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Commodities Briefing - Categorized | Oil, Price Watch more

Iraq’s faltering oil resurgence raises price fears

Posted on 09 August 2013

When Iraq surpassed Iran last year as the second-largest Opec producer for the first time since the late 1980s, it was heralded as a sign of the recovery of Baghdad’s energy industry a decade after the US-led invasion.
But less than 12 months later, Iraq has gone from being a leading source of growth in global oil supplies to an uncertain one – a development that is putting pressure on prices and posing challenges for policy makers in Baghdad, Washington and Riyadh………………………………………..Full Article: Source


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