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Iraq

(AP Photo/ Nabil al-Jurani, File)

Iraq about to flood oil market in new front of OPEC price war

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Defying the threat from Islamic State militants, Iraq has been ramping up exports from both the Shiite south – where companies like BP Plc and Royal Dutch Shell Plc operate – and the Kurdish region in the north.
Categories: Crude oil, Middle East
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US officials: Iran enters Iraqi fight for key oil refinery

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The Iranian role was not mentioned in a new U.S. military statement asserting that Iraqi security forces, with U.S. help, had managed to establish a land route into the Beiji refinery compound.
Categories: Middle East
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Brazil's President Dilma Rousseff (L) shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras's shipyards in Rio de Janeiro, on September 11, 2013. (VANDERLEI ALMEIDA/AFP/Getty Images)

Brazil, Russia enter ring in U.S.-OPEC heavyweight fight

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Contenders in the battle for oil market share include Russian oil companies, Brazil’s state-run Petrobras and oil fields in China and Southeast Asia, which have all pumped thousands of barrels into a global crude glut.
(AP file photo/Hasan Jamali)

Saudi Arabia adds half a Bakken to global oil market in a month

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Prices collapsed almost 50 percent last year as Saudi Arabia led OPEC in maintaining production in the face of a global glut.
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Iraq’s February oil exports below planned level for Islamic State fight

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Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned.
(AP Photo/Nabil al-Jurani, File)

Islamic State’s oil revenue cut by air raids, falling oil

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The group’s capacity to extract oil, refine it and sell the products has “significantly diminished,” according to a new report.
(AP Photo/Hasan Jamali, File)

Oil resumes price fall after hitting high for 2015

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Oil prices are falling again in anticipation of growing U.S. supplies and a global glut.
(AP Photo/Hussein Malla)

Oil rises to highest this year amid Libyan, Iraqi disruptions

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West Texas Intermediate oil for March delivery rose 75 cents from Friday’s settlement to $53.53 a barrel on the New York Mercantile Exchange.
(Alexander Klein/AFP via Getty Images)

OPEC producers cut oil prices to Asia in battle for market share

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The cuts come after Saudi Arabia, the largest crude exporter, reduced pricing to Asia last week to the lowest in at least 14 years.
Original byline: Jim Blecha/

Citi: Oil could plunge to $20, and this might be ‘the end of OPEC’

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Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity research.