Oil markets will witness balance in 2018: Iraqi Oil Minister
Oil markets will witness balance in 2018: Iraqi Oil Minister
Baghdad - WAM
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.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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