Iran and Iraq are Opec’s biggest wild cards | The National

Iran and Iraq are Opec’s biggest wild cards | The National:



"Iran and Iraq have taken over from North American shale oil as the biggest wild card facing Opec and the world oil market in the year ahead, according to a number of leading market analysts.



New research by the Edinburgh oil consultancy Wood Mackenzie, for example, reckons that the combined additional production from the two countries could be running as much as 500,000 to 600,000 barrels per day (bpd) higher in the coming months.



On the other hand, the volatile conditions the two countries face mean output from the two could end up little changed, the consultancy adds."



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