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 […]
Tag Archives: Iraq
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 […]
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A single picture is sufficient to tell the story of the fate of the Baiji Refinery in Iraq. Recently reached by the ISIS forces, it has been the largest refinery in Iraq, with a capacity of 310 kbd, and has been used to provide products for domestic use. Since it would provide fuel for both […]
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 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 […]
