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Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field
Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field
Here are the most critical developments unfolding in the US-Iran conflict:
Iraq's crude oil output is being significantly curtailed. An update from Iraq specifies a shutdown of 460,000 bpd at West Qurna 2 and a cut of 700,000 bpd at Rumaila, while warning that more than 3 million bpd could be forced offline in the coming days if tanker access remains limited.
Export crude bottlenecks are developing across Iraq. Storage at southern export terminals is nearing critical capacity...
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Feb 15, 2026 / Tyler Durden
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Authored by Andrew Korybko via Substack,
German Finance Minister Lars Klingbeil recently declared that “Now is the time for a two-speed Europe. Germany, together with France and other partners, will therefore now take the lead in making Europe stronger and more independent. As the six biggest economies in Europe, we can now be the driving force.” Apart from those two, this exclusive tier will also include Italy, Spain, the Netherlands, and Poland. The goal is to optimize decision-making by...
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Wall Street remains hyper-focused on whether the hyperscalers' AI-driven data center buildout, now approaching $700 billion and roughly 10 times 2020 levels, will ultimately generate enough returns to justify the massive spending boom.
Goldman analysts, led by Mark Delaney, focused on the "impact of AI on profit pools" and, more specifically, on the incremental profit AI-enabled initiatives in the transportation space could ultimately generate.
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