Thursday, June 6, 2024
Oil Prices Continue To Decline Amid The Increase In US Crude And Fuel, 6 JUNE
Oil Prices Continue To Decline Amid The Increase In US Crude And Fuel
Energy Economy News _ Baghdad Oil prices extended losses in early Asian trading on Wednesday, after a report showed an increase in US crude and fuel inventories, raising concerns about demand growth.
Brent crude futures fell 14 cents, or 0.2 percent, to $77.38 per barrel by 0005 GMT. US West Texas Intermediate crude futures also fell 18 cents, or 0.3 percent, to $73.07 per barrel.
Both contracts fell about a dollar in yesterday's session on Tuesday and about three dollars a barrel on Monday, under pressure from the OPEC+ coalition announcing plans to increase supplies starting in October, despite recent indications of weak demand growth.
Data from the American Petroleum Institute showed that stocks of crude oil, gasoline and distillates in the United States rose last week. High inventories are usually a sign that supplies are exceeding demand.
Figures from the American Petroleum Institute showed that crude inventories rose by more than four million barrels in the week ending May 31, compared to analysts’ expectations of a decline of 2.3 million barrels in a Reuters poll.
Gasoline stocks also rose by more than four million barrels, which is much more than the two million barrel increase that analysts expected.
The US Energy Information Administration will publish official inventory data on Wednesday at 14:30 GMT. Views 105 06/05/2024 - https://economy-news.net/content.php?id=44028
Interesting conversation with Admin Extraordinaire, VE, in regards to exciting news coming from Militia Man's Monday 6.3.24 podcast. , 6 JUNE
💢 Interesting conversation with Admin Extraordinaire, VE, in regards to exciting news coming from Militia Man's Monday 6.3.24 podcast.
I felt the info was extremely helpful and I'm going to interject a few things. ⬇️✅⬇️
💢VE: Hey Earthling. Listening to Monday’s Militia Man. This is what I got out of it.
💢Ginger: 😁- thank you, fellow earthling. You crack me up. 😛🤣✅)
💢VE: Love his cats. Most important info.
💢Ginger: We 💓 Wally & Winnie 😍🥰🤩✅
💢MM: Auctions were stopped on May 30.
💢 Ginger:🧐 - hmm, 🤔 not sure that's true. ?? I thought it was documented there were actually regular currency auctions going on in Iraq Tuesday 6.4.24. So it's uncertain exactly which currency auctions he's particularly talking about. 🤨🧐🤔✅
💢MM: Looking for placement of budget in Gazette on Saturday. If not Saturday then following Wednesday or Saturday. After 15 days it’s automatically approved.
💢Ginger: Excellent point. This is fantastic! Plus I want folks to know that while Wed & Sat are the typical days the Gazette is published, it wouldn't be beyond the realm of possibility for them to even print a "Special Edition" on a day of their choosing in effort to speed the process up. To be clear, I'm not saying they WILL; I'm just saying it's safe to say they THEY CAN. Maybe this is something we can all pray for? Also a friendly reminder, in accordance to Iraq laws, their citizens must see the new rate of exchange in their National Gazette in print, before it becomes the law of the land. I love their emphasis on transparency before their citizens. Been telling you for a very long time that this is a necessary marker to watch for. ✅
💢MM: Iraq Parliament is talking about an “abundance”. Whereas their budget shows a trillion dinar deficit. Maybe they know something. 😂😂😂
💢 Ginger: Yes!! Absostinkinlutely!! 💥😛🤣😂😁💥 They know what abundance will rain down once the switch happens! Yay! 😁🎉. C'mon RI/RV!! Also want to remind everyone not to feel bummed because their older 1300 rate was named in the recent budget. They have mechanisms in place in Iraq, already established, that will permit them to change the rate at will. So just look at that little lousy number as fake news. We know the IQD will soon become "The Father of the Dollar" as Al Sudani so often reminds their people. They will reestablish themselves as the most valuable currency in the Middle East, in the world, basically. Fear not! 😁✅
💢Family, I'm getting more exciting news, too, but just need some more time to both clarify details and vet the information before I bring it forward. I've taken the last two days off work: and though I'm supposed to be "resting", so much info is coming in, it's kept me pretty busy. Oye. Stay grounded! Observe but don't absorb. I love you 💓
~ Ginger of the Liberty Lounge 6.5.24
Fintech In Iraq: How Is Iraq Reshaping Its Financial Future?, 6 JUNE
Fintech In Iraq: How Is Iraq Reshaping Its Financial Future?
Time: 06/05/2024 Read: 1,248 times {Economic: Al-Furat News} Financial technology (FinTech) has become a major driver of innovation in the global banking sector, providing innovative solutions to facilitate financial services and increase their efficiency.
In Iraq, banks have begun to adopt these technologies, which has contributed to improving customer experience and expanding the scope of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend, as it is a pillar of financial stability, by encouraging banks to adopt financial technology and providing a regulatory environment supportive of innovation.
