Iraq invites global oil firms for talks on Kurdistan contracts
- Crude oil prices have stabilized around $70 per barrel, influenced by geopolitical developments and shifts in supply and demand expectations as noted in the market analysis.
- The U.S. Energy Information Administration projects U.S. Oil production will reach 13.6 million barrels per day in 2025, potentially increasing supply pressure on the market.
- OPEC+ is considering production adjustments due to rising global supply, with non-OPEC+ supply expected to surpass demand growth by 500,000 barrels per day in 2025.
- Broader economic indicators, including slowing growth in the U.S. And rising unemployment claims, may negatively impact oil consumption and market dynamics, as highlighted in the economic analysis.
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Iraq invites global oil firms for talks on Kurdistan contracts
Iraq's Ministry of Oil said on Saturday it had invited global foreign companies operating under the Association of the Petroleum Industry of Kurdistan (APIKUR) umbrella, along with firms contracted by the Kurdistan Regional Government (KRG), to a meeting in Baghdad on March 4.
·United Kingdom
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Total News Sources18
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
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