd despite expectations that production would exceed the 10 million bpd barrier.

The decline is expected to be short-lived, and the reason for the decline is likely to be due to severe cold weather, which has halted some North American land-based production.

The UAE Energy Minister and current OPEC President, Suhail Al Mazrouei, said he expected the crude market to be balanced in 2018 and that the organization was committed to its agreement to cut supplies by the end of the year.

Output cuts led by the Organization of Petroleum Exporting Countries (OPEC) and Russia are supporting prices. The cuts began in January last year and are due to continue until the end of 2018.

 

 

for the first time since late 2014 .. Oil exceeds $ 70

For the first time since late 2014 .. Oil exceeds $ 70
 Twilight News    
 
 3 hours ago
 

Oil prices broke the $ 70 a barrel barrier for the first time since late 2014 on Thursday despite warnings that the 13% rise since early December is nearing an end.

Brent crude was above $ 70 at 4:45 GMT, before retreating to $ 69.1.

Investors' sentiment was boosted by a surprise drop in US production and a decline in US crude stocks, according to official data on Wednesday.

Data from the US Energy Information Administration showed on Wednesday crude stocks fell nearly 5 million barrels in the week ending January 5 to 419.5 million barrels.

The US Energy Information Administration said US oil production also fell 290,000 barrels per day to 9.5 million bpd despite expectations that production would exceed the 10 million bpd barrier.

The decline is expected to be short-lived, and the reason for the decline is likely to be due to severe cold weather, which has halted some North American land-based production.

The UAE Energy Minister and current OPEC President, Suhail Al Mazrouei, said he expected the crude market to be balanced in 2018 and that the organization was committed to its agreement to cut supplies by the end of the year.

Output cuts led by the Organization of Petroleum Exporting Countries (OPEC) and Russia are supporting prices. The cuts began in January last year and are due to continue until the end of 2018.

 
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1-11-2018   Newshound Guru G-Lin  Article: 

"Iraq and Saudi Arabia discuss the formation of a joint economic coordination council"   

Quote:  "the ministry's approach to opening up to the private sector for the purpose of concluding partnership agreements under the Companies Law, which allowed government companies to contract with Arab and foreign companies..."  

The Companies Law was very important.

It helps open Iraq up to foreign investors.

And I love this statement:  

"Iraq's possession of minerals.

The largest in the region".

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27 minutes ago, Gypsygirl11 said:

Lookin good

 

Thx - I Got All Kinds Of These Super Wicked New Shades Of Makeup For Christmas ! :o 

 

 

 

 

 

So Let Me Know If U Need To Borrow Any ...

 

:D  :D  :D 

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1 hour ago, siberian_shaddow said:

I miss Sandfly being around thanking everyone 

 

Ya I Noticed That As There Recently Became More Of The Older Threads In The News Section In Which Some Of The New Threads And Articles Were Getting Combined Into - That Several Weeks Ago He Was Having Fewer And Fewer New Threads To 'Thank' Each Night ! :blink:  

 

 

So I Think That He May Have Gotten Too Antsy And Now Might Be Wandering The Village Next To His Base Each Night 'Thanking' Complete Strangers ! :o 

 

:D  :D  :D 

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22 hours ago, DinarThug said:

Amendments to the new Central Bank Law

 
1/10/2018 12:52:35 AM
 

BAGHDAD /
Tariq Harb

On 2018/1/2 the Official Gazette of the Iraqi Gazette No. 4475 was issued on 2 January 2018,including Law No. (82) for the year 2017, the Second Amendment Law of the Central Bank Law No. (56) for the year 2004. The amendments were distributed to ten articles, 10, 11, 27, 32, 48, 72 and 16). Finally, a general amendment to cancel the term of bonds and treasury bills and use the most accurate term is the term securities and well done the new amendment law to increase the capital of the bank to trillion dinars that the amount before the amendment was an incorrect amount and the duties and duties of the bank being responsible On monetary policy affected by fiscal policy All its economic, industrial, commercial and even social activities.

