$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

By Charles Kennedy - Jul 08, 2021, 3:30 PM CDT Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s. The ratings agency affirmed Iraq’s stable outlook along with its long-term non-investment grade rating citing the country’s continued over-reliance on oil revenues

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Iraq Plans to Build 10 Gigawatts of Solar Projects Over 10 Years

While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading SA predicts global benchmark Brent could hit triple digitsin the next 18 to 24 months, and Bank of America sees potential spikes above $100over the next few years on improving fundamen

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