GasBuddy Blog

GasBuddy News Article

votes

Iraq's March Oil Exports Highest Since 2003 - Ministry

Dow Jones Newswires --
Iraq's oil exports in March ran at an average of 2.317 million barrels a day, putting them on track for the highest monthly volume since the 2003 U.S.-led war, due to a new offshore export terminal, a spokesman for the Oil Ministry said Sunday.

The figure marks a rise from 2.014 million barrels a day in February.

Revenue from crude oil exports hit $8.475 billion in March, the highest in years, Assem Jihad told Dow Jones Newswires.

In March, Iraq, a founding member of the Organization of Petroleum Exporting Countries, sold its crude at an average of $118 a barrel, the spokesman said.

Basra light crude exports flowed at 1.917 million barrels a day in March, up from 1.639 million barrels a day in February. The increase is attributed to the operation of a new sea-export terminal

Read the Full Article

Submitted Apr 02, 2012 By: RENEGADEGAS

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Iraq's March Oil Exports Highest Since 2003 - Ministry	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Apr 5, 2012 6:00:31 AM Ignore honda0105 Report Abuse TerryLee: show me where the previous administration had any ROI on the war they started?
ExplorerWA Champion Author Washington Posts:4,093 Points:800,075 Joined:Feb 2011	Message Posted: Apr 2, 2012 9:30:41 PM Ignore ExplorerWA Report Abuse We should be paid for freeing them and have a flow of oil coming to the US, but again we managed to snatch defeat out of the jaws of victory.
Alfied Champion Author Riverside Posts:7,955 Points:1,759,185 Joined:Jun 2001	Message Posted: Apr 2, 2012 4:36:14 PM Ignore Alfied Report Abuse So, don't you think they should pay us back for getting rid of Hassad?
tes283 All-Star Author Tampa Posts:865 Points:368,850 Joined:Dec 2011	Message Posted: Apr 2, 2012 1:44:30 PM Ignore tes283 Report Abuse so when will the gas prices go down.
BurtB Champion Author Los Angeles Posts:5,191 Points:1,369,015 Joined:Jun 2006	Message Posted: Apr 2, 2012 1:37:22 PM Ignore BurtB Report Abuse None of that money is going back to the US, dad2two . You can thank all the liberals who accused us of liberating the Iraqi people for oil. If we were not trying to defend ourselves from that false charge, we could have gotten 80% of our costs reimbursed from a grateful Iraq.
dad2two Champion Author Dallas Posts:3,555 Points:752,345 Joined:May 2010	Message Posted: Apr 2, 2012 11:59:08 AM Ignore dad2two Report Abuse How much of that revenue is going back to the U.S. for liberating them?
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Apr 2, 2012 11:19:23 AM Ignore TerryLee Report Abuse Because Obama is all talk and no action
mikesr11 Champion Author New York City Posts:3,517 Points:683,140 Joined:Mar 2011	Message Posted: Apr 2, 2012 10:55:44 AM Ignore mikesr11 Report Abuse WHERE ARE ALL THESE EXPORTS GOING? I DON'T BELIEVE HERE!
BWALL2700 Champion Author Illinois Posts:2,174 Points:195,735 Joined:Apr 2011	Message Posted: Apr 2, 2012 10:44:25 AM Ignore BWALL2700 Report Abuse It doesn't matter. Gas prices still to high.
eaglev Champion Author Oklahoma City Posts:4,001 Points:937,155 Joined:Jul 2005	Message Posted: Apr 2, 2012 10:44:17 AM Ignore eaglev Report Abuse You can see it at the pumps. $4 a barrel will be the norm and looks like it will push to $5.
CPayZombie Champion Author Phoenix Posts:10,084 Points:1,658,540 Joined:Aug 2008	Message Posted: Apr 2, 2012 10:42:56 AM Ignore CPayZombie Report Abuse Well, you loose some and you loose some.
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Apr 2, 2012 10:41:29 AM Ignore TWS658 Report Abuse Ok.
CISA Champion Author Orange County Posts:5,956 Points:1,400,940 Joined:Dec 2006	Message Posted: Apr 2, 2012 10:40:56 AM Ignore CISA Report Abuse Iran: drill & ship, drill & ship, drill & ship BHO: shutdown & Luddite, shutdown & Luddite, shutdown & Luddite is there a pattern here?
bowler300MO Champion Author Missouri Posts:1,988 Points:874,340 Joined:Mar 2010	Message Posted: Apr 2, 2012 10:39:58 AM Ignore bowler300MO Report Abuse why are we still pouring money into Iraq, time to cut it off and get out