And what was required to amend the provisions of the management of the bank formation of the Audit and Audit Committee provided the selection of the most efficient and know what did the amendment and this is what can be said about the amendment of the composition of the Council and that we object to the use or it was necessary to use the wow to have experience in financial affairs and experience in banking And experience in legal affairs and not only one of these terms of reference as stated in the amendment law to collect financial, banking and legal expertise and not one of them only as stated in the amendment and well done the amendment to cancel the provisions of the foreign exchange reserve and the official reserve management of foreign exchange Especially the amendment to paragraph (c) relating to accounts and perform international investment instruments at the International Monetary Fund and the use of financial derivatives in investment portfolios and MEMRI amendment by adding a new provision, the provisions of the last lender ..

The amendment included a new task for the bank in issuing commemorative coins and amending the provisions of the external financial review by making the appointment of the external review by the bank and not the Ministry of Finance, although we believe that the task of this task is to the cabinet to the seriousness of this company and its duration of up to five years and to remove the suspicion of complicity The sergeant should not be chosen by the owner of the relationship, ie the bank chooses the company that is watching him, especially since the amendment has been allowed to be for ten years and it was correct to amend the provisions of the immunity for the seizure of the bank's money, although the general rule that state funds may not be reserved as scheduled Civil Law and Implementation Law The amendment was amended to deal with the provisions of the rules of procedure contained in the powers of the Council and its functions, and in all cases, they are good amendments produced by the practical situation.

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As stated on WCC .... already passed and in the Official Gazette .... or as our basketball announcer says .... "This one is in the bank and drawing interest !!"... 000044medium_gif

 

1-12-2018   Newshound Guru Don961  Article: 

"Amendments to the new Central Bank Law"   ...

already passed and in the Official Gazette...

or as our basketball announcer says...

"This one is in the bank and drawing interest !!"... (wink)

Edited by DinarThug
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1-12-2018   Newshound Guru G-Lin   Article: 

"Mehdi Alaq discusses with the heads of business councils and economic unions the investment climate

Quote:  "Discussed by the Secretary-General of the Council of Ministers d. Mahdi Al-Alak, 

the main recommendations to ensure an appropriate climate for investment,

with a number of heads of councils,

financial and economic unions and Iraqi businessmen and investors."   

This is  big deal. This first quarter is shaping up. 

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1-13-2018   Newshound Guru Aggiedad77   THE ARTICLES KEEP GETTING GOODER AND GOODERER...  

IMO....IMSO WE ARE SEEING GREAT THINGS UNFOLD...THE CBI IS TALKING AGAIN...OR MAYBE I SHOULD SAY STILL...

WHAT SIGNALS ARE THEY CALLING, NOT FROM THE HUDDLE BUT FROM THE LINE OF SCRIMMAGE...OR MAYBE THOSE SIGNALS ARE BEING CALLED AS THE BALL BOUNCES DOWN THE COURT, READING THE DEFENSE LIKE A MARKED DECK OF CARDS...SIGNALS BEING THROWN LEFT AND RIGHT THROUGH THESE ARTICLES, EITHER FROM THE CBI OR BY SOME OF THEIR MORE PROMINENT BANKS IMO....  

AGAIN IMSO...THIS LEADS ME TO THINK THERE WILL BE A PLETHORA OF INFORMATION AS WE WALK INTO THIS NEXT WEEK...

WAIT... OH YES WE SHALL WAIT...BECAUSE WE HAVE TO...NO...

BECAUSE WE WANT TO...WHY...BECAUSE WE KNOW THE BEST IS COMING...WAIT FOR IT...IMO.

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1-13-2018   Newshound Guru G-Lin   Article:   

"Russia drops debts to three Arab countries worth $ 36 billion"  

Quotes:  "Russia has decided to drop 21.5 billion dollars in sovereign debt to Iraq..."  

"Storchak noted that the $ 140 billion would be due to the re-calculation of current exchange rates and that the debts would result from the supply of weapons and defense equipment.  

My thinking was why even mention "current exchange rate" unless you intend to see a change in rate?

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1 hour ago, DinarThug said:

1-13-2018   Newshound Guru G-Lin Article: "Russia drops debts to three Arab countries worth $ 36 billion"  

Quotes:  "Russia has decided to drop 21.5 billion dollars in sovereign debt to Iraq..."  

"Storchak noted that the $ 140 billion would be due to the re-calculation of current exchange rates and that the debts would result from the supply of weapons and defense equipment.  

