Oil – Reuters reported that Kurdistan has made independent export deals for its oil and in doing so has pitted itself against Baghdad, which believes it should have total control over Iraq's oil and asserts that deals made with Kurdistan are illegal.
Articles Tagged "oil exports"
Oil – Reuters reported that data from the International Energy Agency shows that Iran's oil exports fell to 860,000 barrels per day in September, a new low. If Western sanctions continue, the country's exports could descend even lower in the coming months.
Oil – Reuters reported that the creation of a new border security arrangement between Sudan and South Sudan means that oil exports from the south will again be able to travel through the north. It will likely take a few months for exports to start up again.
Oil – Reuters reported that Iraq and Kurdistan ended a dispute about oil payment, with Kurdistan pledging to continue producing its share of oil exports and Iraq's Baghdad agreeing to pay foreign companies working in Kurdistan.
Oil – CNBC reported that mediators are hopeful that Sudan and South Sudan will soon resume oil exports after resuming talks about the situation on Tuesday. The countries have been feuding since their separation over a year ago.
Oil – Platts reported that the G7 nations have called for oil exporters to increase production, an unexpected move that indicates the group's concern that high oil prices will hurt the still-delicate global economy.
Oil – Reuters reported that Sudan’s oil transportation dispute with South Sudan has resulted in a loss of $2.4 billion and a significant drop in exports for Sudan.
Oil – Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
Oil – Primary Petroleum reports that the recent funding has eliminated all debts and has working capital of approximately $1.2 million. Primary holds 100% Working Interest (”W.I.”) in approximately 130,000 net acres in two Bakken potential prospects in Montana. Its Teton – Pondera lands consist of approximately 110,000 net acres [167 sections] and are located within the ‘Bakken fairway’ and on trend [...]