Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Dinar Duchess

I didnt think they shut down like this to change the exchange rates normally. Of course if there was going to be a reval they would have other information to put on. If you remember on the 'News' page there was five or six lines which looked like links, 'concerning the acceleration'.


May be nothing, may be something. Lets pretend its something......YAY

That is exactly what I was trying to say...

Crude Oil Rises a Fourth Day on OPEC Plan, Cold U.S. Weather

By Hector Forster

Oct. 17 (Bloomberg) -- Crude oil rose for a fourth day, trading above $60 a barrel, on speculation OPEC members will agree at a meeting this week to cut production and as cold weather in the U.S. Northeast increases heating demand.

The Organization of Petroleum Exporting Countries will discuss on Oct. 19 a plan to lower output by 1 million barrels a day, oil ministers including Qatar's Abdullah bin Hamad al- Attiyah said. The Buffalo, New York, area was blanketed under a record-setting 2 feet of snow, knocking out power to more than a quarter-million residents on Oct. 13.

``OPEC is considering cuts and that has been supportive, leading to buying from funds that have already liquidated their previous positions,'' said Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures Ltd. in Tokyo.

Crude oil for November delivery rose as much as 31 cents, or 0.5 percent, to $60.25 a barrel in after-hours trading on the New York Mercantile Exchange. It was at $60.13 at 2:18 p.m. Singapore time. Prices have rebounded from a 10 month-low of $57.22 on Oct. 12.

Yesterday, the contact gained $1.37, or 2.3 percent, to close at $59.94 a barrel on the New York Mercantile Exchange, the first three-session gain since Aug. 22.

``Lower temperatures in the U.S. and the heating demand are pulling up oil prices,'' said Kazuhiko Saito, a commodity strategist at Interes Capital Management in Tokyo.

Quota, Production

Brent crude oil for December settlement rose as much as 40 cents, or 0.7 percent, to $62.06 a barrel on the London-based ICE Futures exchange. It was at $61.94 a barrel at 2:21 p.m. Singapore time.

OPEC members will meet in Doha, Qatar, to discuss a proposal to cut 1 million barrels a day from actual production, Al-Attiyah said yesterday in a phone interview. Members have agreed to cut output to stem a decline in prices, said Chakib Khelil, Algeria's oil minister, according to a report yesterday in El Moudjahid, the country's state-run newspaper.

Crude oil in New York has fallen 23 percent from an all- time high of $78.40 a barrel reached on July 14.

``At some point OPEC is going to succeed at getting some kind of cut on the table,'' said Tim Evans, an energy analyst at Citigroup Global Markets Inc. in New York. ``Since it's going to come at a time when demand is up on a seasonal basis, it should succeed in lifting prices.''

The group's 10 members with quotas pumped 27.6 million barrels a day last month, according to Bloomberg News estimates. OPEC's official production target, which excludes Iraq's output, is 28 million barrels a day.

``Whether they cut from actual production will be key,'' said Mitsui Bussan Futures' Emori.

Heating Demand

OPEC, which pumps 40 percent of the world's oil, lowered its forecast for world oil consumption to 84.2 million barrels a day, down 160,000 barrels a day from its previous projection a month ago, citing slowing global economic growth. The group cut its estimate for 2006 demand for OPEC crude by 200,000 barrels a day to 28.7 million barrels a day.

The OPEC crude oil basket price rose 71 cents to $54.90 a barrel on Oct. 13, the latest available data on the group's Web site. The daily price index is a weighted average of 11 crude blends produced by OPEC states.

Demand for heat in the Northeast, the biggest region where heating oil is burned in furnaces, will peak at 32 percent above normal today, according to Belton, Missouri-based forecaster Weather Derivatives. Cold and snow from the Midwest to northwestern New York state may have reduced heating oil stocks last week.

November heating-oil futures gained 1.09 cents, or 0.6 percent, to $1.7674 a gallon at 2:10 p.m. Singapore time.

U.S. crude inventories rose above seasonal averages after the summer driving season finished and hurricanes missed rigs in the Gulf of Mexico this year.

