X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 16 hours Texas Supply Chain Massacre
  • 27 mins U.S. Presidential Elections Status - Electoral Votes
  • 6 hours America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 9 hours Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 12 hours Former BP Exec "Biden not in war against oil" . . Really ?
  • 12 mins Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 2 days Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 2 days Speaker Pelosi, "Tear Down This Wall" . . around Capital Building
  • 3 hours An exciting development in EV Aviation: Volocopter

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…




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