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Iraq cuts 180,000 bpd as part of OPEC oil deal

  Reuters Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member’s oil minister said on Monday. The cut came from a 4.75 million bpd level, Jabar Ali al-Luaibi told reporters at an industry event at Chatham House in London. “We ...

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Kurdistan pays dues as oil rally boosts funds

  Bloomberg The government of Iraqi Kurdistan paid international oil companies for the first time in seven weeks, as rising crude prices gave a much-needed boost to the region’s coffers. DNO ASA, Genel Energy Plc and Gulf Keystone Petroleum Ltd. received a combined $53.9 million for oil sold in October as well as arrears, they said Monday. The Kurdistan Regional ...

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Liabilities mar Jinko’s expansion in solar industry

  Bloomberg JinkoSolar Holding Co. is poised to become the latest solar-industry leader to learn coming in first doesn’t always make you a winner. Jinko had 6.5 gigawatts of panel-production capacity at the end of the third quarter, and said full-year 2016 shipments may be as high as 6.7 gigawatts. That means the No. 3 solar company is poised to ...

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