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Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline...
23 Sep, 2025 09:21 107 min read
Oil prices fell for a fifth day due to concerns about oversupply, amplified by an agreement to restart an oil pipeline from Iraqi Kurdistan. This adds significant volume to a market already facing predictions of a growing surplus from the IEA. While geopolitical risks and potential EU sanctions on Russia remain, the dominant factors are slowing demand and increasing supply, with Saudi exports hitting a four-month low and Iraq increasing its output.... More