AAA Daily Fuel Gauge Report for Friday, 8/12/22

American Dollar to Canadian Dollar = 0.697509; American Dollar to Chinese Yuan = 0.137981; American Dollar to Euro = 1.083983; American Dollar to Japanese Yen = 0.006712; American Dollar to Mexican Peso = 0.049494.

American Dollar to Canadian Dollar = 0.793222 American Dollar to Chinese Yuan = 0.148758 American Dollar to Euro = 1.183841 American Dollar to Japanese Yen = 0.009043 American Dollar to Mexican Peso = 0.056105

Turkey agrees to deal only with Iraq’s central government for all crude that the OPEC nation exports through a Turkish pipeline, the Iraqi prime minister said, days after Iraq’s self-governed Kurds, who ship their own oil via the same network, approved a referendum on independence. The comments suggest the Turks may be reviewing their policy of letting Iraq’s landlocked Kurds export oil independently through the Turkish-controlled pipeline. Crude was flowing normally through the network on Thursday. The Kurds export less than 600,000 barrels a day, according to a tweet by the Kurdistan Regional Government’s Ministry of Natural Resources on Sept. 24. Turkish Prime Minister Binali Yildirim asserted his country’s support for “restricting oil exports to the federal authorities” in Iraq, he said in a phone call with his Iraqi counterpart, Haider Al-Abadi, according to an emailed statement on Thursday from Al-Abadi’s office in Baghdad. Click Read More below for more of the story.