3 Charts to Know: Oil Surging on Iraq Fact or Fear?

The video discusses the impact of geopolitical events on the oil market, focusing on clashes between Iraqi and Kurdish forces and the subsequent closure of oil fields. It highlights Iraq's near-record oil production levels and the limited impact of the closures. The video also examines the Kurdish oil pipeline's capacity and the influence of political events on oil exports to Turkey, using Bloomberg Terminal charts for analysis.

What event led to the closure of two oil fields in Iraq?

• A technical failure

• An economic sanction

• A clash between Iraqi and Kurdish forces

• A natural disaster

What percentage of Iraq's daily oil production is affected by the closure of the two oil fields?

• 6%

• 20%

• 15%

• 10%

What is the maximum capacity of the Kurdish oil pipeline to Turkey?

• 500,000 barrels a day

• 1 million barrels a day

• 700,000 barrels a day

• 300,000 barrels a day

What geopolitical event is influencing the tightening of oil exports from Iraq to Turkey?

• A new oil discovery

• A change in government

• The Kurdish independence vote

• A trade agreement

What is the main question regarding the rise in oil prices?

• Is it based on actual supply disruptions or market fears?

• Is it due to increased demand?

• Is it influenced by currency fluctuations?

• Is it caused by new oil reserves?