Economy News - Update OPEC has reaffirmed its expectations for global oil demand growth in its March 2025 report, maintaining the forecast established in the previous month. The organization projects
Oil Prices Experience Modest Gains Amid Economic Concerns Oil prices showed an uplift on Wednesday, supported by a weaker dollar. However, worries regarding a potential slowdown in the U.S. economy
Oil Prices Experience Modest Gains Amid Global Decline The price of heavy Basra crude and Mediterranean crude showed a slight uptick today, with Basra heavy crude rising by 20 cents,
A Weekly Series of Losses: Oil Prices Experience Continued Decline In a notable continuation of recent trends, oil prices have entered a phase of significant decline, marking a series of
**Decrease in Iraq's Oil Exports to the U.S.** The U.S. Energy Information Administration (EIA) has reported a notable decline in Iraq's oil exports over the past week. According to the
Oil Price Movements Following Geopolitical Tensions Oil prices experienced a decline on Friday, although by the close of markets, prices began to recover in response to rising geopolitical tensions. US
Weekly Performance of Basra Crude Amid Market Fluctuations Basra crude grades, specifically "heavy" and "medium," experienced significant downturns over the past week. In the most recent trading session, which concluded
Economy News - Baghdad In early trading on Friday, oil prices remained relatively stable but are poised to record the largest weekly decline since November, driven by the uncertainties surrounding
Iraq Oil Prices Dip Amid Global Market Fluctuations On March 7, 2025, morning trading reflected a notable decline in Iraqi oil prices within the global market. Basra Crude was priced
Oil Prices Reach Lowest Levels in Six Months In a notable development within the energy sector, oil prices have recently hit their lowest point in six months, reflecting ongoing fluctuations