Energy Update
BAGHDAD, Feb 16 (Reuters) - Iraq is ready to commit to freezing its oil production at January levels if a deal is reached among OPEC and non-OPEC countries, an Iraqi oil ministry source said on Tuesday.
Feb 16 (Reuters) - Oil and natural gas producer Energy XXI Ltd said it chose not to make an interest payment due on Tuesday, to continue talks with its debtholders related to alternatives to improve its capital structure.
Even though many climate models hint that the coming El Niño may rival or even surpass the El Niño of 1997-98, the forecasted rainfall may still be unpredictable. However, what remains true is that the past decade of catastrophic wildfires and drought have left a parched landscape ill prepared for torrential rainfall, which can quickly create significant problems for solar and wind projects across the globe.
BAGHDAD, Feb 16 (Reuters) - Iraq is ready to commit to freezing its oil production at January levels if a deal is reached among OPEC and non-OPEC countries, an Iraqi oil ministry source said on Tuesday.
DUBAI, Feb 16 (Reuters) - Iran will not give up its appropriate share of the global oil market, the Iranian oil minister was quoted by his ministry's news agency as saying on Tuesday.
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