Iraqi Politics and Implications for Oil and Energy

While prospects that Iraq could reach its ambitious oil production targets are fading, political instability in a number of oil-producing countries are having adverse effects on OPEC production and spare capacity, according to a new study by the Baker Institute.

The report says that the international community is very likely to be reliant on Iraq and Saudi Arabia to bring more oil to international markets over the coming years if the world is to avert another supply crunch like that which occurred in 2008.

The study, by Meghan O'Sullivan, concludes that Iraq and Saudi Arabia may have difficulty meeting rising demand for oil in the near term.

Please click here to download the full report.

Comments are closed.