Iraq oil exports increased in November

Note: This section contains information in English only.
Source: Commodityonline

Iraq' crude oil production increased by 2.2% in November to 2.135 million bpd from 2.088 million bpd in October. The country signed a contract with Royal Dutch Shell and Mitsubishi envisaging Iraq to process natural gas from oil fields in Basra. The contract is worth $17 billion and is considered to be a milestone in Iraq' history, said Elaibi, the oil minister of Iraq.

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Thu, 01 Dec 2011 14:44:51 GMT

Wheat futures have bleak prospects

Wheat futures have bleak prospects for extending gains in the next year as there is a supply surplus in the market, reported Goldman Sachs ,Wall Street investment bank. Wheat futures declined by 5.5% in November. Investors also look forward to report of U.S. Department of Agriculture due later today that may improve the market sentiment.

Thu, 01 Dec 2011 15:29:22 GMT

Young employees in US get hired again

According to US Labour Department statistics, there has been hired 650,000 workers aged from 16 to 24 during last three months. That is the biggest surge in young people employment since 2007. Young workers were hit more severely by last recession. In 2010 unemployment level for college graduates aged 24 and younger reached all time record high. However, since August young employees

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