Energy Correspondent, London
Julia's Feed
Jul 16, 2014

Libya offers first oil from Ras Lanuf port since reopening

LONDON (Reuters) – Libya’s National Oil Corp has offered the first crude oil from its major eastern Ras Lanuf terminal for end-July loading, two weeks after a rebel group agreed to end its nearly 1-year blockade of the bulk of the country’s oil facilities.

NOC has issued tenders to sell 2 million barrels of crude oil from its recently reopened Ras Lanuf, a tender document and traders said on Wednesday.

Jul 16, 2014

Libya’s oil exports stutter, major eastern ports await restart

TRIPOLI/LONDON, July 16 (Reuters) – Libya will not be able
to export oil through its two largest eastern ports before
August, due to safety checks after a near year-long closure, a
senior oil official said on Wednesday.

The latest twist in a spiral of violence also casts a shadow
over the vital deal two weeks ago to end the eastern blockade by
federalist protesters of the last two facilities they held.

Jul 4, 2014

Brent dips below $111 on signs of rising supply

LONDON, July 4 (Reuters) – Brent futures dipped below $111 a
barrel on Friday on the prospect of revived Libyan exports and
more U.S. crude soon finding its way to refiners, but losses
were tempered by economic data pointing to an improved demand
outlook.

Brent crude fell 22 cents to $110.78 a barrel by
1048 GMT and looked set to lose 2 percent this week.

Jul 3, 2014

Iraqi Kurds say will sue Baghdad if it blocks oil sales

LONDON, July 3 (Reuters) – Iraq’s autonomous Kurdish region
has hit back at Baghdad over independent oil exports, a letter
from the Kurdistan Regional Government (KRG) showed, threatening
to counter sue the central government for trying to block its
sales.

The strongly worded letter shows growing confidence from the
Kurdish capital Arbil in the long-running oil sales dispute, as
Baghdad struggles to regain control of swathes of territory lost
to a Sunni Islamic militant insurgency.

Jun 21, 2014

Israel accepts 1st delivery of disputed Kurdish pipeline oil

LONDON, June 21 (Reuters) – A tanker delivered a cargo of
disputed crude oil from Iraqi Kurdistan’s new pipeline for the
first time on Friday in Israel, despite threats by Baghdad to
take legal action against any buyer.

The SCF Altai tanker arrived at Israel’s Ashkelon port early
on Friday morning, ship tracking and industry sources said. By
the evening, the tanker began unloading the Kurdish oil, a
source at the port said.

Jun 20, 2014

First oil delivery from disputed Kurdish pipeline set for Israel

LONDON (Reuters) – Iraqi Kurdistan looked set to unload its first cargo of disputed crude oil in Israel from its new pipeline after weeks of seeking an outlet as Iraq’s central government has threatened legal action against any buyer.

The SCF Altai tanker was anchored near Israel’s Ashkelon port early on Friday morning, ship tracking and industry sources said. The tanker is expected to dock early on Saturday, local sources said.

Jun 18, 2014

Kirkuk the elephant in the room as Kurds, Iraqis talk pipelines

LONDON (Reuters) – Barely a week after Iraqi Kurdistan took over the Kirkuk oil field, Iraqi oil officials seemed resigned to its loss when they joined their Kurdish counterparts at a London industry conference.

Instead of tough messages over ownership of the prized giant field, the Iraqis sparred with the Kurds over pipeline logistics, as though the change of affairs was now the status quo.

Jun 18, 2014

New link from Kirkuk oil hub to Kurdish pipeline needs testing

LONDON, June 18 (Reuters) – A newly built link connecting
the major Kirkuk oil hub to Iraqi Kurdistan’s independent
pipeline requires testing before it can be used, Kurdistan’s
deputy minister of natural resources said on Wednesday.

“It still needs to be tested,” Taha Zanghana, deputy
minister of natural resources of Iraqi Kurdistan, told reporters
at a conference in London.

Jun 17, 2014

Iraqi Kurds link Kirkuk to own oil pipeline, plan more exports

LONDON, June 17 (Reuters) – Iraqi Kurdistan has built a link
connecting Kirkuk to its newly-built pipeline to Turkey, its
minister of natural resources said, potentially cementing
Kurdish control over the northern oil hub and reducing its
reliance on Baghdad.

The link could allow the Kurds to start exports of Kirkuk
crude oil through their own network, giving them a major source
of independent revenue and boosting any ambitions of sovereign
statehood as Iraq falls into increasing disarray.

Jun 13, 2014

Oil higher on escalating fighting in Iraq

LONDON, June 13 (Reuters) – Brent crude oil pared gains but
remained above $113 a barrel on Friday on easing concerns that
an insurgency in Iraq would trigger a sudden and significant
halt in its oil exports.

“The market in general is trying to assess the risks on
Iraq. There was a big market reaction and then the IEA
(International Energy Agency) said it did not see a risk to
supplies so the volatility is reflecting this,” Olivier Jakob at
Petromatrix consultancy said.