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Politics : Politics for Pros- moderated
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From: Brumar895/20/2008 6:52:24 PM
   of 793696
 
Iraqi production hits 2.5M bpd. Exports up significantly over the past year. slides 22 & 23
state.gov

SA is starting up production from a new oil field (Khursaniyah). Iraq's exports are continuing to rise. The new Reliance refinery in India is to start up in July providing a market for some of Gulf heavy crude without a market now. The US will stop SPR purchases in July. Oil prices are hard to predict. Multinational oil companies can't do it. But I'm beginning to get a little optimistic - could we see lower oil prices later this year?

but what the heck do I know?
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