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Saudi Arabia’s Sway in OPEC Limited by Resurgent Iraq and Iran

EghtesadOnline: Saudi Arabia’s dominance of OPEC isn’t what it once was. Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within the Organization of Petroleum Exporting Countries.
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Publish Date:24/November/2016 | 17:36

Iraq Serves Sweet Tea and Raw Data to Avoid OPEC Production Cuts

EghtesadOnline: With trays of sweet tea and a tour of Babylonian treasures at the national museum, Iraq’s Oil Minister Jabbar al-Luaibi welcomed energy reporters to Baghdad. A month after railing about OPEC data, he chose a softer approach to make the case that his country pumps more oil than the group acknowledges and won’t join other members in cutting output.
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Publish Date:28/October/2016 | 15:54

Oil prices drop as Iraq says doesn't want to join OPEC cut

EghtesadOnline: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
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Publish Date:24/October/2016 | 08:25

Iraq Sees Now as ‘Right Time’ for OPEC Deal on Oil Output

EghtesadOnline: Now is the right time for OPEC to reach an agreement on oil output, and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said.
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Publish Date:22/September/2016 | 15:35