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Following the resumption of Kirkuk crude exports on September 27, 2025, the oil markets are poised for significant shifts. This development marks a crucial turning point for the Mediterranean oil landscape, as the Iraqi grade reenters the market amid ongoing geopolitical dynamics and supply chain adjustments.
In this episode, John Morley is joined by crude oil reporters Luke Stuart and Ernest Puey to explore the potential implications of this reintroduction. They will discuss how the return of Kirkuk crude could affect pricing, regional supply dynamics, and the broader impact on Mediterranean trade flows.
Links:
Bearish sentiment grows across Med sweet crude complex in oversupplied market (subscriber content) Iraqi Kirkuk's return to Europe could further pressure sour differentials (subscriber content) Kirkuk FOB Ceyhan AAEJD00 CPC Blend CIF vs CPC Dated Brent Strip AAHPL00
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