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Iraq Oil Revenue Not Enough For Sustainable Development

Authored by Zainab Calcuttawala via OilPrice.com, Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi. “Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press […]


3 Potential OPEC Deal Killers

Authored by Zainab Calcuttawala via OilPrice.com, The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to decide on the depth and length of the cuts one year from their initial approval. Here are the three […]


As Kurdish President Announces Resignation, Supporters Storm Parliament With Knives And Guns

Iraqi Kurdish leader Masoud Barzani announced his resignation Sunday after the biggest gamble of his 12 years as president of the Kurdistan Regional Government (KRG) not only failed, but utterly backfired as territorial reversals reduced KRG power to its weakest position in decades. Though his push for an independence referendum had overwhelming support among Iraq's […]


The 5 Countries That Could Push Oil Prices Up

Authored by Nick Cunningham via OilPrice.com, Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has […]


Buchanan: Is War With Iran Now Inevitable?

Authored by Patrick Buchanan via Buchanan.org, With his declaration Friday that the Iran nuclear deal is not in the national interest, President Donald Trump may have put us on the road to war with Iran. Indeed, it is easier to see the collisions that are coming than to see how we get off this road […]


Iraqi Kurd Army Agrees To Return To 2003 Border, Oil Slides

In a dramatic de-escalation of recent hostilities in Iraqi Kurdistan, where in a blitz campaign the Iraqi army was able to recapture Kirkuk , effectively regaining control of the oil-rich region, the Kurdish Peshmerga forces, i.e. the army of the autonomous region of Iraqi Kurdistan told Sky News Arabia that it has agreed to return […]


After Lightning Offensive, Kirkuk Is Now Fully Under Iraqi Military Control

Iraq's military has effectively gained control of major assets and government buildings in Kirkuk city, and is now set to fully pacify it after overnight clashes at a moment when oil prices rose toward a six month high as the conflict now threatens output. Iraq’s elite U.S.-trained Counter-Terrorism Force has taken over the provincial government headquarters […]


Casualties Reported After Iraqi Troops Enter Oil Rich Kurdish City Of Kirkuk; Oil Spikes

In a major escalation involving the disputed Iraqi Kurdish region, which last month declared independence following a referendum which was not recognized by any of its neighbors or Baghdad (in fact, only Israel has supported the legitimacy of the Kurdish referendum to date) Iraqi state media reported that on Monday morning Iraqi federal troops entered […]


Iran’s Top General Meets With Kurdish President Barzani As U.S. Neocons Push For War

In an unexpected diplomatic turn of events which underscores the seriousness of escalating tensions between the Iraqi government and the Kurdistan Regional Government (KRG), the head of Iran's elite Revolutionary Guard (which last week were designated by the US as a terrorist organization), General Qassem Soleimani, arrived in Erbil on Sunday and met with Kurdistan regional […]


First Footage Emerges Of Armed Clashes Between Kurdish And Pro-Baghdad Forces Near Kirkuk

Does this mean war yet?  After last month's controversial Kurdistan referendum in northern Iraq, both Baghdad and the Kurdistan Regional Government (KRG) in Erbil vowed to do everything possible to avoid direct military confrontation, even as the Iraq central government took aggressive steps to isolate Kurdistan after the pro-independence "yes" vote. But as many predicted, […]


Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports

Authored by Zainab Calcuttawala via OilPrice.com, Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the region elected to seek independence from Baghdad in a referendum in September, according to a new report by Rudaw. “In the case of northern Iraq; Iran, Iraq and Turkey will form a tripartite mechanism and […]


Iran Deploys Tanks To Border With Iraqi Kurdistan

Days before last week's Kurdistan referendum, Iran took steps to isolate and punish the Iraqi Kurdistan region and the government in Erbil (KRG). This included closing Iranian airspace to northern Iraq's two international airports and sending Iran's elite Revolutionary Guard forces to conduct drills along the northwest border with Kurdistan, but in the early hours […]


“A Dangerous Move”: Masoud Barzani Either Burned Or Paved The Way For The Syrian Kurds

Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media The decision of Kurdistan Regional Government (KRG) leader Masoud Barzani to hold a referendum for Kurdistan independence will define the future of the Kurds in north-east Syria. The international community (headed by the US with numerous military bases in Syria) […]


Kurdish Vote Won’t Spark A Sustained Oil Price Rally

Authored by Nick Cunningham via OilPrice.com, Turkey and Iraq have stepped up the pressure on Kurdistan after the semi-autonomous region of Iraq voted for independence. Turkey’s President Recep Tayyip Erdogan threatened to block Kurdish oil exports through Turkish territory, while Baghdad called for an international boycott of Kurdish oil sales. The Kurdish people appeared to […]


Iraq Deploys Troops To Kirkuk After Kurdistan “Yes” Vote; Turkey Threatens Blockade

Immediately on the heels of the Iraqi Kurdistan "yes" vote, the Iraqi parliament approved sending troops to the disputed Kirkuk region to prevent the Kurdistan Regional Government (KRG) from taking full control of the oil-rich area. Preliminary official results out Wednesday indicate a 92% vote in favor of Kurdish independence. A written statement produced by Baghdad […]