Iraq Economic News and Points To Ponder Tuesday Afternoon  9-23-25

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Cougar: US Bonds Are Outside The Political Game And Do Not Threaten The National Economy.

Time: 2025/09/23 18:48:56 Reading: 495 times  {Politics: Al Furat News} Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed that US bonds do not pose any threat to the national economy, noting that they are considered by the US side in economic transactions and are not included in political calculations.

“Any country that holds US bonds is registered within the US economy’s accounts,” Kocher told Euphrates News. “Therefore, the United States does not seek to harm its economy through these bonds, but rather completely separates them from the political situation.”

He explained that “this holding is considered part of the global economic system and is managed independently of political disputes or positions.”

Kocher added, “The issue of US bonds in general does not affect the national or domestic economy, which sends a reassuring message about the absence of direct risks to Iraq in this regard.”  LINK

Ministry Of Planning: Annual Inflation Rate Fell By 1% In August.

Buratha News Agency171 2025-09-23  The Ministry of Planning announced today, Tuesday, a decrease in annual inflation for the month of August by (1) percent, as the Ministry’s spokesman, Abdul Zahra Al-Hindawi, stated that “the Ministry recorded a slight increase in the inflation rate during the past month of August by (0.8%), compared to the month of July, which witnessed a decrease by (0.1%).”

He also explained that “the annual inflation rate for August 2025 decreased by (1%) compared to the same month of last year 2024,” expecting “the rise in the monthly inflation rate to be due to an increase in the prices of three main sections, as the prices of food and non-alcoholic beverages increased by (1.7%), the housing section by (0.1%), and various goods and services by (0.6%).”

He added, “Four other departments saw their prices decline, while the prices of five departments remained stable at their July levels.”   https://burathanews.com/arabic/economic/465522

The Minister Of Oil Discusses With The President Of The American University Scientific And Technical Fields That Serve The Development Of The Oil Industry.

Tuesday, September 23, 2025, | Economics Number of reads: 283  Baghdad / NINA / Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani discussed with the President of the American University in Baghdad, Brad Cook, the scientific and technical fields that serve the development of the oil industries.

A statement by the Ministry of Oil stated that Abdul-Ghani received, today, Tuesday, the President of the American University in Baghdad, Brad Cook, and a delegation from the university.

During the meeting, they discussed the scientific and technical fields, modern studies and research, and training, which serve the development of the oil industries.

The university delegation included, according to the statement, the Vice President of the University for Academic Affairs Zuhair Attia, the Director of Communication and Advisor to the President of the University for Public Affairs, Elisha Holland, the Executive Director of the Center of Excellence for Innovation and Training, Ziad Shaaban, the Executive Director of Government and University Relations, Mahmoud Hatem, and the Director of the Office of the President of the University, Tara Karim. / End
https://ninanews.com/Website/News/Details?key=1253291

Oil Prices Fall After Baghdad And Erbil Agree To Resume Exports.

Economy | 09/23/2025  Mawazine News – Follow-up  Oil prices fell for a fifth straight session on Tuesday after a preliminary agreement between Baghdad and Iraq’s Kurdistan region to restart an oil pipeline increased concerns about oversupply.

Brent crude futures fell 42 cents, or 0.63%, to $66.15 a barrel by 0332 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.58%, to $61.92 a barrel, according to Reuters.

Both contracts have posted losses for five straight sessions, falling about 4%.
“Oversupply concerns remain dominant, while the demand outlook remains uncertain as we approach the end of the year. The restart of the Kurdistan pipeline also weighed on prices,” said Anh Pham, senior analyst at London Exchange Group.

Two oil officials told Reuters that the governments of Baghdad and Iraq’s semi-autonomous region reached an agreement with oil companies to resume crude oil exports via Turkey on Monday.

This agreement will allow the resumption of exports of approximately 230,000 barrels per day from Iraqi Kurdistan, which had been halted since March 2023.

Overall, the global oil market is preparing for an increase in supply and a slowdown in demand, due to the rapid development of electric vehicles and economic problems caused by tariffs.

The International Energy Agency said in its latest monthly report that global oil supply will rise more rapidly this year, and the surplus could widen in 2026 with increased production from OPEC+ members and growing supply from producers outside it.

However, risks loom over the market as traders anticipate the European Union’s consideration of tightening sanctions on Russian oil exports, in addition to any escalation of geopolitical tensions in the Middle East.

A preliminary Reuters poll on Monday predicted an increase in US crude oil inventories last week, while gasoline and distillate inventories were likely to decline.

Separately, figures from the Joint Organizations Data Initiative (JODI) released yesterday showed that Saudi Arabia’s crude oil exports in July hit a four-month low.

Iraq, the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), has increased its oil exports under an OPEC+ agreement, the Iraqi Oil Marketing Organization (SOMO) reported.   https://www.mawazin.net/Details.aspx?jimare=267254

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