My thinking was why even mention "current exchange rate" unless you intend to see a change in rate?

 

Russia drops debts to three Arab countries by about 140 billion dollars

14/1/2018 1:42 am 
Capitals / follow-up Mustafa Hashemi 

Russia has written sovereign debt to several countries over the past 17 years amounting to $ 140.2 billion, including to Arab countries such as Iraq and Syria And Algeria. 
The external debts have overshadowed the economic performance of Iraq in terms of its impact on public budgets. The accumulated debts caused by the events in the country led to the need to get rid of them in order to reach the settlement of these debts because of their clear impact in supporting economic development. 

Soviet debt 
The Russian newspaper Komsomolskaya Pravda recently published a report revealing the countries whose debt and debt were written off by Moscow. Most of the debt is from the Soviet era and was specifically granted between the mid-1950s and 1991. 
Russia has cut $ 21.5 billion in debt to Iraq and $ 9.8 billion to Syria in exchange for deals worth $ 4.7 billion for construction, oil and gas and Algeria. 
The Deputy Minister of Finance, Sergei Storchak, during his conversation with "Komsmolskaya Pravda" that governments in the world grant loans to countries in the world to obtain privileges in return for preferential terms for its products or investors in the country Borrower. 

I am a loan 
"Loans are divided into two types. In the first, funds are used to finance the purchase of goods and products from the lender country, and the second is used as financial aid to borrowers to overcome the difficulties they face," he said. 
Storchak added that the $ 140 billion was made after the re-calculation of current exchange rates, much of which came from the supply of weapons and equipment Defensive. 

Debt file 
The economic researcher Firas Amer pointed out earlier that "the closure of the file of foreign debt, it is necessary to the current stage in order to start a process of real economic development as that debt restricts the Iraqi economy and impose specific mechanisms for investment spending have greatly affected the development of 
The country. "Amer saw the possibility of transferring some of the other external debt to long-term or medium-term investments after coordination and agreement with creditor countries. 
Iraq's foreign debt has been classified into four categories: Paris Club debt, non-Paris Club debt, commercial creditor debt (foreign private sector), GCC debt plus consultant contracts (accounting) And legal). 

External debt 
It is noteworthy that the position of Iraq's external debt, as announced by the Ministry of Finance years ago, shows that the total debt settled for the Paris Club countries was about 51.6 billion dollars in 2004 and became the end of 2012 up to 9.444 billion dollars. 
The total debt settled for countries outside the Paris Club was about $ 18.33 billion in 2004 and became $ 2.712 billion in 2012, while the total commercial debt processed by about $ 19 billion in 2004 and became in 2012 (3.681) billion dollars. 

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1 hour ago, DinarThug said:

1-13-2018   Newshound Guru G-Lin   Article:   

"Russia drops debts to three Arab countries worth $ 36 billion"  

Quotes:  "Russia has decided to drop 21.5 billion dollars in sovereign debt to Iraq..."  

"Storchak noted that the $ 140 billion would be due to the re-calculation of current exchange rates and that the debts would result from the supply of weapons and defense equipment.  

My thinking was why even mention "current exchange rate" unless you intend to see a change in rate?

 

Geez, somebody figure out the rate, quick!

 

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1.16

 

heres how I came up with it

 

1 usd to Ruble is like 56 rubles

 

2,500,000,000 divided by 56 is like 38.3 million

140,000,000,000 divided by 56 is 2.5 Billion

 

2.5 Billion divided by 38.3 million is 65

 

65 divided by 56 is 1.16

 

But I’m not a mathematician or an economist just an semi educated guess

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26 minutes ago, NEPatriotsFan1 said:

1.16

 

heres how I came up with it

 

1 usd to Ruble is like 56 rubles

 

2,500,000,000 divided by 56 is like 38.3 million

140,000,000,000 divided by 56 is 2.5 Billion

 

2.5 Billion divided by 38.3 million is 65

 

65 divided by 56 is 1.16

 

But I’m not a mathematician or an economist just an semi educated guess

 

I'll be happy with that. I just want them to do it already. How does Russia know what the new exchange will be if they haven't talked about it yet and if they have I would think it must be close for them to know. 

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