Iraq to Discuss Turkey Oil Link Restart During Erdogan’s Visit

Iraq will discuss the resumption of an oil pipeline that has been closed since March when Turkey President Recep Tayyip Erdogan visits Baghdad, an adviser to the Iraqi prime minister said.

The oil market is closely watching for the restart of the conduit that can carry about 500,000 barrels a day of crude from Iraq’s semi-autonomous Kurdistan region to the port of Ceyhan in Turkey. The loss of supply comes amid signs of tighter demand and supply balances, which have helped push oil prices higher in recent days.