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The Geopolitical Earthquake Of The Looming Kurdistan Referendum

The Geopolitical Earthquake Of The Looming Kurdistan Referendum

In a move that was entirely expected, Iraq's Supreme Court has ruled that the Iraqi Kurdistan independence referendum scheduled for September 25 cannot take place. The ruling comes as Turkey has begun military exercises along its border with Iraq's Kurdish region in a show of force meant to signal that Ankara will not tolerate an independent Kurdistan either. Turkey fears that its own Kurdish separatists which it has been doing internal battle with for decades will become emboldened by the existence of a Kurdish state.

OPEC Reports First Oil Production Drop In 4 Months As Deal Compliance Slides

OPEC Reports First Oil Production Drop In 4 Months As Deal Compliance Slides

Confirming Monday leaks that OPEC production had dipped last month, the just released OPEC report for the month of September confirmed that in September, OPEC produced 32.755mmb/d (according to secondary source data), a drop of 79,100 bpd, and the first monthly decline in 4 months.  According to the underlying data, in the last month output increased in Nigeria (+138.3Kb/d), while declining in Libyam Gabon, Venezuela and Iraq. Saudi Arabia.

US Coalition Attacks ISIS Convoy, Accuses Syria And Russia Of "Terror Transfer"

US Coalition Attacks ISIS Convoy, Accuses Syria And Russia Of "Terror Transfer"

In a surprise move that few analysts expected, the US led anti-ISIS coalition operating in Iraq and Syria has bombed parts of the ISIS convoy previously given safe passage out of Lebanon as part of a controversial deal brokered early this week with the Lebanese Army and its allies. Coalition spokesman Col. Ryan Dillan had previously warned that, “We will take action where necessary; those would be absolutely lucrative targets.” And it now appears the US coalition followed through by attacking the vehicles as they traveled across Syria to the Islamic State stronghold of Deir Ezzor.

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