Analysts generally do not expect oil prices to rally much this year as sluggish demand growth seems to be unable to deal with rising supply
Tag: Iraq
The Story of ISIS Oil: A Way to the Marketplace
It is a widely acknowledged fact that oil trade is the main source of revenue for the Islamic State, also known as ISIS. In fact,
China-Iran Oil Deal Shows Discontent within OPEC
China has recently renewed its oil purchase contracts with Iran, thus boosting the confidence of Teheran to re-establish itself in global energy markets. At the
Hungary Increases Kurdish Oil Imports at the Expense of Russia
In a struggle to diversify its energy portfolio, Hungary has increased its oil imports from the Kurdistan region in Iraq at the expense of Russian
Iraq and Brazil to Revise Oil Production Targets Downward
Analysts expect that Brazil and Iraq will have to make major downward revisions to their oil production targets, which could in the end lead to
Oil Giants Propose Cuts in Development Spending in Iraq
Oil firms have proposed that they will cut development spending in Iraq worth millions of dollars after Bagdad announced that cheap oil and its fight
Iraq Announces its Record Oil Output
After Iraq, an OPEC member, had announced its record crude production, Brent crude oil prices went down below $50. Iraq’s Oil Minister, Adel Abdel Mehdi,
Chinese Companies Decided Not to Increase Imports from Iraq
China’s energy companies have decided to keep the amount of oil that they buy from Iraq unchanged for the first time in almost ten years.
Iran Seeks to Double Gas Production
Iran, being the holder of the largest natural gas reserves in the world, is seeking to double gas output to 1 billion cubic meters a
Iraq’s Kurds Increase Capacity of Oil Pipelines
Iraqi Kurds are planning to boost the capacity of oil pipelines via Turkey to 700,000 barrels (bpd) per day. The boost could thus increase the