Iraq Bulletin

Tag : global demand

Business

Korea’s August exports jump 68.7% to $98.25 billion on chips

iraqbulletin.co
Semiconductor exports, the primary driver of national trade performance, soared 209% year-on-year to an all-time high of $46.65 billion. Growth in chip shipments was fueled by sustained capital expenditure programs among major global technology operators expanding data center networks and enterprise AI hardware deployments. The performance marks the third consecutive month in which semiconductor export volumes exceeded the $40 billion...
Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

iraqbulletin.co
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts by OPEC+ to 3.66 million bpd, equal to 3.7% of......