Economy Update Recent data from the United States has shown a notable increase in the country's strategic reserves of crude oil, which now stand at 395.6 million barrels as of
Oil Prices Decline Following Increased Supply and Tariff Implementations Oil prices experienced a decline on Wednesday as Asian markets opened, influenced by OPEC Plus's recent decision to boost oil supply
Economic Analysis - Baghdad Recent developments within OPEC have surfaced concerning "internal discontent" and a prevailing sense of "productive chaos," prompting a pivotal decision to boost oil production for the
Analysis of OPEC Plus Developments The eight OPEC Plus nations, comprising Saudi Arabia, Iraq, Russia, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, convened online on March 3, 2025, to evaluate
Lebanon to Import Crude Oil from Iraq In a significant move to bolster its energy resources, Lebanon has reached an agreement with Iraq to import crude oil as opposed to
Iraqi Oil Prices Exhibit Stability in Global Markets Iraqi oil prices demonstrated notable stability on March 3, 2025, as trading commenced for the week in the global market. Current Price
Oil Prices Surge Amid New US Sanctions on Iran Overview of Recent Developments In light of newly imposed sanctions by the United States on Iran, oil prices have experienced a
Economy Update - Baghdad Oil prices experienced a decline in early trading on Monday, continuing the downward trend observed throughout the previous week. This movement correlates with the potential resumption
Iraqi Oil Prices Remain Stable at $79 per Barrel As of Tuesday, February 25, 2025, Iraqi oil prices have demonstrated stability in the global market, maintaining a price point of
Economy News - Update Oil prices experienced an uptick on Monday, driven by the reimposition of new U.S. sanctions on Iran and Iraq's commitment to compensate for any excessive production.