crude oil markets noticed a vast rise in fees in early 2025 due to declining US inventories and expanded demand because of bloodless weather. This coincided with the usa announcement on January 1 of sanctions on Russian oil trade targeting 183 tankers, which decreased the float of Russian oil to India and China, two of the most important importers of Iraqi oil.
monetary professional Yahya Al-Aqabi advised “dinaropinions.com” that “the contemporary worldwide tendencies offer promising opportunities for Iraq to boom its oil revenues, but this calls for effective management to conquer the boundaries related to OPEC+ commitments and the security state of affairs.”
Al-Aqabi added, “OPEC+ decisions to lift production restrictions may additionally give Iraq an opportunity to reinforce its oil exports, however those choices can also face different demanding situations associated with the required production quotas.”
Al-Aqabi mentioned that “fluctuations in global oil substances offer Iraq with an possibility to offer stable resources, which complements its function within the global marketplace.” but, he warned that “the security situation inside the location and tensions between generating international locations may also have an effect on Iraq’s percentage within the worldwide marketplace.”
Al-Aqabi stressed that “the modern-day state of affairs calls for Iraq to broaden strategic regulations to spend money on available opportunities and avoid capacity losses, especially in mild of local competition and geopolitical demanding situations.”
