April 21, 2026 UK Unveils 10GW Clean Power Push to Break Gas Grip on Electricity Bills The UK is doubling down on accelerating clean energy rollout as it aims to boost homegrown electricity production to reduce the influence of volatile natural gas prices on power bills, […] Oil News
October 29, 2023 Energy & precious metals – weekly review and outlook Fear across global markets is expected to hit fever pitch in the coming week, with stock markets likely tanking and favorite commodity plays oil and gold rising, as Israel enters […]
October 4, 2023 Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end By Robert Harvey LONDON (Reuters) -Oil fell by over $3 a barrel on Wednesday, as demand fears stemming from macroeconomic headwinds offset pledges by Saudi Arabia and Russia to continue […]
October 2, 2023 Oil prices fall 2% to 3-week low on strong US dollar, profit taking By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned […]
September 19, 2023 A barrel of oil exceeds $95 Economy News – Baghdad Oil prices rose by more than one percent, on Tuesday, to reach the highest level in 10 months, after weak shale oil production in the United […]
September 19, 2023 Oil prices hit 10-month highs on mounting supply concerns (Reuters) -Oil prices rose to 10-month highs on Tuesday as weak U.S. shale output compounded supply concerns from extended production cuts by Saudi Arabia and Russia. Global benchmark Brent crude futures were […]
September 18, 2023 US oil output from top shale regions set to fall in October -EIA (Reuters) – U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023, […]
September 18, 2023 Oil prices rise as tight supply outlook offsets demand woes By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended […]
September 18, 2023 Oil prices rise as tight supply outlook offsets demand woes By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended […]
September 16, 2023 U.S. crude oil hits year high, stoking inflation fears The U.S. benchmark crude oil has achieved a record high for the year, with prices exceeding $90 per barrel on Friday, September 15, 2023. This increase accompanies a notable rise in diesel […]
September 6, 2023 Oil prices pull back from 2023 highs Oil futures edged lower early Wednesday, pulling back a day after ending at 2023 highs following the extension of supply cuts by Saudi Arabia and Russia. Price action West Texas […]
September 1, 2023 Oil rises to highest in over seven months on supply worries By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening […]
August 27, 2023 Energy & precious metals – weekly review and outlook Investing.com — With just a week symbolically left for the peak of summer driving, most Americans must be relieved that they survived not just the road but also prices at […]
August 24, 2023 Iraq Finalises Oil Export Data for July By John Lee. Iraq’s Ministry of Oil has announced finalised oil exports for July: Total exports of crude oil: 106,755,169 barrels Revenues from crude oil exports: $8.330475 billion Oil fields […]
August 22, 2023 Iraq oil minister in Turkey to discuss resuming northern oil exports -sources BAGHDAD (Reuters) – Iraq’s oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a […]
August 21, 2023 The Real Reason Russia Is Ramping Up Oil Production In Iraq Russia is moving to gain a tighter grip on Iraqi oil production as its influence in Kurdistan is waning. Russia finally effecting a major increase in oil production from Iraq’s […]
August 21, 2023 The Real Reason Russia Is Ramping Up Oil Production In Iraq Russia is moving to gain a tighter grip on Iraqi oil production as its influence in Kurdistan is waning. Russia finally effecting a major increase in oil production from Iraq’s […]
August 21, 2023 Crude battles interest rates, demand uncertainty By Erwin Seba HOUSTON (Reuters) -Crude oil fell into negative territory as it battled possible U.S. interest rate increases and uncertainty around future Chinese demand on Monday. Brent crude was at […]
August 18, 2023 Oil prices fall, set to end seven-week winning run Investing.com — Crude oil prices fell Friday, on course to end a run of seven consecutive positive weeks, on fears a slowing Chinese economic recovery will hit future demand from […]
August 17, 2023 Oil rises as dollar eases, China seeks to soothe economic woes By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose more than 1% on Thursday, after falling for three straight sessions, as the dollar pulled back from highs and as China’s […]
August 17, 2023 Oil rises as dollar eases, China seeks to soothe economic woes By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose more than 1% on Thursday, after falling for three straight sessions, as the dollar pulled back from highs and as China’s […]
August 13, 2023 Iraq may Import Gas from Qatar and Turkmenistan By John Lee. The Ministry of Electricity has reportedly confirmed the formation of a joint committee with the Ministry of Oil to discuss importing gas from Qatar and Turkmenistan. State-run Iraqi […]
August 13, 2023 Drilling Completed at Nasiriyah Oil Well 60 By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling operations for the Nasiriyah-60 oil well in Dhi Qar province. The well, reaching a depth of 2,110 meters, is part of the […]
August 13, 2023 Energy & precious metals – weekly review and outlook Pop the bubbly: Oil has rallied for nearly two months now and the run-up isn’t showing any signs of exhaustion, some say. But is that really the case? Let’s examine. […]
August 10, 2023 Under Biden, US oil production is poised to break Trump-era records Critics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to […]
August 10, 2023 Oil and gas.. A law to resolve the dispute between Baghdad and the region, and a gateway to open all files The political advisor to the Prime Minister, Sabhan Mulla Jiyad, confirmed that the oil and gas law file will open all outstanding files between the central and regional governments, and […]
August 9, 2023 Oil hits new highs as tighter supply offsets China demand concern By Alex Lawler LONDON (Reuters) – Oil hit new peaks on Wednesday with Brent crude touching the highest price since April, as tighter supply owing to Saudi and Russian output cuts offset […]
August 8, 2023 Iraq to Increase Oil Exports to Jordan by 50% By John Lee. Iraq has reportedly increased its supply of crude oil to Jordan from 10,000 barrels per day (bpd) to 15,000 bpd. Jordan’s state-run Petra News Agency cites the Ministry of […]
August 8, 2023 Oil prices fall sharply after weak Chinese trade data Crude oil prices fell Tuesday after weak trade data from China pointed to a sluggish post-COVID rebound for the world’s largest oil importer. By 09:50 ET (13.50 GMT), the U.S. crude futures […]
August 8, 2023 Oil prices fall sharply after weak Chinese trade data Crude oil prices fell Tuesday after weak trade data from China pointed to a sluggish post-COVID rebound for the world’s largest oil importer. By 09:50 ET (13.50 GMT), the U.S. crude futures […]
