Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...

ERBIL, Kurdistan Region - Talks between Erbil and Baghdad on resuming Kurdish oil exports are progressing, though a key ...

Iraq has sent a high-level delegation to the Northern Kurdistan region in an effort to resume crude oil exports through Turkey. The visit to Erbil follows heightened fears during the recent ...

Iraq’s three-year federal budget bill, passed in June 2023, had set the rate for one barrel of oil at $6.90 and international oil companies (IOCs) have requested three times that amount.

Iraq, OPEC’s second-largest producer, seeks to keep oil prices near current levels to ensure market stability as the country rebuilds, according to new Prime Minister Mohammed Shia Al-Sudani.

Meanwhile, Iraq plans to reduce oil output from 4.25 million bpd in July to about 3.9 million bpd in September, a source told Reuters. ... $75.91 per barrel, up $1.39, or 1.87%.

Baghdad's latest bid to undermine the U.N. sanctions regime, which was imposed 10 years ago after Iraq's invasion of Kuwait, appeared timed to extract maximum leverage from a tight world oil market.

Iraq’s Foreign Minister Fuad Hussein has raised the alarm that growing conflict in the Middle East and a potential closure of the Strait of Hormuz could drive oil prices up to $300 per barrel.

Analysts at Goldman Sachs have suggested a worst-case scenario could lead to the supply of oil through the Strait of Hormuz halving for a month and dropping 10% for another 11 months. This would lead ...

Iraq's oil ministry respects the OPEC+agreement to achieve global market stability, and wants to raisethe "value or revenue" of a barrel of oil in a way that worksfor both producers and consumers ...

Oil prices fell nearly $6 a barrel on Tuesday, ... Oil dives nearly $6 a barrel on demand fears, Iraq exports. By Arathy Somasekhar. August 30, 2022 8:52 PM UTC Updated August 30, 2022 ...