Kirkuk, Iraq crude flows to Ceyhan, Turkey recommenced on the 13th of March, according to source reports
Newsquawk Staff ·
Kirkuk, Iraq crude flows to Ceyhan, Turkey recommenced on the 13th of March, according to source reports.
What it means
The resumption of crude flows from Kirkuk, Iraq to Ceyhan, Turkey could signal a stabilizing supply chain in an otherwise fragmented region. This should be monitored closely, as it may impact WTI and Brent prices, especially if these flows are sustained, potentially alleviating some price pressures in the market.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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