• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 47 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 8 days They pay YOU to TAKE Natural Gas
  • 5 days What fool thought this was a good idea...
  • 8 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 3 days A question...
  • 14 days The United States produced more crude oil than any nation, at any time.
Editorial Dept

Editorial Dept

More Info

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 in Iraqi Kurdistan—says the pipeline will be…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News