Tag Archives: Iraq

Iraq was second-leading contributor to global oil supply growth during 2014

February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]

Oil market slides on fading Iraq supply fears

Oil market slides on fading Iraq supply fears LONDON – World oil prices fell on Monday, reversing earlier gains as supply fears faded over the fast-moving crisis in key crude producer Iraq, analysts said. Brent crude for delivery in August slid 80 cents to $ 114.01 per barrel in London late … Read more on […]

Oil Futures Diverge as Iraq Remains in Focus

Oil Futures Diverge as Iraq Remains in Focus NEW YORK–The gap between the benchmark oil contracts diverged to its widest in nearly a month Tuesday as Brent prices continued to rise on uncertainty about Iraqi supply while U.S. prices retreated for a second straight session. Light, sweet crude for … Read more on Wall Street […]

Oil Industry in Iraq Faces Setback to Revival

Oil Industry in Iraq Faces Setback to Revival After a long history of wars and sanctions, Iraq re-emerged as a critical source of oil in recent years. Mounting Iraqi production helped to ease world oil prices despite the tightening restrictions on Iran and tanking exports from Libya. And Western … Read more on New York […]

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