Iraqi Oil-Pipeline Closure Supports Global Crude Prices

Iraqi Oil-Pipeline Closure Supports Global Crude Prices Carbon Steel Line Pipe

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https://www.wsj.com/articles/iraqi-oil-pipeline-closure-supports-global-crude-prices-fe0a8ec7

The closure of a vital oil pipeline in northern Iraq is bolstering international prices and threatens supplies in European countries hunting for 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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Erw Steel Pipe API 5L This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Iraqi Oil-Pipeline Closure Supports Global Crude Prices - WSJ