'Despite the political tension within the region Iraq's output is steady and has not been affected.'
'Various oil producers has complied with the demands from OPEC for certain cuts in their production to maintain balance in the market.'
'The Iraq Oil Ministry recently denied the reports that China National Petroleum Corp (CNPC) has pulled out its staff from the West Qurna 1 oilfield. '
'Tension in the recent weeks due to the rift between the United States and Iran caused the prices of oil to tumble yet despite this prices are still seen to drop further.'
'Despite the recent under in the Middle East due to the killing of an Iranian commander by the U.S. military, oil prices remained relatively stable.'