WOTS WED MAY 12 21
No My FX Buddies Podcast today
The Shafaq News Agency correspondent said that the dollar prices on the Erbil Stock Exchange witnessed a rise today compared to Tuesday, as the selling price reached 146,650 dinars per hundred dollars, and the purchase by 148,500 dinars per hundred US dollars.
Our correspondent indicated that the main stock exchange markets in Baghdad are closed as a result of the comprehensive ban that will last for 10 days.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1438.5000 |  1488.0000 | 1456.0000 | 1454.7000 | 1456.0000 | -2.8000 | 00:09 |
| USD/VND | 23053.0000 | 23056.0000 | 23051.3000 | 23050.7800 | 23051.3000 | -0.2300 | 00:09 |
| USD/CNY | 6.4388 | 6.4408 | 6.4438 | 6.4278 | 6.4285 | 0.0107 | 05:14 |
| USD/KWD |  0.3005 | 0.3015 | 0.3005 | 0.3005 | 0.3005 | 0.0000 | 04:37 |
| GBP/USD | 1.4134 | 1.4135 | 1.4149 | 1.4107 | 1.4139 | -0.0005 | 05:14 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14252.0000 | 14252.0000 | 14269.0000 | 14184.0000 | 14185.0000 | 66.0000 | 05:14 |
9-year-old DJ scratches her way to fame...
Inside Secretive Swiss Bank for World's Richest...
Casinos match best quarter ever...
Inheritance tax poised for comeback...
BRAIN IMPLANT MADE MICE IMMEDIATELY BECOME FRIENDS...
All eyes are on this inflation number, which could have the biggest gain in nearly a decade
Oil is rising on lower US inventories and strong demand expectations
Oil prices rose on Wednesday, extending their overnight gains, after industry data showed a drop in US crude inventories, boosting the strong demand outlook for OPEC, and as the largest US fuel pipeline nears a sixth day.
U.S. West Texas Intermediate crude futures rose 13 cents, or 0.18 percent, to $ 65.40 a barrel by 05:33 GMT, extending their 36 percent rise on Tuesday.
Brent crude futures rose 9 cents, or 0.13 percent, to $ 68.63 a barrel, extending its gains 23 percent on Tuesday.
Data from the American Petroleum Institute industry group showed that US crude oil inventories fell by 2.5 million barrels in the week ending May 7.
The withdrawal came before the pipeline in America was subjected to a cyber attack last Friday that forced the pipeline, which carries more than 2.5 million barrels per day of fuel, to close, and the operator said it hopes to restart a large part of the network by the end of the week.
Meanwhile, the market remained alert, as fuel at gas stations from Florida to Virginia began running out of fuel on Tuesday as drivers rushed to fill their tanks and pumping prices rose dramatically.
Oil prices also received support from the latest forecasts issued by the Organization of the Petroleum Exporting Countries (OPEC), which adhered to expectations of a strong recovery in global oil demand in 2021, with growth in China and the United States surpassing the impact of the Corona virus.
OPEC said it expects demand to rise by 5.95 million barrels per day this year, unchanged from its forecast last month, however, it has lowered its demand forecast for the second quarter by 300,000 barrels per day due to the high incidence of Covid-19 virus in India.
Iraq agrees with China to invest gas in Maysan
The Ministry of Oil revealed, on Wednesday, that it was holding talks with the United States and China to invest gas in Dhi Qar and Maysan, while indicating that the Karbala refinery will work to stop the import of oil derivatives.
A spokesman for the Ministry of Oil, Assem Jihad, said in a statement that “ Iraq has achieved through investing in gas up to 1500 million cubic meters per day, and as a result the Ministry of Oil started to develop plans, including announcing an investment plan worth 3 billion in the Basra Oil Company. , Which will achieve an increase in gas investment, as well as an increase in production up to 40% of national production.
Assem added, "The ministry will soon sign with Baker Hughes, one of the arms of General Electric Company, to invest all the gas in Dhi Qar Governorate," indicating that "the ministry has agreed with a Chinese company for gas investment located in Maysan Governorate."
He added that "the governorates of Maysan and Dhi Qar will add up to 500 million cubic meters per day," noting that "there are advanced discussions with Total in the Artawia gas investment field, and as a first stage they will start with an increase in production up to 300 million cubic meters in a record time, and this would "This will be reflected on gas investment, which will positively affect national gas production."
Regarding Mustafa Karbala's file and efforts to achieve self-sufficiency in oil derivatives, Jihad said, "The ministry has made a great achievement in the Karbala oil refinery project in the Karbala province, which is one of the most promising projects and a quantum leap in the manufacturing industry and refineries."
He added that "the Karbala refinery is integrated in terms of infrastructure, as well as the technology used in this project, which comes within European specifications, which would meet a large part of the Iraqi national production and fill the local need." Residues of more than 50% or less of black oil, and all of its production is white, high-specification, environmentally friendly products.
