19 August 2014
Crude prices fall to 13-month lows despite Iraq turmoil
The International Energy Agency said oil prices were "eerily calm"
Crude prices fell to their lowest levels in almost 14 months in mid-August, despite ongoing instability in Iraq. Brent fell to $101.60 per barrel (/b) on 18 August - its lowest level since June 2013 - as Iraqi and Kurdish troops regained control of Iraq's largest dam from Islamic State (IS) militants. The International Energy Agency (IEA) said oil prices had been "almost eerily calm in the face of mounting geopolitical risks spanning an unusually large swathe of the oil-producing world". After a spike in early June, crude prices fell throughout August as weak OECD refinery runs offset concerns about escalating conflicts in Iraq, Libya and Ukraine. WTI was also under pressure as US crude ou
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
