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Commodities Briefing - Categorized | Market Moves, Oil more

Iraq not hurting oil output: OPEC

Posted on 17 June 2014

The unrest in Iraq isn’t affecting oil markets or the country’s oil output, the secretary general of the Organization of the Petroleum Exporting Countries said Monday. Abdalla Salem el-Badri said: “Nothing is affected. production is still going well and exporting is going fine.”
He said he doesn’t expect the recent wave of unrest in the country to affect the balance of the supply and demand of the oil market. The US and Iran have publicly committed in recent days to provide military support if requested to Iraqi Prime Minister Nouri al-Maliki and help his government repel an offensive the Islamic State of Iraq and al-Sham has launched against Baghdad and other Iraqi cities over the past week………………………………………..Full Article: Source


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