Reclaim Kirkuk raise oil price in the world market




October 18, 2017

Baghdad – the journal news

Crude oil prices continued to rise for a second day of fallout from Kirkuk in addition to u.s. threat to cancel a nuclear deal with Iran.

The price of Brent crude oil $57.91 Tuesday 0.17 percent rate high, while crude oil price reached $51.88 up by 0.02 percent.
And processed oil fields in Kirkuk global market toward 300 thousand barrels per day world market, finds that the Kirkuk crisis specialists will not be able to raise the price of oil to $60.

Iraqi crude is sold at a lower price than Brent toward $7 because it contains impurities.
Iraqi forces took control Wednesday on good bye fields providing Northwest petroleum Kirkuk after Kurdish region border area of withdrawal.

Iraqi forces came in oil-rich molasses region where the fields are part of the process is implemented by Prime Minister Haider Abadi to regain control of the disputed areas between Kurdistan and the central authorities in Baghdad.

Fatih birol said by another Executive Director of the International Energy Agency that it was "too early to assess the impact of those risks on oil markets.

Birol said on the sidelines of a global forum in Seoul "too early to say how they will continue those geopolitical developments and to determine their impact on oil prices," Noting that "such issues remind us that oil and geopolitical conditions are interrelated and will remain so, so oil security remains vital for all States."

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