Oil rises to a two-month high

Oil rose to a two-month high Monday, supported by a drop in US stockpiles and the threat

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Oil Ministry Declares its Final Exports for June

Iraq’s Ministry of Oil has announced final oil exports for May of 98.2 million barrels, giving an … Read More

Oil prices rise to record highs (Saturday, July 29, 2017)

Oil prices rose to a two-month high on Saturday, with record crude hitting their biggest weekly gain … Read More

Iraq daily oil production likely to hit 5 million barrels by 2017’s end

Iraq’s Oil Minister Jabar Ali al-Luaibi expected the country’s oil output to reach five million barrels per … Read More

High oil prices (Friday, July 21, 2017)

Oil prices rose on Friday ahead of an important meeting of major oil producing countries next week,

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New Gas Export Facility at Umm Qasr

Oil Minister Jabar Ali al-Luaibi [Allibi] has opened the 3rd loading dock at the Umm Qasr port … Read More

OPEC price ups after IEA says producers ‘opened the taps’ in June

The price of OPEC basket of fourteen crudes stood at $46.02 a barrel on Wednesday, compared with … Read More

Iraq Drills First Well in Huwaiza Oil Field

The Ministry of Oil announced on Sunday that it has started drilling the first well in the … Read More

Oil prices fell for the third consecutive day

Decline in oil OPEC basket price for the third consecutive day to $ 44 per barrel.

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Iraqi oil exports rise to more than 3 million barrels per day

The Iraqi Oil Ministry said that the country’s oil exports recorded 3.273 million barrels per day in … Read More