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Along with awarding developmental rights for 11 oil and gas fields, Iraq will award service contracts in mid-April to develop the fields along Iraq’s borders with Kuwait and Iran, said the Iraqi oil ministry’s director-general for upstream oil contracts. WTI Crude is $64.91; Brent is $69.34 this morning. 
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The International Energy Agency (IEA) said this month that global oil demand would increase by 6.9 million bpd by 2023 to 104.7 million bpd, boosted by growth in Asia and a resurgent U.S. petrochemicals industry. WTI Crude is $64.45; Brent is $69.38 this morning.  Source: Reuters.com - By: Apeksha Nair - Image: Leonhard Foeger At an energy conference in Baghdad, OPEC Secretary General Barkindo said that he is looking for long-term cooperation between OPEC and non-OPEC oil producing countries. WTI Crude is $64.79; Brent is $68.87  Source: Reuters.com - By: Ahmed Rasheed - Imagge: Heinz-Peter Bader Oil prices have risen by more than 7 percent so far this month and by 5.3 percent in the first three months of the year, putting it on track for a third consecutive quarterly gain - something the market has not witnessed since late 2010. WTI Crude is $65.78; Brent is $70.32 this morning.  Source: Reuters.com - By: Amanda Cooper - Image: Aly Song/File Photo Growing geopolitical concerns about the U.S. leaving the Iran deal lifted oil prices back towards $70 per barrel. Supply growth in the U.S. could hit 2 million bpd over the summer months, analysts say. WTI Crude is $65.73; Brent is $70.38 this morning.  Source: Reuters.com - By: Ahmad Ghaddar - Image: Ernest Scheyder/File Photo |
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