The International Energy Agency

The International Energy Agency latest

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.

November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?

When oil giant Exxon Mobil sold half of its stake in Iraq’s giant West Qurna-1 oil field to Asian investors in August, it marked a watershed moment for the Iraqi oil industry.

Shale oil production reached about 2 million barrels a day last year, pushing overall US output to 6.4 million barrels of oil per day, the most in 15 years and 32 per cent above the level five years ago.

September 25th, 2013 - 08:56 GMT

The International Energy Agency latest

Are Iraq's oil ambitions going down the drain?

A new oil market is in the making, thanks to the US shale boom