CAMBRIDGE – One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger boost to global growth. Despite the collapse in prices, from over $115 per barrel in June 2014 to $45 at the end of November 2015, most macroeconomic models suggest that the impact on global growth has been less than expected – perhaps 0.5% of global
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Iraq Energy Institute (IEI) conducted this exclusive interview with HE Thamir Al-Ghadhban, the Senior Advisor to the Prime Minister of Iraq on Energy Affairs. Mr. Al-Ghadhban has decades’ of experience in the energy sector, working through the nationalization period of Iraq’s oil industry in the 1970s and 80s, and held various senior positions in Iraq’s Ministry of Oil during t
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This comment refers to a blog by Mason Johnson on the subject mentioned in the title which was republished on the website of Iraqi Economists Network (see link bellow) The delay in implementing sea water injection is the main problem facing the increase of production from southern fields of Iraq at present. However there are other shortages resulting delays in increasing stora
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OPEC Monthly Oil Market Report – July 2015 The OPEC Reference Basket averaged $60.21/b in June, representing a decline of $1.95. Crude oil futures prices saw mixed movement with ICE Brent falling by $1.86 to average $63.75/b, while Nymex WTI gained 46¢ to reach $59.83/b. This caused the Brent-WTI spread to narrow to around $3.90/b for the month. Money managers further reduced n
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Erbil-Baghdad oil relations swing between deal, no deal ERBIL, Iraq — Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon budget handouts, the autonomous Kurdistan Regional Government (KRG) has embarked on a new policy of unilateral independent oil sales. Since the b
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