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

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 ...

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

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.

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 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’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.

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%.

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 ...

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 ...