http://www.worldoil.com WorldOil Iraq asks BP to throttle flow in order to meet OPEC+ quota https://www.worldoil.com/news/2020/6/12/iraq-asks-bp-to-throttle-flow-in-order-to-meet-opecplus-quota Iraq has asked BP to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a person familiar with the matter, who asked not to be identified as the matter is private. Repeat offenders ding full compliance on OPEC+ output cuts https://www.worldoil.com/news/2020/6/1/repeat-offenders-ding-full-compliance-on-opecplus-output-cuts OPEC’s delivery of its latest oil-production cutbacks, while strong overall, was undermined by its habitual laggards. Petrofac secures Iraq contract extension with Basra Oil Company https://www.worldoil.com/news/2020/5/28/petrofac-secures-iraq-contract-extension-with-basra-oil-company The confirmation of the contract extension is recognition of Petrofac’s successful seven-and-a-half-year track record of safe and efficient delivery and ability to sustain and improve export levels as incumbent operations and maintenance service provider. OPEC+ proves its mettle by swiftly delivering oil production cuts https://www.worldoil.com/news/2020/5/15/opecplus-proves-its-mettle-by-swiftly-delivering-oil-production-cuts Despite skepticism over the efficacy of the measures unveiled in mid-April by Saudi Arabia, Russia and their partners, compared to the immense hit to demand, the impact has been substantial. Oil prices have recovered by 60% in the past three weeks, as a pick-up in fuel use is complemented by the supply cuts. Petrostates forced to consider life without oil revenues as prices stay low https://www.worldoil.com/news/2020/5/6/petrostates-forced-to-consider-life-without-oil-revenues-as-prices-stay-low From Nigeria to Venezuela and Iraq, petrostates are facing the same challenge -- maintaining their economies while their prized commodity is worth a much less than it was, and where private companies often still want their cut. These countries have the most firepower in the oil price war https://www.worldoil.com/news/2020/3/24/these-countries-have-the-most-firepower-in-the-oil-price-war With OPEC’s output limits suspended and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share. Iraq oil supplies vulnerable as Mideast tensions flare, IEA says https://www.worldoil.com/news/2020/1/16/iraq-oil-supplies-vulnerable-as-mideast-tensions-flare-iea-says Oil supplies from Iraq, the Middle East’s second-biggest producer, are “potentially vulnerable” amid rising political risks in the country and the broader region, the International Energy Agency warned. Oil surges as Iran says it attacks Iraq base housing U.S. troops https://www.worldoil.com/news/2020/1/7/oil-surges-as-iran-says-it-attacks-iraq-base-housing-us-troops Reports of the attacks reignited fears that Iran’s promised retaliation against the U.S. killing of a top general last week will spark a wider conflict in the Middle East that could disrupt global oil supplies. Oil buyers fear Iraqi supply hit, in spillover from Iran crisis https://www.worldoil.com/news/2020/1/6/oil-buyers-fear-iraqi-supply-hit-in-spillover-from-iran-crisis Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers. Oil touches $70 as supply disruption fears grow https://www.worldoil.com/news/2020/1/6/oil-touches-70-as-supply-disruption-fears-grow Futures jumped by another 1.4% on Monday as the U.S. State Department warned of a “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia.