Louisiana Light • 4 days | 70.58 | -1.41 | -1.96% | |||
Bonny Light • 21 days | 78.62 | -2.30 | -2.84% | |||
Opec Basket • 4 days | 73.19 | -0.49 | -0.67% | |||
Mars US • 311 days | 75.54 | -1.36 | -1.77% | |||
Gasoline • 10 mins | 1.942 | +0.021 | +1.11% |
Bonny Light • 21 days | 78.62 | -2.30 | -2.84% | |||
Girassol • 21 days | 79.56 | -1.80 | -2.21% | |||
Opec Basket • 4 days | 73.19 | -0.49 | -0.67% |
Peace Sour • 19 hours | 62.42 | -1.48 | -2.32% | |||
Light Sour Blend • 19 hours | 64.57 | -1.48 | -2.24% | |||
Syncrude Sweet Premium • 19 hours | 69.22 | -1.48 | -2.09% | |||
Central Alberta • 19 hours | 63.17 | -1.48 | -2.29% |
Eagle Ford • 4 days | 64.15 | -1.48 | -2.26% | |||
Oklahoma Sweet • 4 days | 64.25 | -1.50 | -2.28% | |||
Kansas Common • 4 days | 54.50 | -1.48 | -2.64% | |||
Buena Vista • 4 days | 74.67 | -1.48 | -1.94% |
Oil prices extended their decline…
Uzbekistan's ambitious green energy project,…
Tensions seem to be escalating between Baghdad and Irbil, as Kurdistan rolls out its Soviet-built tanks and positions them along its undefined southern border, all aimed at the unseen Iraqi forces on the other side of the town of Tuz Khurmato.
For the past three weeks Kurdish and Iraqi soldiers have been reinforcing their positions around the area, whilst Iraqi Prime Minsiter Nuri-al-Maliki, and Kurdistan’s President Masoud Barzani, have been busy shouting about war and patriotically flying their respective flag. Few, however, actually believe that the whole situation will go that far.
Technically a war would suit neither party. Baghdad would lose out on valuable oil revenues as production wells, or export and import terminals close down during the conflict, and Kurdistan’s growing economy would suffer from the lack of trade and damage to its infrastructure.
Related Article: Tension Escalates in Syria Amid Fears of Chemical Weapons
Actually both leaders are thought to be secretly gaining from this situation by consolidating their supporters for upcoming elections in their respective regions.
Maliki has claimed that the Kurdish action of increasing the number of tanks across the border has increased the risk of an unpredictable action leading to regrettable situation. He has warned that, “if it erupts ... it will be a painful, shameful ethnic conflict.”
By. Joao Peixe of Oilprice.com
Saudi Arabia Cuts Oil Prices
Negative Power Prices Hit Europe as Renewable Energy Floods the Grid
Africa’s Top Refinery Could Soon Upend Global Gasoline Markets
Will Buffett Step in to Keep Occidental Afloat?
Expanded Trans Mountain Upends North American Oil Flows and Pipeline Tolls
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com