Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global Continue Reading
After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, Continue Reading
The NYMEX May natural gas futures contract jumped 10.7 cents to $2.018/MMBtu Thursday, marking the first time a prompt-month contract has settled above the $2 mark since February 10. Amid Continue Reading
Natural-gas prices had one of their strongest surges of the year Thursday with investors betting the glutted market has hit a bottom. Prices have lingered at historic lows because of Continue Reading
One of Libya’s rival governments has resigned, a step that helps efforts by a new, UN-brokered unity government to assert itself in the capital Tripoli despite opposition from some local Continue Reading
The deputy coordinator of the Iranian Army’s Ground Forces General Amir-Ali Arasteh announced that his country will send “special forces from Brigade 65 and other units to Syria to work Continue Reading
Iran ratcheted up its offense in the oil market after breaking a pricing tradition, signaling it’s seeking to win market share at a time when rival producers are trying to Continue Reading
With the city under siege, an estimated 90,000 residents are threatened by starvation, indiscriminate shelling and IS brutality – and they cannot leave. View full article at iraqoilreport.com
Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters , around 30 very large crude carriers (VLCCs) are Continue Reading
As fighting rocks northern Iraq’s oil-rich Kirkuk area, and air strikes attempt to take out Islamic State positions, the dust will likely either settle in favor of the Iraqi Kurds, Continue Reading
