Iraqi Oil-Pipeline Closure Supports Global Crude Prices
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An oil well northwest of Kirkuk, Iraq. Oil exports through a vital pipeline account for the bulk of the economy in Iraqi Kurdistan.
.css-1i2ud9c-CreditTag{font-weight:400;text-transform:uppercase;} Photo: ako rasheed/Reuters
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The closure of a vital oil pipeline in northern Iraq is bolstering international prices and threatens supplies in European countries hunting for .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} alternatives to Russian crude .
Producers including Norway’s DNO ASA, London-listed Gulf Keystone Petroleum Ltd. and Dallas-based HKN Energy Ltd. say they have either started to shut wells in semiautonomous Iraqi Kurdistan, or will soon do so if the blockage doesn’t free up. They lost access to the pipeline after the federal Iraqi government said last weekend it had won a long-running arbitration case against Turkey over control of Kurdish crude exports .
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An oil well northwest of Kirkuk, Iraq. Oil exports through a vital pipeline account for the bulk of the economy in Iraqi Kurdistan. .css-1i2ud9c-CreditTag{font-weight:400;text-transform:uppercase;} Photo: ako rasheed/Reuters. .css-mbn33i-AuthorLink{color:var(--interactive-text-color);font-style:var(--font-style-italic);}.css-mbn33i-AuthorLink:hover{-webkit-text-decoration:none;text-decoration:none;} Benoit Faucon .css-kx7fw8-FollowButton{display:inline;margin:0 8px;}.css-kx7fw8-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;} Joe Wallace. print. Listen to article. (2 minutes) The closure of a vital oil pipeline in northern Iraq is bolstering international prices and threatens supplies in European countries hunting for .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} alternatives to Russian crude . Producers including Norway’s DNO ASA, London-listed Gulf Keystone Petroleum Ltd. and Dallas-based HKN Energy Ltd. say they have either started to shut wells in semiautonomous Iraqi Kurdistan, or will soon do so if the blockage doesn’t free up. They lost access to the pipeline after the federal Iraqi government said last weekend it had won a long-running arbitration case against Turkey over control of Kurdish crude exports . 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Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It. 14 hours ago. Wall Street Bonuses Fall by Most Since 2008 5 hours ago. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8. Continue reading your article with a WSJ subscription. Subscribe Now. Already a subscriber? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In. DoorDash : 50% off + free delivery on $20 orders with DoorDash promo code. Wayfair : Wayfair Coupon - 20% Off. Walmart : Walmart Spring Coupons, Sales, Deals & Rollbacks - Up to 80% off. Nike : Nike promo code: Members save up to 50% on select styles. Barcelo : Hotel Promo: Up to 40% Off + Extra 10% Off Barcelo coupon code. SHEIN : 30% off using this SHEIN coupon code.