U.S. crude oil inventories probably rose for a third week last week as refineries shut units for maintenance, reducing crude consumption, a Bloomberg News survey indicated.

Supplies probably gained 1.5 million barrels in the week ended Oct. 13, from 330.5 million the prior week, according to the median of forecasts by four analysts before an Oct. 18 Energy Department report.

To contact the reporter on this story: Hector Forster in Tokyo at [email protected] .

Last Updated: October 17, 2006 02:29 EDT

Bloomberg.com: Germany

Any more news Rolls Royce, I am champing at the bit...........

Originally Posted by postcon

Didn't someone make a comment a few days ago about the Republicans making some sort of an important announcement on 16th Oct?

We'll you beat me to the punch on that one, i was typing to ask the same question, so let me just add to it ,
It sure would be nice if it were the Big Surprise, for the rv to take place

Okay this could just be a coincidence but a few minutes ago I pulled a news article off the news wire about Sadoon street in Baghdad being shut down.....I then did a search of what businesses are on Sadoon street and guess what turned up......

The Central Bank of Iraq is a public institution which was ... Address: P.O. Box 5670, Sadoon Street, Baghdad, Iraq


This is the article...
Joint forces closed Sadoon Street

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Joint forces closed Sadoon Street
Baghdad / Nina / Iraqi forces sealed off the joint American and since this morning Sadoon Street in Baghdad. in particular the enclave call paradise Square and Victory Square.

well, if someone hasn't posted this before I have, the CBI website is back up. Still showing yesterdays numbers though.

Originally Posted by CharmedPiper

I'm trying and trying not to get excited YET....I'm not going to look.....Yeah right.....that lasted 3 seconds....

the suspense is killing me......................

Welcome to Rafidayn: The Iraqi information service

Speaker of the Chamber of Deputies Iraqi Mahmoud Almshahadani

Baghdad-10-17 : threatened Iraqi National Accord Movement to file a lawsuit against Dr. Mahmoud Almshahadani Speaker of the Chamber of Deputies, the Iraqi statement in the background on one of the Arab satellite channels, which talked about the attitude of Iyad Allawi, head of the Movement of Non Adoption of the law in Iraq.

A statement issued by the political bureau of the National Accord Movement today, Monday, "that the Almshahadani encroaching on the person Iyad Allawi manner free from the rules of decency."

The statement warned of "trying to prejudice the character of Iyad Allawi."

The Congress approved the formation of regions in the Iraqi law by an absolute majority of the members present hearing on October 12 this October, which were boycotted by the Iraqi Accord Front and the Sadri movement and the Islamic Virtue Party and the Front National Dialogue and Reconciliation and Liberation Bloc.

The accused Almshahadani through the program, which was broadcast on a satellite Abrabih famous former Prime Minister Iyad Allawi "Ptgadeh and lenient in building the security services by allowing the infiltration of several elements of the security services of the employees of the former regime to the current armed forces."

He accused Almshahadani "elements of the former regime who had infiltrated the Iraqi security services in Allawi's government of being behind the violence in Iraq."

It should be pointed out that Allawi, who leads the Iraqi National Accord Movement was the first head of a transitional Iraqi government following the formation of the Governing Council in Iraq.

Rafidain
Welcome to AlRafidayn: The Iraqi information service

Originally Posted by zwhatimsaying

well, if someone hasn't posted this before I have, the CBI website is back up. Still showing yesterdays numbers though.

awwwww geeeez.....

Originally Posted by CharmedPiper

Okay this could just be a coincidence but a few minutes ago I pulled a news article off the news wire about Sadoon street in Baghdad being shut down.....I then did a search of what businesses are on Sadoon street and guess what turned up......

The Central Bank of Iraq is a public institution which was ... Address: P.O. Box 5670, Sadoon Street, Baghdad, Iraq


This is the article...
Joint forces closed Sadoon Street

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Joint forces closed Sadoon Street
Baghdad / Nina / Iraqi forces sealed off the joint American and since this morning Sadoon Street in Baghdad. in particular the enclave call paradise Square and Victory Square.

sorry my banana's just started dancing, i couldn't hold them back