Iraq Oil Production to be Squeezed for Next Decade

published:18/09/2018 04:15 GMT

Growth in Iraqi oil production will be squeezed for the next decade despite the country being the second largest OPEC producer after Saudi Arabia and the fourth biggest in the world, according to a report by US consultancy IHS Markit. The findings come after a week when the price of Brent crude reached US$80 a barrel, with supply worries having been heightened by Hurricane Florence heading toward the US, threatening to derail US oil pipelines. Also looming large was the expected effect on...More