Mon. PM TNT News Articles 3-21-22



The global market opens on a jump in oil prices

Oil prices jumped with the opening of the market today, Monday, due to the continuation of the war in Ukraine, while major oil producers reported that they are struggling to produce their quotas allocated under a supply agreement.

Brent crude futures rose $3.24, or 3 percent, to $111.17 a barrel at 04:31 GMT, adding 1.2 percent last Friday.

US West Texas Intermediate crude futures rose $3.23, or 3.9%, to $107.93.

With little sign of easing the conflict, the focus is back on whether the market will be able to replace the Russian barrels damaged by sanctions.

The latest report from the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia showed that some producers were still falling short of agreed supply quotas.

OPEC’s Saudi Arabia and the United Arab Emirates, which have the ability to raise production immediately, have so far resisted calls from major consuming nations to raise production faster to help lower oil prices.

A poor supply outlook and higher prices prompted the International Energy Agency on Friday to identify ways to cut oil use by 2.7 million barrels per day within four months — including car pooling, lower speed limits and cheaper public transportation.

This will help offset 3 million barrels per day of Russian crude and products that the International Energy Agency has estimated will be off the market by April.  link

Al-Kazemi in a strong message to the political blocs: Be aware of the danger of inaction, and enough is enough

{Political: Al-Furat News} Prime Minister Mustafa Al-Kazemi sent a strong message to the political forces,” calling for “the revival of the committee to rewrite the constitution.”

Al-Kazemi said during his inauguration of Al-Batool Teaching Hospital, with a capacity of 220 beds, on the right side of Mosul: Through the projects and the workshop in the governorate.

“Six months after the elections, political forces are required to assume their responsibilities and work to form a government that will assume its responsibilities in serving the citizens,” he added.

And Al-Kazemi continued: “We say enough is enough for indulgence and laziness, today we must work together to restore consideration for all of Iraq, and to stop at all the stations that led us to this political blockage. Building Iraq.

He stressed, “We must work together in the spirit of one team as Iraqis. We have no choice but Iraq, and we must serve it, and today we are facing a model of cooperation between the Husseiniya Shrine, the Ministry of Health and Nineveh Governorate, a model that proves that Iraqis can overcome many crises in building their country.” .

The Prime Minister stressed, “The political forces must be aware of the danger of inaction, and we must think about people and their dignity in order to serve them, and I thank the people of the province for their patience in dealing with challenges.”

And he said, “Today we stand among our people in our beloved Mosul, Umm al-Rabeein, to inaugurate this health edifice, which was implemented by the Hussainiya Holy Shrine in Karbala Governorate in cooperation with the Ministry of Health and the Governorate Health Department, which indicates the cooperation of Iraqis to build their country.”

Al-Kazemi extended his thanks to the wise Supreme Reference and the Holy Shrine of Husseiniya, which achieved this health edifice, in addition to all the good efforts that made the effort and giving so that the hospital would turn into a reality that serves the people of the province.

He cautioned that “in order to build the state, we need to protect the dignity of citizens, and health care is part of the dignity of the citizen, and there are many health projects that have been sluggish over the past years, but the government, despite the circumstances, has succeeded in reviving many lagging projects with regard to health.” In our provinces and throughout Iraq.

He pointed out, “I remind the Iraqis that the world is going through difficult and complicated circumstances due to the Russian-Ukrainian war, and the rise in food prices, which in some cases rose by double rates, but despite the lack of a budget, the government took decisions to support the citizen, and to control prices, and we stopped customs, taxes and some fees so as not to Citizens are affected by the consequences of rising prices.

Al-Kazemi called for “working with all strength to form a government that performs its duties and entitlements. The next phase is a phase of entitlements. This government has succeeded in protecting the Iraqi economy from collapse, through many reform measures.”

“We presented a vision for economic reform, and we hope that the next government will adopt the white paper, which all international economic organizations emphasized its importance and seriousness in reform,” he added.

The reduction in the price of the dollar is coming.. a political alliance announces its mechanism to return the previous exchange in parliament

A member of the State of Law coalition, Hussein Al-Battat, confirmed today, Sunday, that the demands of some political blocs to reduce the .price of the dollar are just slogans Al-Battat said in a statement to (Baghdad Today):

“We are working to gather the majority in Parliament to work to reduce the price of the dollar against the dinar to relieve the burdens of simple citizens whose economic situation has been greatly “.affected by the decision to raise the price of the dollar

He added, “The slogans of some political blocs calling for the return of the exchange “.rate are in fact against this matter

Al-Battat added, “The matter of these blocs will be seen during the process of “.collecting votes to reduce the price of the dollar   link

Source: Dinar Recaps


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