August 27th, 2009
Oil exports from Iraq reached the highest level in July 2003, totaling 63 million barrels, according to statements of Assem Jihad, Oil Ministry spokesman, quoted AFP.
Figures made public by Jihad show in July that Iraq exported 63 million barrels to 57 million barrels in June.
As regards the profit from export activity, at the average of oil price of 64.42 dollars per barrel, Baghdad received 4.66 billion dollars. Iraq has prepared the budget for 2009 taking into account an average oil price of 50 dollars per barrel.
The current level of oil exports is comparable to that of 2003, when oil exports were about two million barrels a day, equivalent of 62 million barrels per month. Oil represents 87% of total revenue in Iraq, state that intends to double its exports over the next five years.
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Posted in Finance, Forex, Money, Trade | No Comments »
August 10th, 2009 | No Comments »
Index of consumer prices in Estonia has to minus for the third consecutive month, at an annualized calculation.
Thus, prices in Estonia are now 0.7% lower than in July last year. A story that apparently would go unnoticed, while Estonia is a small and remote country. Only that deflation trend emerged in Estonia spread on the continent, and prices across Europe are declining.
Normally, the news announces... Read More
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May 20th, 2009 | No Comments »
After transaction the main stock indices of U.S. market registered a slight decrease between 0, 2-0, 5%.
Decrease comes after a pronounced rise of the indices in the first day of bidding from this week, generated by the hopes of returning from crisis of the property market, informs Reuters.
By the closing stock, Dow Jones index fell by 0.2% to 8410.65 points.
Standard & Poor `s 500, the most representative... Read More
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April 27th, 2009 | No Comments »
Asian stock exchanges have registered decreases, based on the pessimism background of the financial and profits sector, announced by companies.
China Mobile, the largest mobile operator in the world, has lowered by 5.5% on the exchange in Hong Kong.
Orix, the financial non-banking company in Japan fell by 7.2% in Tokyo while BHP Billiton, the largest mining company in the world, registered a decline... Read More
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