Rising political turmoil in Iraq could soon threaten the country’s oil production, with some analysts suggesting that up to a million barrels per day could be taken offline. As well as unrest in Baghdad, tensions between the Kurdistan Regional Government and the Iraqi government have been heating up lately, threatening Kurdish production. While Iraq’s oil industry is remarkably resilient in the face of unrest, the current political crisis and tensions with Kurdistan could significantly impact today’s tight oil markets. Iraq’s record-high oil exports could be hindered by the rising political turmoil being seen across the country. While political instability has typically had little effect on the country’s oil industry, growing unrest is now threatening Iraq’s oil output. In addition, Iraq continues to battle over oil ownership in the Kurdistan region, adding to the industry’s challenges. Iraq’s oil industry had been reporting positive trends in recent months , with production […]