Oil markets will witness balance in 2018: Iraqi Oil Minister
crude prices will rise in 2018
Baghdad - Al maghrib Today
Iraq’s Oil Minister Jabbar Al-Luaibi has expressed optimism crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India.
"I am very optimistic that in the first quarter, oil markets will witness balance," Luaibi told reporters in Baghdad, quoted by Bloomberg.
The Organisation of Petroleum Exporting Countries, of which Iraq is the second-biggest producer, agreed with allies this year to cut output amid efforts to reduce global inventories. The cutbacks contributed to a 15 percent rise in Brent crude prices this year.
Earlier last week, the Joint OPEC-Non-OPEC Ministerial Monitoring Committee stated that OPEC and participating Non-OPEC producing countries have shown highest level of conformity with their respective adjustments in production.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 21:46 2015 Thursday ,01 October
King Abdullah II back to Amman from New York
GMT 21:13 2014 Saturday ,26 July
2368 passengers, 113 trucks at Nuweiba port arab bus
GMT 12:16 2017 Thursday ,30 November
Russia loses contact with satellite after launchGMT 15:07 2011 Thursday ,15 September
Danish retailer launches solid gold phoneGMT 12:16 2012 Wednesday ,28 March
Dry and hot weather spark for raging wildfires across UKGMT 12:07 2013 Saturday ,20 April
Tunisian Salafist extremists attempt to storm university residence
GMT 22:50 2014 Wednesday ,03 September
Putin offers condolences to family of Russian reporter killed in Ukraine
GMT 13:01 2014 Wednesday ,13 August
Former UN chief criticises HRW Rabaa report
GMT 19:07 2015 Wednesday ,01 July
US sues to block Electrolux buy of GE appliance business
GMT 05:12 2016 Monday ,19 December
More heritage shows at Al Dhafra Festival expected
GMT 18:23 2015 Saturday ,09 May
Sisi meets world leaders in Moscow
GMT 02:09 2016 Tuesday ,15 November
Bahrain to host meeting of Arab e-media committee Tuesday.
GMT 23:12 2016 Wednesday ,12 October
Forum to be held Monday on launching strategy to confront illegal migrationGMT 14:39 2012 Wednesday ,07 March
LG Optimus L3 to arrive in Europe this monthGMT 14:16 2012 Monday ,26 November
Ramada Ajman completes Dhs10m hotel
GMT 10:49 2017 Tuesday ,29 August
Merkel says 'can't stay silent' on rule of law in Poland
GMT 12:06 2012 Thursday ,08 March
Spied: 2013 Mercedes-Benz S-Class
GMT 05:27 2016 Thursday ,16 June
Online Registration for 8th Edition of Etisalat Award
GMT 11:47 2012 Tuesday ,21 February
Aston Martin V8 Vantage FaceliftGMT 15:26 2011 Sunday ,24 April
Wenger fights to raise Arsenal spirits
GMT 07:03 2016 Tuesday ,05 July
Poland moves towards multi-billion-euro Patriot missile deal
GMT 07:49 2013 Wednesday ,09 October
Ritz-Carlton opens in Chengdu
GMT 05:40 2015 Tuesday ,05 May
Australia's central bank cuts interest rate to 2.0%GMT 16:13 2011 Wednesday ,13 July
Poland should drop nuclear
GMT 20:39 2017 Monday ,25 September
India's Kohli hails Pandya after ODI series-clinching win
GMT 10:17 2017 Friday ,31 March
Streaming now makes up most US music industry revenue
GMT 20:54 2017 Monday ,27 March
Sisi, King Hamad to confer on bilateral cooperation Monday
GMT 00:14 2014 Tuesday ,09 September
Prince Saud al-Faisal leaves Cairo
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor