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Iraq opens up on oil output but remains firm on OPEC stance

2016-10-27 07:27:40 EST

Following his visit to Baghdad, senior editor Eklavya Gupte recounts some of the revelations by Iraq's oil ministry on its oil output and its position ahead of OPEC's crucial meeting on November 30.

News Headlines

Sao Paulo (Platts)--27 Oct 2016 558 pm EDT/2158 GMT
The CEOs of mining companies Vale and BHP Billiton will meet in London next week to discuss disagreements over how joint-venture company Samarco deals with tailings at its mines in Brazil, Vale CEO Murilo Ferreira said Thursday.
Houston (Platts)--27 Oct 2016 553 pm EDT/2153 GMT
Los Angeles CARBOB bounded higher Thursday to an assessment at the NYMEX December RBOB futures contract plus 26.25 cents/gal, 19 cents higher than Wednesday's futures plus 7.25 cents/gal.
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October 24, 2016
Former US Energy Secretary Bill Richardson joins Capitol Crude to detail the changing role of OPEC in the global oil market and oil diplomacy.
October 21, 2016
We compare notes on the recent World Steel Association gathering in Dubai, where execs were upbeat and global demand projections pointed toward growth.
October 18, 2016
Saudi Aramco recently stopped its open credit line to Egypt's EGPC halting the supply of refined products. We discuss developments with a focus on the impact on the oil markets.
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Feature: US Election 2016

October 17, 2016
At the tail end of the closely watched presidential debate on October 9, which largely will be remembered for sharp exchanges and personal attacks, the candidates provided a rare glimpse of their energy priorities.
Also in this feature
Steel could be winner in 2016 race for US president, execs say
US executives attending the World Steel Association's annual meeting in Dubai said steel should end up a winner in the American presidential election, regardless of which candidate wins the White House in November.
Paris climate deal to be in force before US election
The EU Parliament on October 11 approved the ratification of the Paris Agreement on climate change, clearing the way for the EU to formally ratify the deal.

Price Focus

The Japan Korea Marker (JKM) benchmark price assessment is for spot physical cargoes delivered ex-ship into the two countries with the largest share of LNG imports, Japan and South Korea.

The Barrel Blog

October 27, 2016
For all the problems and challenges this country has, others want to be here. Austrian steelmaker Voestalpine highlights the US' manufacturing appeal.
October 26, 2016
While Indian steelmakers are ramping up newly installed capacities and increasing output, Indian consumers remain stubbornly unmoved about consuming all that local steelmakers are making.
October 25, 2016
Moving toward the brink of war is about as serious as a geopolitical relationship can get — and that is where Moscow and Ankara found themselves after NATO member Turkey shot down a Russian fighter jet on the border with Syria on November 24 last year.
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M2M-NGL Forward Curves

Published February 2016

The M2M-NGL Forward Curves guide describes the methodology used to compute the M2M NGL. Platts "Quantitative Forward Curves" QFC are developed incorporating Platts' editorial market knowledge, Platts' extensive database of historical price assessments and Platts Analytics expertise.

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