International Iraq Oil Prices 
Green Car Congress
FEBRUARY 19, 2015
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The IEA predicts that the oil industry will need to spend $850 billion annually by the 2030s to increase production.
Green Car Congress
MARCH 24, 2016
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That has sparked a renewed sense of optimism among oil traders.
Green Car Congress
MARCH 23, 2017
It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. And according to Iraq, the agreed-upon cuts have been all about exports all along. But Iraq is uniquely positioned.
Green Car Congress
JULY 30, 2019
Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 The US also broke into the international crude trade, doubling export volumes and entering that top ten ranking. The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide.
Green Car Congress
APRIL 10, 2015
OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.
Green Car Congress
NOVEMBER 15, 2014
Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Instead, much of the world’s hopes are pinned disproportionately on Iraq. Under that assumption, oil prices would rise only a modest amount over that timeframe.
Green Car Congress
AUGUST 13, 2015
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.
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