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Home - oil

oil

August 23, 2025

Mnt Goat

Article: “BAGHDAD AND ERBIL ON THE VERGE OF A HISTORIC AGREEMENT: OIL, SALARIES, AND NON-OIL R

Mnt Goat
Mnt Goat
June 15, 2025

Oil prices surge again as Israel-Iran conflict shows no signs of de-escalating

Oil prices continued to soar on Sunday, adding to the 7% surge from last week, as conflict between Israel and Iran deepens and threatens global oil supply. US oil last surged 1.2% […]

Oil prices surge again as Israel-Iran conflict shows no signs of de-escalating
Dinar DetectivesWORLD
April 12, 2025

Iraq announces self-sufficiency in kerosene and gas oil production.

The Oil Products Distribution Company announced on Saturday that Iraq has achieved self-sufficiency in producing gas oil and kerosene during the current period. “Iraq has achieved self-sufficiency in the production […]

Iraq announces self-sufficiency in kerosene and gas oil production.
Iraq
March 27, 2025

Iraq’s oil wealth: staggering numbers and unprecedented ambitions

Iraq possesses one of the world’s largest oil and gas reserves, ranking second in OPEC oil production. Its proven oil reserves amount to 148 billion barrels, valued at $10.6 trillion, […]

Iraq’s oil wealth: staggering numbers and unprecedented ambitions
Iraq
March 7, 2025

Oil: Our gas production reaches 3100 cubic feet per day

The South Gas Company, affiliated with the Ministry of Oil, confirmed today, Thursday, that gas production in all of Iraq exceeded 3100 million standard cubic feet per day (mcf), while […]

Oil: Our gas production reaches 3100 cubic feet per day
Iraq
January 3, 2024

Iraq seeks to increase oil production by up to 6 million barrels per day and resume Kurdistan exports

Shafaq News/ Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani confirmed on Wednesday that the ministry is working to strengthen projects to sustain and increase oil […]

January 2, 2024

To prevent wasting money, a parliamentary committee calls on the government to expedite sending the oil law

Information / Baghdad.. On Tuesday, member of the Oil, Gas and Natural Resources Committee, Nazem Al-Shibli, stressed the need for the government to expedite sending the oil and gas law […]

December 30, 2023

Iraq is the second largest Arab country in possession of oil reserves in 2023

Shafaq News/ The International Energy Agency reported on Saturday that Iraq ranked second in the Arab world in terms of the countries possessing the most oil reserves in 2023. She […]

December 23, 2023

Iraq plans to achieve self-sufficiency in oil products during the second quarter of 2024

Shafaq News / Deputy Prime Minister for Energy Affairs and Minister of Oil Haiyan Abdul Ghani confirmed on Saturday the ministry’s intention to reach self-sufficiency in oil products during the […]

December 12, 2023

Iraqi Oil Minister: Fossil fuels will remain the main source of energy in the world

Shafaq News/ Deputy Prime Minister for Energy Affairs and Iraqi Oil Minister Hayyan Abdul-Ghani, today, Tuesday, defended the production of fossil fuels in response to the recent demands and calls […]

December 11, 2023

Oil Continues Gains as U.S. Seeks to Buy Strategic Reserves

Oil prices rose in early trading on Monday, continuing their gains for the second session as the U.S. seeks to revive its strategic reserves, providing some support, despite continued concerns […]

December 2, 2023

Iraq surpasses Saudi Arabia and is ranked third among America’s largest oil exporters

Shafaq News/ The US Energy Information Administration announced on Saturday that Iraq’s oil exports to America rose during the past week. An administration table, seen by Shafaq News Agency, showed […]

December 1, 2023

Due to the OPEC+ production cut, oil prices are expected to exceed $100 per barrel next year

The American network “CNBC” expected, in a report issued on Friday, that oil prices would exceed $100 per barrel next year as a result of the commitment of some oil […]

November 22, 2023

Iraqi Oil suspends cash handling at all gas stations in early 2024

Shafaq News/ The Iraqi Ministry of Oil announced, on Wednesday, that the Petroleum Products Distribution Company will adopt electronic payment systems at all gas stations, starting from the beginning of […]

November 14, 2023

Within 6 months… Iraq’s exports of oil and its products to America exceeded 60 million barrels

Shafaq News/ The US Energy Information Administration announced on Tuesday that crude oil exports to the United States amounted to more than 60 million barrels during six months of 2023. […]

November 7, 2023

Iraq exports 84 million barrels of oil to America within 8 months

Shafaq News/ The US Energy Information Administration confirmed today, Tuesday, that Iraq’s oil exports to America amounted to about 84 million barrels during eight months of 2023. An administration table […]

November 4, 2023

Iraq surpasses Saudi Arabia and is ranked third among the largest oil exporters to America

Shafaq News/ The US Energy Information Administration announced on Saturday that Iraq’s oil exports to America rose during the past week. The administration’s latest table, seen by Shafaq News Agency, […]

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 25, 2023

Iraq achieved more than $9 billion in financial revenues from the sale of oil during the month of September

Shafaq News/ The Ministry of Oil announced, on Wednesday, the total oil exports and revenues achieved for last September, which exceeded 9 billion US dollars. According to the final statistics […]

October 25, 2023

Iraq achieved more than $9 billion in financial revenues from the sale of oil during the month of September

Shafaq News/ The Ministry of Oil announced, on Wednesday, the total oil exports and revenues achieved for last September, which exceeded 9 billion US dollars. According to the final statistics […]

October 19, 2023

The Oil Industry Just Changed Forever, BRICS Does The Unexpected!

Tech Revolution:  10-19-2023 If you’ve been following the world of powerful economies, then you’ve probably heard of the BRICS group. That’s the power-packed group of Brazil, Russia, India, China, and […]

October 19, 2023

The Oil Industry Just Changed Forever, BRICS Does The Unexpected!

Tech Revolution:  10-19-2023 If you’ve been following the world of powerful economies, then you’ve probably heard of the BRICS group. That’s the power-packed group of Brazil, Russia, India, China, and […]

October 15, 2023

Saleh: The economic reform law is an integral element to promote wealth produced from outside oil wealth

{Economic: Al-Furat News} The financial and economic adviser to Prime Minister Mazhar Mohammed Saleh explained on Sunday that the issuance of the economic reform law is an integral element for […]

October 15, 2023

Saleh: The economic reform law is an integral element to promote wealth produced from outside oil wealth

{Economic: Al-Furat News} The financial and economic adviser to Prime Minister Mazhar Mohammed Saleh explained on Sunday that the issuance of the economic reform law is an integral element for […]

October 13, 2023

Iraq increases the rate of oil production to 65 thousand barrels per day within a month

Shafaq News/ The Organization of Petroleum Exporting Countries (OPEC) reported on Friday that Iraq increased its production rate of crude oil to 65 thousand barrels per day during the month […]

October 7, 2023

The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues

Shafaq News/ The Central Bank of Iraq confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed […]

October 7, 2023

The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues

Shafaq News/ The Central Bank of Iraq confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed […]

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 […]

October 1, 2023

Sudanese issues 3 important directives regarding developing the oil sector

{Economic: Al-Furat News} Today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani chaired a regular meeting to follow up on projects and plans for developing the oil sector, in the presence of […]

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