Insight
Iraq's military actions near Kurdistan boost oil price
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
As we have been anticipating, geopolitical risk has become more important for oil prices as the oil market tightens. The week of 16 October 2017 is illustrative of this with Brent prices moving toward $59 per barrel in reaction to the latest events in northern Iraq – specifically, Iraq moving troops into the Kirkuk region. On 16 October, Iraqi federal forces quickly regained control of Kirkuk oil fields and the city. Despite the relatively peaceful handover at the time, supply from the region has been affected.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Azadegan Phase 2
Azadegan is the largest oil field discovered in Iran in the last 30 years, and one of the biggest globally, with estimated oil in place ...
$3,720
Insight
Middle East Conflict: what it means for Oilfield Services
Middle East conflict hits OFS activity and Q1 2026 earnings; 28 projects at risk as Strait of Hormuz closure disrupts Gulf operations.
$1,350
Insight
Could a winter crisis boost oil demand?
Ahead of winter, assessing the impact of Europe’s gas crisis on global oil demand
$1,350
