• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 1 hour Socialists want to exorcise the O&G demon by 2030
  • 7 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 6 hours Oceans "Under Fire" Of Plastic Trash
  • 1 day Is Natural Gas Renewable? I say yes it is.
  • 1 day Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 1 hour Cheermongering about O&G in 2019
  • 1 hour Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 1 day Making Fun of EV Owners: ICE-ing Trend?
  • 8 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 1 day Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 16 hours North Sea Rocks Could Store Months Of Renewable Energy
  • 9 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day Orphan Wells

Global Energy Advisory March 18th 2016

Politics, Geopolitics & Conflict

• Kurdish Peshmerga forces, Shi'ite militia’s and Iraq's army are reportedly preparing to launch a joint offensive against the Islamic State (ISIS) in and around the oil-rich region of Kirkuk in the disputed territories of Northern Iraq. The joint operation is hoping to get closer to Mosul, which is the largest city in Iraq still held by ISIS. Last month, Peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized. State-run North Oil said that the militants had seized a crude oil separation unit in Khabbaz on Saturday morning and that 15 oil workers are still missing. Khabbaz is a small oilfield southwest of Kirkuk with a maximum production capacity of 15,000 BPD. This all comes, as we noted last week, as the Iraqi Kurds make a subtle play for control of Kirkuk, by supporting the local government’s move to separate from the central oil company and launch their own oil company.

• Russia has announced an imminent withdrawal of its forces from Syria, and while this is easy media bait, it doesn’t mean much. When Russia talks of withdrawing its forces, it’s talking about those that were involved in the support to the Assad regime beginning in late September. Keep in mind that Russia has major military bases in Syria—at Tartus and Latakia. It maintains this force and all the air support this suggests. The announcement of a withdrawal…

To read the full article

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

RegisterLogin



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