Jihad pointed out that "the completion rate of the Karbala refinery project is currently about 90%, and it is hoped to start the stages of trial operation early next year, which will stop the import after operating this refinery, in addition to other projects."
Iraq agrees with China to invest gas in Maysan
The Ministry of Oil revealed, on Wednesday, that it was holding talks with the United States and China to invest gas in Dhi Qar and Maysan, while indicating that the Karbala refinery will work to stop the import of oil derivatives.
A spokesman for the Ministry of Oil, Assem Jihad, said in a statement that “ Iraq has achieved through investing in gas up to 1500 million cubic meters per day, and as a result the Ministry of Oil started to develop plans, including announcing an investment plan worth 3 billion in the Basra Oil Company. , Which will achieve an increase in gas investment, as well as an increase in production up to 40% of national production.
Assem added, "The ministry will soon sign with Baker Hughes, one of the arms of General Electric Company, to invest all the gas in Dhi Qar Governorate," indicating that "the ministry has agreed with a Chinese company for gas investment located in Maysan Governorate."
He added that "the governorates of Maysan and Dhi Qar will add up to 500 million cubic meters per day," noting that "there are advanced discussions with Total in the Artawia gas investment field, and as a first stage they will start with an increase in production up to 300 million cubic meters in a record time, and this would "This will be reflected on gas investment, which will positively affect national gas production."
Regarding Mustafa Karbala's file and efforts to achieve self-sufficiency in oil derivatives, Jihad said, "The ministry has made a great achievement in the Karbala oil refinery project in the Karbala province, which is one of the most promising projects and a quantum leap in the manufacturing industry and refineries."
He added that "the Karbala refinery is integrated in terms of infrastructure, as well as the technology used in this project, which comes within European specifications, which would meet a large part of the Iraqi national production and fill the local need." Residues of more than 50% or less of black oil, and all of its production is white, high-specification, environmentally friendly products.
Jihad pointed out that "the completion rate of the Karbala refinery project is currently about 90%, and it is hoped to start the stages of trial operation early next year, which will stop the import after operating this refinery, in addition to other projects."
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
[reference MarkZ post 5-11-2021]
5-11-2021 Newshound Guru MilitiaMan The ISX clearing is very important because it 'closes out the books' clearing all trade and doing it at a time frame where they have a convergence...They closed the stock exchange on the 10th and it's not going to open again till the 23rd...there's a time frame where the banks close one more time during that ten day period, which is on or around the 20th which is a Thursday...so if you have that in mind and you think that they are setting the stage for something we could see a time frame where the stock exchange is...ushering in the new...the Central Bank could be very vocal. And that's what we're hoping for.
5-11-2021 Newshound/Intel Guru Petra We are seeing a formation. I think we're driving toward a point where this thing is coming to fruition...This whole meeting [BIS and PTB] was about the imminent launch of Iraq on the BUNA platform. It was last Thursday which was the sixth. Three days later they reminded us again of what that meeting was all about. That's part of educating the citizens IOO. That is something very very important as we continue to roll down this timeline... Today they come out and say ISX is closed until May 23rd due to IED and also covid. I call it convenient covid...they need this time to settle the books...
5-11-2021 Newshound/Intel Guru Mnt Goat Iraq is filthy rich...If they could only get the political scene straightened and get rid of the corruption that is stealing their wealth, the nation of Iraq could flourish to unbelievable heights. We read this period of an existence of a surplus in oil revenues of $7 billion, at a minimum, at the end of last month. Then the Parliamentary Oil and Energy Committee in Iraq announced that the accumulated sums from the “petrodollar” fund for previous years are estimated at $25 billion. Oil companies desire to come into Iraq and drill yet more wells to pump yet more oil. Then the World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold in reserves. WOW! What wealth! But the most important point today is this – Why is Iraq telling us this today at this time?
5-11-2021 Intel Guru MarkZ [via PDK] I am told there are still some hardware issues…but that we are still sitting in a very good and very comfortable position…and that we are still very close…The hardware issues are when they try to transfer money. They are quickly working to correct it. They hope to be up and running any moment now and definitely this week.
5-11-2021 Intel Guru Frank26 They are going to raise the value of their currency...articles are casting a shadow of the evidence that they're raising the value of their currency and that's all there is to it. I know you want it like this [Snap] but you can't do that to yourself. This is the Middle East for crying out loud...
5-11-2021 Newshound Guru Pimpy Article: "The government succeeded in filling the deficit gap and facing the recession within a year" That is great news. The deficit is being taken care of. Thank goodness for higher oil prices...remember I told you guys we were looking for other signs - good signs that we just don't have to rely on the RV/RI announcement. There are other indicators out there that will tell you that the value of the dinar would go up. The fact that they're taking care of their deficits - this is good. Making more money than was anticipated - this is good...this is what you want to see.
No comments:
Post a Comment