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IRAQ OIL PRODUCTION
Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the declineBrent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 ...
Oil slips after OPEC+ agrees to raise output targetsOil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despi...
OPEC+ adjusts August production, reaffirms stability commitment; next meet August 2Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026...
Government raises ONGC chairman entry age to 59, offers up to five-year tenureThe government has broadened the eligibility for ONGC's next chairman, raising the maximum entry age to 59 and offering a three-year term e...
OPEC+ tipped to raise quotas again as Middle East calmsSeven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from dis...
USS Juneau's final mission: After serving in Vietnam, the Gulf War and disaster relief, a Japanese torpedo sends this piece of history to the Pacific seabedThe USS Juneau, a veteran amphibious transport dock with a distinguished 40-year career, has been deliberately sunk in the Pacific Ocean du...
Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlookOil prices posted gains during Tuesday's trading, but both Brent and US WTI crude futures remained on course for their biggest quarterly de...
Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data showsSaudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on ...
Oil falls to pre-war levels on rising Middle East supplyOil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of H...
China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...
Iraq to consider all options if OPEC quota is not raised, has weighed exit, sources sayBaghdad is signaling a potential departure from OPEC if its oil production quota isn't substantially raised, a move that would further dest...
Shipping data reveals see-saw situation in Strait of HormuzShipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace...
Oil rises after Iran shuts Hormuz again, Trump threatens new attacksOil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials...
Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
Iraq projects oil production to return to pre-war levels within two monthsIraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait o...
Man Industries bullish on Gulf after US-Iran truceIndian construction companies are set to gain from Middle East rebuilding. Man Industries acquired a Saudi Arabian firm, boosting its capac...
Oil falls as supply starts moving through Strait of HormuzOil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. The agreement is expecte...
Government may lift fuel-supply safeguards once West Asia crisis abates: OfficialIndia plans to ease emergency energy measures as global tensions subside. These steps were taken to ensure fuel availability amid West Asia...
Durable US-Iran peace deal to provide predictable environment for trade: CRFA US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, an...
Middle East oil and gas output will take months to fully recoverA landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already cau...