COMPETITIVE · MARKET STRUCTURE · ASIA
Iraq, Kurdish authorities resume Ceyhan exports
Change
Iraq and Kurdish authorities reached a deal to resume oil exports via Turkiye's Ceyhan port, with flows expected to start at 07:00 GMT on March 18, 2026.
Why it matters
Oil flows from the Ceyhan port are scheduled to begin at 07:00 GMT on March 18, 2026. Iraq's Oil Minister Hayan Abdel-Ghani provided the expected start time for resumed flows. Brent futures fell $2.26 to $101.16 per barrel by 04:29 GMT on March 18, 2026. U.S. West Texas Intermediate crude fell $2.99 to $93.22 per barrel by 04:29 GMT on March 18, 2026, and Brent had settled above $100 per barrel for the prior four consecutive sessions.
Implications
- · Intraday benchmark crude prices declined, with Brent down $2.26 to $101.16 and WTI down $2.99 to $93.22 by 04:29 GMT on March 18, 2026.
- · The Ceyhan export corridor is scheduled to resume loading operations at 07:00 GMT on March 18, 2026, restoring a routing option for northern Iraqi crude.
Who is affected
- · Iraqi oil ministry and Kurdish oil authorities
- · Crude exporters using the Ceyhan route
- · Commodity traders and market participants
- · Port operators and logistics firms
What to watch
- · 07:00 GMT on March 18, 2026 — scheduled start of oil flows from Ceyhan
Source
Topics
Business & Markets Markets Supply Chain & Logistics Energy & Power Oil & Gas