“February 9th Plays a Factor” – Mon. PM KTFA Thoughts/News 1-24-22



Samson » January 24th, 2022

The price of a barrel of Brent crude jumps to 88 dollars

24th January, 2022

Oil prices jumped on Monday, with Brent crude futures rising 87 cents, or 1.0%, to $88.76 a barrel, ending a 0.6% decline on Friday.

US West Texas Intermediate crude futures rose 86 cents, or 1.0%, to $86.00 a barrel, after falling 0.5% on Friday.

Both benchmarks rose for the fifth consecutive week last week, about 2%, their highest level since October 2014. Prices have risen more than 10% so far this year due to fears of tight supply.  LINK

An Economist Talks About The Price Of A Barrel Of Oil In The 2022 Budget

23rd January, 2022

Economist Dia Al-Mohsen expected, on Sunday, that the price of a barrel of oil in the 2022 budget will be $70, which will provide $140 billion in oil imports.

Al-Mohsen said in a statement to the Information Agency, that “the increase is not only in oil prices, but there is a significant increase in the demand for oil quantities, which will explode the 2022 budget to 140 billion dollars in oil imports if the price of a barrel of oil is set at 70 dollars,” noting that “The price of $70 per barrel is the best price to protect the budget.”

He added that “there are also $50 billion in non-oil resources from taxes, tourism, and customs, in addition to the remaining rise in the price of a barrel of oil estimated in the budget, which means that the next budget will be an explosive amount of $190 billion.”

And he indicated that “there is a financial abundance that will be in the next budget, given the price of oil, but the problem lies in the financial legislature. Is it capable of managing investment projects and providing job grades?”  LINK

Before its session tomorrow .. a legal expert clarifies what follows the decision of the Federal Court and the options presented

However, he added, “But if the court revokes the first session of Parliament and its outcomes, then the President of the Republic, Barham Salih, will call the Parliament for a new session to elect a speaker of Parliament and his two deputies in accordance with Articles 54 and 55 of the Constitution. A confusing political scene, but Parliament can avoid this and remain within the time limit for electing the President of the Republic, no later than February 9.  LINK

Popeye7 » January 24th, 2022

Imo, interesting that tomorrows decision by the Iraqi Federal Court, February 9th plays a factor in the election of the President of the Republic… That date is the same day that the UN has chosen to officially announce that Iraq is no longer under chapter 7…

Source: Dinar Recaps


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