The Organization of the Petroleum Exporting Countries (OPEC) agreed yesterday (30 November) on its first oil production cut since 2008 after Riyadh had reached a
Tag: Iraq
OPEC to Meet Russia: Doubts about the Freeze on Rise
Energy ministers of OPEC members – Saudi Arabia, Iran and Iraq – will be meeting with their Russian counterpart for informal talks next week during
Iraq Considers Oil-Swap Deal with Iran if Talks with Kurds Fail
Iraqi Oil Ministry said that it would consider selling its crude through Iran if the upcoming negotiations with the autonomous Kurdish region on an oil
Iraq’s New Oil Minister Insists on Reviewing Oil Contracts
Iraq is to review deals with oil companies to cut the fees that the companies receive when oil prices are low, the country’s new oil
Iraq Revamps Investment Deals to Boost Oil Output
Iraq has finalized deals with BP, Shell and Lukoil to provide a new impetus to stalled investments in oil fields that the companies are developing.
Major Shift in the Oil Market: Russia Becomes China’s Top Crude Supplier
Russia overtook Saudi Arabia as China’s largest oil supplier in May, which marked the third consecutive month that Moscow has beat out Riyadh as the
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
Tumbling Non-OPEC Supply: Is Rebalancing of the Oil Market Underway?
OPEC, the organization made up of the major petrol-exporting countries, said that there was growing evidence that US production would fall and that there would
Iraqi Kurdistan’s Oil Reserves Being Downgraded
Kurdistan has been recently hit by a series of bad news regarding the future prospects of its oil industry, which had already been negatively affected
Russia Shows First Signs of the Implementation of Oil Production Freeze Deal
In February, Russia produced oil at the same rate as in January, at 10.88 million barrels per day (bpd), an almost 30-year high, regardless of