orphancarguyPE Champion Author PEI Posts:3,865 Points:737,915 Joined:Jan 2011	Message Posted: Apr 2, 2012 10:39:44 AM Ignore orphancarguyPE Report Abuse Iraq is a 'major exporter'? Put it all in the proper context, please. -The US uses over 19 million barrels a day, even though there has been cuts in use with high prices, an economic slowdown, and greater efficiency, and about 50% of it is imported (ie, getting very close to 10 million barrels a day). -The much ballyhooed fracking in North Dakota is up to 500,000 barrels a day, might hit 900,000 by 2015, and might hit 1.3 million bpd by 2025. That is 2.6% now, 4.7% by 2015 (if no increase in use) and 6.8% by 2025 (if not increase in use) -North Dakota has overtaken California in oil production. What the general public overlooks is that ALL the conventional oil producing states in the US like Texas, California etc are steadily and slowly declining, so the previous statement on available percentages will be much lower than expected by the general public. -The world uses about 87+ million barrels a day, and currently there is a production reserve of maybe 1 to 1.5 millions barrels a day in ALL the world. -Iran, by contrast, has been been producing about 4 million bpd So, if the Iranian embargo becomes somewhat successful, the world will start experiencing an actual shortage of crude oil that no-one will be able to make up in production. NO-ONE. Once the stored reserves everywhere are drawn down, then real shortages and price panic will set in. Welcome to the times of post-peak oil, happening any old day now, not some time in the distant future. Even without the embargo, it would be happening anyway in a handful of years, and we should have been planning for this eventuality 35-50 years ago, not making it up in baby steps decades late on the cusp of disaster After all, M King Hubbert very accurately predicted back in the late 40s that US peak oil production would take place about 1970 (actually, it occurred December 1970) and has overall declined gradually ever since, in spite of the temporary blips of Alaska and fracking. What has occurred in the output of coal and US (and British etc) oil, is now happening to worldwide oil
sramroop Champion Author Birmingham Posts:3,332 Points:742,780 Joined:Jul 2010	Message Posted: Apr 2, 2012 10:39:40 AM Ignore sramroop Report Abuse Expected.....and the poor is getting poorer....:((
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,210 Joined:Sep 2005	Message Posted: Apr 2, 2012 10:38:07 AM Ignore gassy4u Report Abuse And?
kc58veteran Champion Author Pennsylvania Posts:2,536 Points:589,305 Joined:Jul 2009	Message Posted: Apr 2, 2012 10:37:48 AM Ignore kc58veteran Report Abuse BUT, Was ALL The U.S. Military DEATHS & INJURIES WORTH IT????
Tatalah Champion Author Riverside Posts:11,626 Points:2,466,045 Joined:May 2003	Message Posted: Apr 2, 2012 10:37:39 AM Ignore Tatalah Report Abuse Sometimes there are factors that say "sell" !!!!!
htd2007 Veteran Author Twin Cities Posts:476 Points:135,185 Joined:Apr 2011	Message Posted: Apr 2, 2012 10:36:53 AM Ignore htd2007 Report Abuse highest priced...
ted4636 Champion Author Cleveland Posts:3,501 Points:1,640,585 Joined:Jun 2007	Message Posted: Apr 2, 2012 10:36:13 AM Ignore ted4636 Report Abuse ok
WebGabe Champion Author Pennsylvania Posts:2,384 Points:499,545 Joined:Jun 2007	Message Posted: Apr 2, 2012 10:36:10 AM Ignore WebGabe Report Abuse Ok.
katmandue Champion Author Detroit Posts:8,086 Points:2,137,045 Joined:Jul 2006	Message Posted: Apr 2, 2012 10:35:15 AM Ignore katmandue Report Abuse Our military wasted, troops lives wasted, civilian lives wasted all for oil!
Diesel_Ram Champion Author Dallas Posts:6,517 Points:1,521,385 Joined:Jan 2009	Message Posted: Apr 2, 2012 10:35:10 AM Ignore Diesel_Ram Report Abuse With prices high you would think usage would be down slightly.
Wolfwings Champion Author Delaware Posts:8,755 Points:1,779,390 Joined:May 2004	Message Posted: Apr 2, 2012 10:35:04 AM Ignore Wolfwings Report Abuse Feeling the "PINCH", I guess.
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Apr 2, 2012 10:34:28 AM Ignore Galmar352 Report Abuse And the prices are not going down... STOP OIL SPECULATION NOW!!!
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Apr 2, 2012 10:33:33 AM Ignore spiderjay Report Abuse normally that would be a good thing
Road4Runner Sophomore Author Ontario Posts:170 Points:13,380 Joined:Apr 2012	Message Posted: Apr 2, 2012 10:33:01 AM Ignore Road4Runner Report Abuse This article further substantiates sound reasoning that we consumers need to walk, walk, walk when able to do so. Make an effort to not get got in the trap of struggling to drive because none of the poor can afford to in the first place. This senior sees no benefit of these 1.917 million barrels a day in March .. this article is for the eyes of the rich.
