EconSource: Iraq About to Flood Oil Market in New Front of OPEC Price War

Iraq plans to boost crude oil exports by about 26 percent to a record 3.75 million barrels per day (bpd) next month, according to shipping programs, signaling an escalation of the Organization of the Petroleum Exporting Countries’ (OPEC) strategy to undercut US shale drillers in the current market rout. The additional Iraqi oil is equal … Continue reading EconSource: Iraq About to Flood Oil Market in New Front of OPEC Price War