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Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, December 2, 2016

Iraq Can’t Commit To OPEC’s Oil Output Deal


Iraq Can’t Commit To OPEC’s Oil Output Deal

By By Bilal Wahab,   /  Thursday, December 1, 2016 10:00 AM
Iraqi Kurdistan Starts Oil Exports
Despite pressure from OPEC to cap its oil production, the Iraqi government can neither afford a production cut nor enforce it upon the Kurdistan Regional Government. Under tremendous fiscal pressure, OPEC members may cut a deal in Vienna this week that would cap oil production in order to raise global prices. The deal is being

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