BAML: Iraq poses risk to oil outlook

oil-pipeline-junction-against-dawn-sky

BAML says while Iraq has the potential to vastly expand productive capacity, the Iraqi government's stated intention to increase oil capacity from 2.5 to 10-12 million barrels per day (b/d) over the next decade is "very optimistic and we remain sceptical that such increases can be achieved".

However, BAML says, ‘still, a four-fold increase in Iraqi production could be sufficient to keep oil prices from rising above $100 per barrel (/bbl) for much of this decade.'

The US Energy Information Admini

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: