"Tidbits From TNT" Thursday Morning 7-21-2022

Jul 21

TNT:

Tishwash: Including Iraq.. 6 countries supply the European Union with one million barrels of oil per day

The S&P Global Commodities at Sea platform confirmed that 6 countries supply the European Union with one million barrels of crude oil per day in compensation for Russian crude.

The platform said that despite the decline in EU imports of Russian crude by more than 1 million barrels per day compared to pre-war levels, Russia remains the largest exporter of crude shipped from the trading bloc with more than 1.8 million barrels per day of flows to the European Union in early July. This July.

The data also indicated that the United States, Norway, Egypt, Iraq, Brazil and Angola have become major alternative crude suppliers to the European Union, collectively supplying an additional 1 million barrels of crude oil since last February.

It indicated that although the EU embargo excludes Russian crude exports through the Druzhba pipeline to central Europe, the EU was importing about 2.3 million barrels per day of Russian crude and 1.2 million barrels per day of its oil products before the war. link

************

Tishwash: Oil prices fall as demand fears outweigh

Oil prices fell, on Thursday, for the second session in a row, as demand concerns overshadowed limited global supplies, after US government data showed tepid demand for gasoline during the peak summer driving season.

Brent crude futures were down 83 cents, or 0.78 percent, at $106.06 a barrel by 04:38 GMT.

West Texas Intermediate crude futures fell $1.96, or 1.88%, to $102.26 a barrel.

Oil prices were volatile as traders were forced to cut demand due to the loss of Russian barrels in the wake of the country's invasion of Ukraine, with recession fears that could dampen energy demand.

Government data on Wednesday showed US gasoline stocks rose 3.5 million barrels last week.

In Libya, the National Oil Corporation said that crude production has resumed in several oil fields, after lifting force majeure on oil exports last week. link

************

CandyKisses: Electronic platform

The Central Bank will adopt a specialized electronic platform for the purposes of exchanging

documents and data with all banks

The Translation

Based on the keenness of this bank to develop banking work in accordance with the best international practices in line with the technical developments taking place in the global banking industry, which will be reflected in raising the level of compliance of the banking sector operating in Iraq with local and international requirements

This will give him more opportunities to expand external banking activities with correspondent banks and thus attract a larger segment of the commercial operations available in the market.

As this bank will adopt a specialized platform for the purposes of exchanging documents and data with all banks, which will allow you to benefit from many services, including foreign exchange and shares trading, and access to global financial markets in order to analyze financial data to benefit from them in raising the level of efficiency of decisions related to investment and others, so your banks must participate On this platform, no later than 15/8/2022

And you can contact the Department of Financial Operations and Debt Management via e-mail (e-platform@cbiraq.info) for the purpose of asking any inquiry or clarification from you regarding the method of subscribing to it. with respect .

************

Tishwash: 91 deputies sign a request to hold a parliamentary session attended by Al-Kazemi regarding the Turkish bombing

On Wednesday, 91 Iraqi deputies signed a request to host and raise a general topic for discussion regarding the Turkish attack, calling for the presence of Prime Minister Mustafa Al-Kazemi.

The hosting request, which was reviewed by Shafak News Agency, stated, "We, the undersigned representatives, submit our request based on the provisions of Article (61/Seventh/B) of the Constitution, and the provisions of Article (30/First) of the House of Representatives Law and its formations No. (13) of the year 2018 requesting a session to raise a general topic for discussion regarding the Turkish forces’ military targeting of our people’s civilians.

The signatories added, "We request the presence of the Prime Minister, Commander-in-Chief of the Armed Forces and the Minister of Defense, for the purpose of reviewing the measures taken regarding the continuation of Iraqi bloodshed for our people in the Kurdistan region - Iraq, and the fall of many martyrs and wounded as a result of the treacherous Turkish bombing of our beloved cities in the manner that It is forbidden to repeat the flagrant violation of the protected Iraqi sovereignty in accordance with the provisions of Articles (1), 50 and 109 of the Constitution

And to stop the crime of aggression against Iraq and its people by the Turkish army, despite this behavior in violation of the Charter of the United Nations as well as the provisions of Article (8) of the Constitution Iraqi. link

Mot: .. Yet One More Thing that Keeps me Up at Night!! ~~