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Oil Prices Drop After Iraq-Kurdistan Agreement to Restart Pipeline - Jordan News | Latest News from Jordan, MENA

Summary by Jordan News | Latest News From Jordan, MENA

Oil prices fell for the fifth consecutive session on Tuesday after a preliminary agreement between Baghdad and the Kurdistan Region of Iraq to resume operations of an oil pipeline, raising concerns about oversupply.

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Brent Collapses After Agreement to Reopen the Iraq–Kurdistan–Turkey Pipeline: a Relief for Consumers in Spain and Latin America

The reopening of the oil pipeline linking Iraq, the Kurdistan Region and Turkey represents a significant change in the global energy landscape. After more than two years without activity, the resumption of crude shipments from northern Iraq to the Turkish port of Ceyhan restores to the international market some 230,000 barrels per day, at a time marked by uncertainty and instability in Brent prices. This volume amounts to approximately 0.5% of t…

9 days ago

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