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Islamic State Attacks Iraqi Oil Field

Islamic State Attacks Iraqi Oil Field
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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Meanwhile In Iraq Islamic State Attacks Kirkuk Oil Field

Meanwhile In Iraq Islamic State Attacks Kirkuk Oil Field
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Daesh militants attack oilfield in Iraq s Kirkuk

Suspected Daesh militants used an explosive device to attack an oilfield in Iraq s northern Kirkuk province on Sunday, according to a local police officer, reports Anadolu Agency. No damage was r.

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OPEC+ delayed output decision tests the group s coordination capacity

Dubai: OPEC+ has delayed its decision on the extent of crude oil production increases, raising questions about the alliance’s capacity to coordinate production and highlighting disagreements about supply policies, Fitch Ratings said in a comment. Earlier this week, OPEC+ postponed for a third time its meeting to finalise the decision on the next phase of production increases and each country’s production quota. Key OPEC members are reportedly struggling to reach a compromise. Oil prices have increased to the highest levels in three years due to a widening oil deficit, which we currently assess at slightly more than 1 million barrels per day (mmb/d). Oil supply is constrained by the previous alliance output decision, while crude oil demand is growing as the global economy recovers from pandemic-related shocks.

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Iraq: $150b of stolen oil money smuggled out of country

Abu Dhabi: An estimated $150 billion of stolen oil cash has been smuggled out of Iraq in corrupt deals since the US-led invasion of the nation in 2003, Iraq President Barham Salih said. “Of the nearly $1,000 billion made from oil since 2003, an estimated $150 billion of stolen money has been smuggled out of Iraq,” Salih said in a speech broadcast on state television. The statement came as the Iraqi President submitted a bill to recover corrupt funds to the Iraqi Parliament. “The draft law seeks to strengthen the powers of Iraqi nation to recover money stolen in corrupt deals, to hold corrupt people accountable and bring them to justice,” Salih said. He urged Iraqi lawmakers to approve the proposed legislation “to help curb this dangerous scourge that has deprived our people of enjoying the wealth of their country for many years”.

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