21. Iraqi exports were about to begin when its military launched an offensive in Kurdish northern Iraq during the weekend. 22. More OPEC oil could offset reduced Iraqi exports, traders said. 23. Negotiations are under way at United Nations headquarters in New York on easing the five-year-old oil embargo on Iraqi exports. 24. Oil company stocks have struggled because of concern warm weather, declining Asian demand and imminent Iraqi exports will continue to reduce oil prices. 25. OPEC officials say there is enough demand to absorb the new Iraqi exports and perhaps some additional output. 26. Renewed Iraqi exports and weaker demand from Asian economies will add to the glut. 27. Renewed Iraqi exports next year would coincide with higher production from the Organization of Petroleum Exporting Countries, of which Iraq is a member. 28. The announcement ends a two-month delay in Iraqi exports, caused chiefly by wrangling over a plan for the distribution of aid. 29. The clashes are in the north of the region, where the Kirkuk oilfields are and where Iraqi exports are shipped to Turkey. 30. The fall came on expectations that supplies would surge after the Organization of Petroleum Exporting Countries raised its export quotas and on expectations that Iraqi exports will rise. |