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An OPEC Deal Extension Isn’t As Simple As It Sounds

Green Car Congress

And according to Iraq, the agreed-upon cuts have been all about exports all along. But Iraq is uniquely positioned. First, Iraq must contend with the Kurds, as well as international companies, with which it has production agreements that come with penalties for breeching. shale output at the higher oil prices.

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The 5 Countries That Could Push Oil Prices Up

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The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 Russia already has extensive and close ties with Iran and Venezuela, and is now laying the basis for such ties with Iraq.

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An Inconvenient Truth About AI

Cars That Think

This article is part of our special report on AI, “ The Great AI Reckoning.”. That same year we started deploying the first of thousands of robots in Afghanistan and then Iraq to be used to help troops disable improvised explosive devices. This article appears in the October 2021 print issue as "A Human in the Loop.".

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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In June, Iran will launch a new grade of heavy crude that will compete with Basra crude, and which the Iranians will surely seek to undercut in price in order to win Asian market share from Iraq and the Saudis. And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq.

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Opinion: Stop Blaming OPEC For Low Prices

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Steven Kopits, President of Princeton Energy Advisors, laid out the concept very nicely in a Platts article earlier this year, in which he says the expression “call on OPEC” should be scrapped. Iraq is not subject to the quota restrictions, and so it is pulling out all the stops to increase output. Article Source: [link].

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The Oil War Is Only Just Getting Started

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Link to original article: [link]. In BP’s definition of low-cost producers, the majority of the lowest-cost resources sit in large, conventional onshore oilfields, particularly in the Middle East and Russia.

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