(EnergyAsia, June 30 2014, Monday) — The International Energy Agency (IEA) has served notice that it may lower its medium-term forecast for Organisation of Petroleum Exporting Countries (OPEC) production amid the worsening geopolitical situation in the Middle East, with Iraq effectively plunged into civil war. The agency and other analysts have long pinned their hopes…
IRAQ: Global oil markets strengthened by prospects of long-term political instability and supply disruptions
Posted on June 30, 2014 by EnergyAsia