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Sat. AM KTFA News Articles 11-26-22

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Samson » November 26th, 2022

Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6

26th November, 2022

Oil prices fell 2% in Friday’s session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West’s placing a ceiling on the price of Russian crude

Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains. US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters

Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude

There was no settlement of WTI contracts on Thursday due to the Thanksgiving holiday in the United States and trading volumes remained low “Because volume is thin after the holiday, we gave up some of the gains here to some extent,” said Phil Flynn, analyst at Price Futures Group

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Both contracts recorded their third consecutive weekly decline, after reaching their lowest levels in ten months last week. Brent ended the week down 4.6%, while WTI fell 4.7%

On Friday, China, the world’s largest oil importer, announced a new record high daily number of “Covid-19” infections, as the country’s cities continued to impose travel bans and other restrictions aimed at controlling the outbreak

On the other hand, diplomats from the Group of Seven countries and the European Union are discussing imposing a price ceiling on Russian oil between $65 and $70 a barrel, but no agreement has yet been reached. European diplomats said a meeting of EU government representatives, scheduled for Friday evening to discuss the proposal, had been cancelled   LINK

Iraqi companies and factories participate in the “Ninth Halal” exhibition in Istanbul

26th November, 2022

Today , Saturday, the Iraqi General Company for Exhibitions and Commercial Services stated that the Iraqi participation in the “Ninth Halal” exhibition, which started in Istanbul, Turkey, and will conclude tomorrow, aims to represent the country in international economic forums, and to introduce the industry and the national product.

The company’s general manager, Zahra Al-Kilani, said in a statement, a copy of which “Al-Naeem News” received, that “the number of participating parties is within the Iraqi wing. It reached (25) companies and factories, all from the local private sector.

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She explained, “This exhibition was held on the sidelines of the Eighth World Halal Summit, which was held in cooperation with the Islamic Center for Trade Development (ICDT). and the Institute of Islamic Countries for Standardization and Metrology, affiliated to the Organization of Islamic Cooperation.

Al-Kilani indicated, “The Halal Exhibition. It is considered one of the largest exhibitions that are held in this specialty,” noting that “the aim of holding this event is to provide a suitable environment for the exchange of experiences between participants, researchers and experts. in different parts of the world with regard to the concept of halal. Which includes (halal food and drinks, cosmetics, personal care, tourism, housing, financial and banking services, and fashion).  LINK

Source: Dinar Recaps

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