Oil Prices Surge Amid Middle Eastern Tensions Overview Recent developments in the Middle East have resulted in a notable increase in oil prices, reflecting ongoing geopolitical tensions in the region.
Oil Negotiations Update: Syrian Transitional Government Stands Firm on Non-Engagement with Iraq and Saudi Arabia In a recent statement, the Syrian transitional government clarified that it has not engaged in
Economy Update - Baghdad The Organization of Petroleum Exporting Countries (OPEC) has reported that Kazakhstan has significantly increased its crude oil production, propelling a notable rise in output for the
**Price Movements in Basra Oil** On Thursday, the prices of heavy and medium Basra crude oil witnessed an uptick, reflecting an increase in trading activity within the Portfolio market. Specifically,
A Sharp Decline in US Gasoline Stocks Raises Global Oil Prices Recent developments in the energy sector have indicated a significant drop in US gasoline inventories, a trend that is
Ministerial Council for Economy Reviews Budget and Oil Market Status In a recent session held on Monday evening, the Ministerial Council for Economy convened to finalize the budget schedules while
The Iraqi Oil Marketing Company (Sumo) has announced a reduction in the disparity of its official sale prices for crude oil designated for loading in April, aimed at both Asian
Iraq's Oil Exports to the U.S. Reach 95 Million Barrels in 2024 The U.S. Energy Information Administration (EIA) has reported a significant development in the energy sector, revealing that Iraq
Economic Update - Baghdad Oil prices experienced a decline today, as investor uncertainty regarding the implications of U.S. tariffs on global economic conditions and fuel demand intensified. This drop was
Oil Prices Decline Amid Global Economic Concerns and Increased OPEC+ Production Oil prices experienced a decline on Monday as investors grew wary of the potential repercussions of U.S. tariffs on