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IRAQ CRUDE OIL PRODUCTION
Iraq's Kurdistan region says oil output resumes at up to 230,000 bpd after drone strikesIraq's Kurdistan region announced that oil production is back up and running, reaching 230,000 barrels per day. This comes after a period o...
Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Br...
Pipelines and ports: Iran war spurs Gulf infrastructure investmentGulf nations are investing billions in infrastructure to bypass the Strait of Hormuz. Ports, pipelines, and railways are top priorities as ...
Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off OmanIraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...
Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $8...
BPCL explores buying Gulf oil on FOB basis, lifts Iraqi oilBharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the St...
QatarEnergy issues tender to sell crude outside Hormuz, sources sayQatarEnergy has issued a second tender this week for crude sales. The company is selling al-Shaheen and Qatar Marine crude via transfers. T...
‘Muslim countries should unite’: Iranian President Pezeshkian seeks regional alliance, US exitIranian President Masoud Pezeshkian urged Muslim nations to strengthen regional security and stability. He emphasized expanding cultural, c...
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $...
Iraq may show how U.S. can squeeze Iran's trade partnersThe United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with...
$20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil routeFewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and...
"We do not accept the use of Iraqi territory to attack any country": Iraqi President Nizar Amidi"We are keen to prevent Iraq from becoming involved in the war. The country most affected by the war is Iraq. We do not accept the use of I...
Iran allowed Iraqi tankers to pass through Hormuz Strait: state mediaTehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...
Iran backs Iraq’s sovereignty as Baghdad seeks to bring militias under state controlIran's Parliament Speaker Ghalibaf stated Iran supports Iraqi consensus and independence. Economic cooperation will advance with an upcomin...
Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
Oil set for second weekly rise as unsettled US-Iran war crimps supplyOil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US...
India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
Oil edges up on uncertainty over exports through HormuzOil prices climbed for a fourth day due to supply uncertainty. Investors weighed conflicting messages from Tehran and Washington on the Str...
Iraq's oil exports via Strait of Hormuz include Abu Dhabi's Adnoc, says SOMO directorIraq’s oil marketing company SOMO says Abu Dhabi’s Adnoc is one of the companies buying Iraqi crude and moving shipments through the Strait...