Iraq is a “potentially vulnerable” oil supplier and heightened security concerns about OPEC’s second-biggest crude producer could make it more difficult to ensure sufficient spare production capacity, the International Energy Agency said on Thursday.  “Recent events have shown that Iraq is a potentially vulnerable supplier, just as its strategic importance has grown,” the Paris-based agency said in its monthly report. “Today, both China and India receive about 1 million b/d of oil from Iraq and another 1 million b/d moves to various European countries. In India’s case, around 20% of its crude imports come from Iraq.” Refiners in the US consumed about 300,000 of Iraqi oil in January-October, the IEA said. With its exports doubling to 4 million b/d today since 2010, Iraq’s importance has risen, particularly in light of sanctions on OPEC members Iran […]