Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. The shutdowns curtail the ability of OPEC’s second-largest member to Continue Reading
The text of a proposed nuclear deal between Iran and world powers, distributed by the European Union to negotiators, is in limbo while the head of Iran’s delegation consults with Continue Reading
Iraqi oil workers shut down the Nassiriya oil field in southern Dhi Qar province around 4:30 p.m. on Friday, two hours after instructions were issued, following threats to do so Continue Reading
Giant West Qurna 2 oil field produces 400,000 b/d Iraq’s southern fields suffering from water problems Dhi Qar’s Nassiriya field closed for security concerns Some 480,000 b/d of Iraqi crude Continue Reading
Russia’s invasion of Ukraine on Thursday morning sent oil prices beyond $100 for the first time since 2014 as supply fears gripped an already bullish market. In an extremely tight Continue Reading
The super-giant West Qurna 2 oil field has shut down for nearly a month of maintenance, removing about 400,000 barrels per day (bpd) of production at a time when global Continue Reading
Deadly violence and protests in Dhi Qar are destabilizing a key oil-producing province, threatening to shut down the Nassiriya oil field and raising security concerns that could scare away foreign Continue Reading
Saudi Arabia has a stark warning about the dangers of underinvesting in oil. The world’s top oil exporter is cautioning that the underinvestment in oil and gas could spark a Continue Reading
Agreement could see oil sanctions lifted in stages Some 1.5 million b/d of Iranian oil exports could return Iran’s crudes compete with many OPEC+ grades Iranian nuclear deal negotiators appear Continue Reading
Iraq is in talks with Halliburton Co. and Saudi Arabia’s Aramco to carry out oil and gas developments in the west of the country. Baghdad is in discussion with Halliburton Continue Reading
