Economy Update - Follow-up The latest monthly report from the Organization of Petroleum Exporting Countries (OPEC) indicated a rise in Iranian oil production for February; however, the prolonged high pricing
Iraq's Oil Pricing and Rankings within OPEC According to recent statistics, Iraq is positioned fifth among Arab oil-exporting countries within OPEC for the most expensive oil in February 2025. The
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
**Oil Price Surge Amid Declining US Gasoline Stocks** Oil prices saw a slight increase on Thursday as a significant drop in US gasoline inventories raised market expectations. Concerns, however, linger
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 experienced a decline during early trading on Tuesday, marking a second consecutive day of decreased values. This downturn is attributed to concerns that potential U.S. tariffs on imports
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
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
Economy News - Baghdad Oil prices experienced a decline for the third consecutive session on Wednesday, as investor confidence waned in response to major producers' plans to ramp up production