Iraq’s crude exports from its southern region on the Gulf averaged 3.5 million barrels per day so far in April, two oil executives told Reuters on Wednesday. Reporting by Aref Continue Reading
Global benchmark Brent crude turned positive in volatile trade on Monday as it jockeyed between downward pressure after Iran dashed hopes that OPEC would extend its production cap pact and Continue Reading
The headquaters of the Central Bank of the Islamic Republic of Iran, in Tehran [file photo] Iran’s feud with the US is set to get worse after Tehran announced yesterday Continue Reading
After the roil in global oil markets between 2015 and 2017 sent oil prices tumbling from more than $100 per barrel in mid-2014 to below the $30 per barrel mark Continue Reading
In the village of Fariq, southeast of Kirkuk, the militants of the self-proclaimed Islamic State (IS) group entered the local mosque with an air of casual confidence that shocked the Continue Reading
Russian Prime Minister Dmitry Medvedev signs an interim agreement that sets up a free-trade agreement with Iran. Both countries are facing increased U.S. economic pressures. Photo by Yuri Gripas/UPI April Continue Reading
Middle East tensions divert attention from metals-led rout Senior Houthi leader killed; Saudis intercept missiles Crude erased losses as escalating conflict in the Mideast region that’s home to almost half Continue Reading
Iraq reported March export levels were more or less on par with the average so far this year, which would suggest its compliance with an OPEC-led effort to balance the Continue Reading
The Yemeni Houthis have captured 19 oil tankers and are keeping them from entering the Hodeidah port, according to reports from Saudi media quoting the Kingdom’s ambassador in Yemen. The Continue Reading
Despite the ongoing oil production cuts across OPEC, Kuwait has announced plans to expand its oil and oil product tanker fleet twofold over the next 20 years to 60 vessels, Continue Reading
