OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due to US sanctions limited the increase.
Source : AFP / 19 Jan 2013
Price pressures on the global oil market have suddenly tightened, and the deadly hostage drama at a gas field in Algeria puts a "dark cloud" over the country's entire energy sector, the International Energy Agency warned yesterday.
The IEA said that a dominant factor in the global energy market now "has a lot to do with political risk writ large, and not just in Syria, Iran, Iraq, Libya or Venezuela", and included regulatory risks.
By Ahmed Rasheed / 8 Jan 2013
Iraq’s oil exports fell to 2.34 million barrels per day (bpd) in December from 2.62 million bpd in November due to a slowdown in Kurdistan exports, rough weather and technical problems with a single point mooring terminal, an official said on Monday.
Iraq shipped 2.02 million bpd from the southern oil hub of Basra, down from 2.194 million bpd in November, said Abdul-Ilah Qasim, an energy adviser to the Iraqi government.