
Iraq commits to OPEC cuts
Platts says expectations are high that markets will balance out next year
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Platts says expectations are high that markets will balance out next year
If Iraq misses its target and a few others follow suit, the effectiveness of the OPEC deal could start to unravel
Indicators of the actual market balance
Baghdad is ready to reduce oil production, the country's Prime Minister Haider al-Abadi said. "Yes, we have agreed to cut production. Iraq will stick to this because the current level of oil prices is …
It revived worries about the supply glut that has capped prices for the past two years
OPEC’s June crude production rose 300,000 barrels a day from a month earlier, to 32.73 million barrels a day, which is the highest level since August 2008, according to S&P Global Platts. Platts said that its survey of OPEC …
Iran has emerged as a swing oil supplier for Turkey in 2016, enabling Ankara to significantly reduce the amount of crude oil purchased from Russia. Iran has been able to play this vital role for Turkey because of the remarkable jump in Iranian …