Oil Rises Significantly And Is Heading For Gains For The Third Week In A Row, 1 JULY

 Oil Rises Significantly And Is Heading For Gains For The Third Week In A Row

Saturday 29 June 2024 08:55 | Economic Number of readings: 206  Baghdad / NINA / Crude oil prices witnessed a noticeable rise during global market trading, and prices are heading to achieve gains for the third week in a row, supported by improved market sentiment regarding the possibility that American demand for crude oil will increase during the coming period, driven by strong economic growth data in the United States. United States (the largest consumer of crude oil in the world).

At the end of trading yesterday, Friday, spot contracts for Brent crude witnessed a jump of 0.34% and reached about $85.66 per barrel, and spot contracts for West Texas Intermediate crude also rose by 0.57% and recorded about $82.22 per barrel.

Crude oil prices received support that enhanced their rise during global market trading on Friday, after data received from the US Bureau of Economic Analysis yesterday showed that the final reading of the gross domestic product growth rate in the United States recorded a growth of 1.4% during the first quarter of this year, In the same quarter, the US GDP price index recorded a growth of about 3.1% during the first quarter, which reinforced market speculation about the possibility that US demand for crude oil would increase during the coming period, supporting oil price levels in the market.

In this regard, crude oil prices recorded a clear rise during market trading, amid the prevailing state of fear in the global market regarding the possibility that the crude oil market will be exposed to a large supply deficit during the coming period, especially after a Ukrainian plane caused a fire to break out in an oil tank for the Russian Druzhba pipeline.

(One of the largest parts of the Transneft system, which monopolizes Russian pipelines), in the Tambov region, southeast of Moscow, which led to a fire in a crude oil warehouse, which pushed oil prices to rise in the last week’s trading.

Also, crude oil prices rose significantly during trading, coinciding with the escalation of geopolitical tensions in the Middle East between Israel and Lebanese Hezbollah, with Hezbollah intensifying its attacks with missiles and drones in northern Israel during the past weeks, which increased pressure on the Israeli government, and led to... Escalating tensions in the region, which may extend to areas rich in crude oil, and this would enhance expectations of the possibility that the oil market will be exposed to a shortage of supplies, and lead to a rise in crude oil prices in the market.https://ninanews.com/Website/News/Details?key=1137691

"IRAQ BOOST ON THE GROUND REPORT" BY FIREFLY, 1 JULY

   [Iraq boots-on-the-ground report] 

 FIREFLY:

We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO.  This is going to be official...July the 18th.  FRANK:  To join the WTO Iraq does not need a currency with value.  No, that's not the point.  Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

 FIREFLY:
The television is saying parliament committee is saying there is a new number in the budget.  They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process..

IRAQI DINAR ✅ GOOD NEWS FOR US CITIZEN |IRAQI DINAR NEWS TODAY 2024| IRA...

A Deputy Identifies The Positive Points In The Chinese Agreement.. “The Best For The Iraqi Economy.”, 1 JULY

 A Deputy Identifies The Positive Points In The Chinese Agreement.. “The Best For The Iraqi Economy.”

Posted On 06-29-2024 By Sotaliraq   Today, Saturday, Representative Rafiq Al-Salhi identified the positive points in the Baghdad-Beijing Agreement and its impact on the national economy.

Al-Salhi said in an interview, “No one disagrees on China’s economic dimension on the international stage at the present time, with its capabilities growing in all fields to become a major economic power on the global level.”

He added, “The economic agreement between Baghdad and Beijing is important for both parties and carries positive dimensions in terms of creating flexibility in the implementation of strategic projects by Chinese companies that are distinguished by their ability, high efficiency, and interaction with the situation in a positive way.”

He pointed out that "the Baghdad-Beijing agreement is the best for the national economy, and reviving its provisions will constitute another support in opening new economic horizons through development projects, especially with regard to the Grand Faw Port."

It is noteworthy that Iraq signed an economic agreement with China during the era of Abdul Mahdi’s government, but international pressure led to its postponement.  LINK

https://www.sotaliraq.com/2024/06/29/%d9%86%d8%a7%d8%a6%d8%a8-%d9%8a%d8%ad%d8%af%d8%af-%d8%a7%d9%84%d9%86%d9%82%d8%a7%d8%b7-%d8%a7%d9%84%d8%a7%d9%8a%d8%ac%d8%a7%d8%a8%d9%8a%d8%a9-%d9%81%d9%8a-%d8%a7%d9%84%d8%a7%d8%aa%d9%81%d8%a7%d9%82/#google_vignette

"RV UPDATE" BY FRANK26, 1 JULY

 Frank26 

 The ATM machines are like piñatas.  They're ready to burst wide open and give everybody their sweet blessings.  No doubt. 

  Question "Is it safe to give somebody at the bank your money before it's verified?"  NO! ...Take care of them.  Don't let them out of your sight...If you go to a bank and they say we're going to exchange the currency for you but we're going to have to take this currency and send it to the upper echelon bank...do a 180, about face, and run like the Road Runner.  Get away from them as fast as you can.  You never want to give up your dinars to anybody...Simply say, give me the address of that bank and you take them.

 Sudani...I honestly feel he has put everybody ...in checkmate...He put Kurdistan and Barzani in checkmate when he showed them the new exchange rate IMO.  He put all the contractors in checkmate ...when they rewrote [contracts] with the new exchange rate IMO...

Sudani has...all those involved in monetary reform in checkmate, even the United States of America, WTO, everybody is in checkmate...Look at all the excitement...pomp and circumstances pointing at Iraq from everybody... bowing to Iraq...You got the oil we want...The whole world knows Iraq are in control of them.

Iraqi Dinar Guru News Highlights (6/28/24)

Investment: Iraq Has Become An Important Economic Destination In The Region, 1 JULY

 Investment: Iraq Has Become An Important Economic Destination In The Region

 Information/Baghdad..   The National Investment Commission confirmed today, Saturday, that Iraq has become an important investment destination in the region and the world.

 The Authority’s media said in a statement to the “Al-Ma’louma” Agency,  “The improvement in the investment climate inside Iraq reflects the government efforts made to strengthen the economic and investment sector.”

He added,  "The National Investment Commission monitors its investment and strategic projects in order to continue the rates of achievement and record the nature of the challenges that must be addressed to ensure the progress of work in Baghdad and the provinces."   He pointed out that  "there are major movements to create a safe climate to attract investments that achieve sustainable development in Iraq.”  https://almaalomah.me/news/68835/economy/الاستثمار:-العراق-بات-وجهة-اقتصادية-مهمة-بالمنطقة