• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 2 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 8 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 5 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 hour China goes against US natural gas
  • 9 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours Starvation, horror in Venezuela
  • 18 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 20 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 11 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 12 hours Film on Venezuela's staggering collapse
Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory 4th March 2016

Politics, Geopolitics & Conflict

• Several situations have combined to see a reduction in Iraqi oil sales and exports for February, though exports are still at record highs. Exports from Turkey’s port of Ceyhan remain blocked—as of 16 February. These exports include those controlled by the Kurdistan Regional Government (KRG) in the Kurdish region of Iraq as well as crude from Kirkuk in northern Iraq, coming from the central government’s North Oil Company (NOC). A section of this pipeline has been rendered inoperable and has cost the KRG—for one--$200 million so far. An explosion on this pipeline two weeks ago was reported without any details, and there still are none. Turkey seemed to be blaming the Kurdistan Workers Party (PKK) in a knee-jerk reaction, but the Kurds kept quiet—not pointing any fingers. No one has claimed responsibility, and this is off profile for both the PKK and the Islamic State (IS). There are now suspicions emerging that the Turks shut down the pipeline themselves in order to launch military operations against the PKK near the section of the pipeline that’s been offline. The Kurdish silence on the issue would suggest this might be the case as well. How the Kurds would agree to such a move remains unclear because it certainly cannot afford the losses right now. And if they didn’t agree, then it remains unclear what the consequences of this will end up being. Genel Energy—one of the main producers…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News