With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday). As the spotlight swings onto another meeting of global producers – this time in Istanbul this week – rhetoric out of Saudi and Russia is once again encouraging an oil rally. Hark, here are five things to consider in oil markets today. 1) Over the last week we’ve touched on both Saudi Arabian and Kuwaiti oil exports to the U.S. Iraq is also a key supplier of crude to the U.S., sending just shy of 400,000 barrels per day so far this year through September. Our ClipperData shows Iraqi crude heading to the East, West and Gulf Coasts, with just over 60 percent of these barrels being Basrah Light, with the remaining being Basrah Heavy. As the chart below illustrates, […]