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BP Urged to Develop Oil Fields in Kirkuk

Iraq urged BP to help develop oilfields in the disputed city of Kirkuk on Wednesday, after central government forces loyal to Baghdad swept through the Kurdish-held territory at the start of the week.Iraqi forces began a takeover of almost the entire disputed Kirkuk province Monday, with Kurdish forces retreating to nearby oilfields.The military maneuvers in northern Iraq come after the country’s semi-autonomous Kurdistan region voted overwhelmingly in favor of independence in a referendum last month. The vote was subsequently declared illegitimate by Iraq’s central government.

Source: Kirkuk: Iraq calls on BP to ‘quickly’ develop disputed oilfields – CNBC [1]

USD/JPY – Yen Under Pressure, Markets Braced for Soft Japanese Trade Surplus [2]

USD/CAD – Canadian Dollar Quiet Ahead of Cdn. Manufacturing Sales [3]


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Craig Erlam

Craig Erlam [8]

Senior Market Analyst, UK & EMEA at OANDA [9]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [8])