viperND Champion Author South Bend Posts:3,325 Points:738,865 Joined:Apr 2011	Message Posted: Apr 2, 2012 10:32:11 AM Ignore viperND Report Abuse :)
fatboy97 Champion Author Twin Cities Posts:2,499 Points:1,710,500 Joined:Aug 2007	Message Posted: Apr 2, 2012 10:31:33 AM Ignore fatboy97 Report Abuse That's good news... now to fix the Iranian issue.
arnerator Champion Author Seattle Posts:8,199 Points:1,621,025 Joined:Sep 2008	Message Posted: Apr 2, 2012 10:31:04 AM Ignore arnerator Report Abuse Anything to offset Iran.
Sethyl Champion Author Miami Posts:1,768 Points:380,390 Joined:Oct 2009	Message Posted: Apr 2, 2012 10:30:13 AM Ignore Sethyl Report Abuse Still making record profits. Why not pump as much as possible right now.
mediccoy Champion Author North Carolina Posts:11,932 Points:2,315,005 Joined:May 2006	Message Posted: Apr 2, 2012 10:30:08 AM Ignore mediccoy Report Abuse When Iraq's oil exports peak...standby for the next battle!
jb107 Champion Author New Jersey Posts:9,569 Points:2,624,925 Joined:Sep 2005	Message Posted: Apr 2, 2012 10:29:31 AM Ignore jb107 Report Abuse They are coming back.
stevencr Champion Author Ohio Posts:5,671 Points:1,437,690 Joined:Mar 2009	Message Posted: Apr 2, 2012 10:29:02 AM Ignore stevencr Report Abuse It has not done a bit of good to lower oil prices.
buzzieNY Champion Author Buffalo Posts:2,909 Points:638,480 Joined:Jun 2011	Message Posted: Apr 2, 2012 10:28:45 AM Ignore buzzieNY Report Abuse Iraq's oil exports in March ran at an average of 2.317 million barrels a day, putting them on track for the highest monthly volume since the 2003 U.S.-led war, due to a new offshore export terminal, a spokesman for the Oil Ministry said Sunday. Hopefully that new terminal is the one that will bypass Iran..
JoeKR Champion Author New Jersey Posts:9,484 Points:1,746,490 Joined:Feb 2006	Message Posted: Apr 2, 2012 10:28:10 AM Ignore JoeKR Report Abuse Hope those revenues aren't going to revolutionaries!
tribill Champion Author Twin Cities Posts:3,342 Points:2,341,960 Joined:Feb 2006	Message Posted: Apr 2, 2012 10:28:01 AM Ignore tribill Report Abuse Whatever....
LuthierKS Champion Author Wichita Posts:3,764 Points:732,855 Joined:Apr 2011	Message Posted: Apr 2, 2012 10:27:18 AM Ignore LuthierKS Report Abuse When do we get our share?
gknee09 All-Star Author Philadelphia Posts:985 Points:825,515 Joined:Jul 2009	Message Posted: Apr 2, 2012 10:24:58 AM Ignore gknee09 Report Abuse good to see them coming back. hopefully one hand will wash the other
bluenvoy Champion Author Nashville Posts:14,992 Points:1,879,590 Joined:Oct 2005	Message Posted: Apr 2, 2012 10:24:50 AM Ignore bluenvoy Report Abuse Goo for them.
LostAgain2009 Champion Author New Mexico Posts:2,398 Points:711,685 Joined:Apr 2009	Message Posted: Apr 2, 2012 10:24:28 AM Ignore LostAgain2009 Report Abuse No shortage of oil
Indy1 All-Star Author Quad Cities Posts:877 Points:805,825 Joined:Apr 2008	Message Posted: Apr 2, 2012 10:24:19 AM Ignore Indy1 Report Abuse Where did it all go?
ANT01 Champion Author Fresno Posts:4,229 Points:867,650 Joined:Apr 2007	Message Posted: Apr 2, 2012 10:23:26 AM Ignore ANT01 Report Abuse hmm
SnickersDog Champion Author Denver Posts:3,298 Points:683,910 Joined:Feb 2011	Message Posted: Apr 2, 2012 10:23:21 AM Ignore SnickersDog Report Abuse Good for Iraq
AC-302 Champion Author Los Angeles Posts:26,606 Points:2,905,020 Joined:Aug 2004	Message Posted: Apr 2, 2012 10:22:18 AM Ignore AC-302 Report Abuse Glad to see Iraq on line again.
58salty Champion Author Jacksonville Posts:6,662 Points:632,815 Joined:Aug 2011	Message Posted: Apr 2, 2012 10:22:17 AM Ignore 58salty Report Abuse And this helps us how?
JCS Champion Author Twin Cities Posts:4,043 Points:1,316,715 Joined:Apr 2002	Message Posted: Apr 2, 2012 10:22:16 AM Ignore JCS Report Abuse So, Pay us for saving you.
khareabhishek All-Star Author Milwaukee Posts:812 Points:401,655 Joined:Feb 2010	Message Posted: Apr 2, 2012 10:21:52 AM Ignore khareabhishek Report Abuse This will not bring the prices down.... Hunger games is set in future... currently Greed games going on ....
GasholeMI Champion Author Lansing Posts:10,154 Points:1,721,215 Joined:Jul 2008	Message Posted: Apr 2, 2012 10:21:22 AM Ignore GasholeMI Report Abuse Going in the right direction for oil production.