Financial technology has demonstrated its ability to enhance financial inclusion in Iraq, as it can provide affordable and accessible financial services to wide segments of society, especially in remote and rural areas.
Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, paying bills, and obtaining loans, without having to visit bank branches.
The Iraqi Deposit Insurance Company is working to enhance the use of financial technology in Iraq, through cooperation with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and safety of digital financial services, and to protect consumer rights. LINK
Bruce’s Big Call, 6 JUNE
Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24 REPLAY LINK Intel Begins 56:00
Let me just say welcome everybody to the big call tonight. It's Tuesday, June 4th and you're listening to the big call thanks for listening, or tuning in everybody. We look forward to everybody around the globe connected through our StarLink Satellite System – our SAT Team is on that -
I'm slipping in and out over here, but I do have some intel -- all right, guys, I got a little information that most of it came in yesterday, a little bit more today. So what I'm looking at is we had rates that were flashing on the bank screens over the weekend, but very slowly. In fact, you get flash of a rate every 15 seconds. So it wasn't really doing much. – very slow - that was like Saturday.
Things didn’t pick up yesterday because as you guys know the Forex opens around 5 o’clock Eastern time Sunday afternoon – so we have every reason to expect that the Dinar - and the Zim and other currencies would go live – and be showing up on our screens. And that's pretty much what was happening Yesterday and then by 9:15 this morning everything was solid.
Now, what has to happened is these rates that have been flashing need to come in and solidify and go hard green because if they're flashing, you're not going to be exchanging. But once they solidify and get to a hard green state. That's when you know you've got a fixed rate to work with.
That's been happening we expect from what we've been hearing from our sources that tomorrow - That should be the case - that we should be getting a go and stopping point to be able to move from a moving right to fix green light, right.
Another thing that's really interesting for us, so we got some information from one of our sources in Iraq - Very powerful -- spoke with Dr. Sudani , the prime minister of Iraq. today. He was saying that --
He said that the rate on the dinar and the budget, the rate on the budget, Iraqi budget, which I believe is the 2024 budget had been handed over to, to the ????? to to their official documentation to their official record and that that would show up tomorrow, Wednesday, as a fixed document.
The budget will be seen inside the budget will be contained in the rate on the Iraqi dinar but we still don't really have out internationally yet. He's not everywhere. So that's a really good thing that has been populating. and moving in that. -- That has been moving in the right direction. For a while but we haven’t - We haven't had publishing in the gazette yet.
Tomorrow. What we're hearing is that the Iraqi budget has been handed over to the Gazette to publish it because as the publisher in the morning today that when that happened we look forward to the new rates and rate on the dinar being seen tomorrow.
Now the theory is that once we have the Iraqi dinar out with a budget tomorrow in the printed version of the Gazette on Wednesday, that we have a “Game Over” -- that we have what to release the emails to us -- and to move forward with our exchanges and I don’t know when it will show up -- it could be early morning. That's my theory In the early morning tomorrow, Wednesday that the Iraqi dinar shows up with a budget published in the Gazette tomorrow. And then people would see what the rate is in the budget.
So that should happen tomorrow and if that does happen tomorrow we should have solid Dinar rates on the screens - And we should also be looking for everything to start on with notifications sometime tomorrow. We get notified from Wells - that means we get our emails from Wells Fargo and then we set our appointments accordingly. And then we go from that point on. So that's a lot to have happen - overnight tonight and tomorrow.
But I think that's really the last step if we're there if we're actually there. We should be looking forward to setting appointments for our exchanges And we believe we'll start with exchanges on Thursday .
We will see how that works out -- And I'm excited about it. I think we've waited long enough and we're excited to get started on everything including our projects. So what we're looking for is all the rates to populate on the bank screens -. to be solid, not flashing. and then, we're looking for the Dinar to be in the Gazette - a look at published tomorrow, and that should allow for everything to move forwards.
Other than that, the only other info I can give you this recording some of the jurors - that were involved with President Trumps trials - that 3 were involved. And I know so far these three have been arrested reimbursed. I'm not going to go into depth on it, but I know why.
So let's just see if everything that we mentioned comes through tomorrow, especially the gazette - , especially the Iraqi Dinar being dark solid and published in the gazette.
And then we'll go from there and should be able to set appointments and start exchanges probably on Thursday.
I mean if it comes out it could be possible we start exchanges Wednesday but - But what we're being told is, Wednesday we can we get notified - set appointments - with start exchanges on Thursday. So let's see what happened on that - other than that - that's really everything I had to give and I'm sorry if I say it again but it’s all good .
Let's go ahead and pray the call out -- and then we'll see what tomorrow brings with it.
Everybody have a great night. We'll see what tomorrow brings cant tell what time our notifications are going to come out but we will keep an eye on it and let you know - alright. Otherwise have a happy night tonight - and a beautiful day tomorrow - thanks everybody for listening. and we'll talk to you on Thursday unless we get noticed and then we just move forward. Hope everybody has a great night and sleep well.
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