View Full Version : Iraq Oil Exports Stall As Prices Drop In July 2015

08-04-2015, 03:52 PM
Iraq’s oil exports leveled off in July 2015 after reaching a new post-2003 high in June. The reason for this change was that the budget deal between the central and Kurdistan regional governments broke down, and the latter sold most of its oil for itself rather than Baghdad last month. Iraq’s recent highs also contributed to a drop in prices for the last two months, which meant revenue went down. This is the dilemma that faces the country, as it needs to export as much as it can because it lacks other sources of making money, but that adversely affects the amount of money it can make during a glut in the world oil market.

continued (http://musingsoniraq.blogspot.com/2015/08/iraq-oil-exports-stall-as-prices-drop.html)