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Iraq
Tuesday, March 3, 2026

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Basrah Crude Prices Drop Over 7% As Global Oil Market Weakens

Basrah crude prices dropped sharply this week as global oil markets faced significant pressure. Both Basrah Heavy and Basrah Medium grades recorded losses exceeding...

Oil Prices Drop 8% as OPEC Supply Plans Threaten Market Balance

Oil prices fell sharply in oil market this week as expectations of higher OPEC+ production fueled concerns about oversupply. Brent crude closed at $64.53...

Iraq Leads Arab Importers of Turkish Goods

Iraq maintained its position as the top Arab importer of Turkish goods, showing strong trade links between the two countries. According to official figures,...

Iraq Gold Prices Decline in Baghdad and Erbil Markets

Gold prices decline in Iraq’s major markets, reflecting softer demand and regional trends. Traders reported that buyers showed caution as prices moved downward. According...

Iraq, BP Launch Kirkuk Oilfield Revival to Boost Energy Production

Iraq activated its contract with British company BP to develop four major Kirkuk oilfields and upgrade gas facilities. The project aims to strengthen fuel...

Iraq Dollar Prices Fall in Baghdad and Erbil

Dollar prices drop in both Baghdad and Erbil markets, reflecting shifts in local trading activity. The decline shows how exchange rates fluctuate daily based...

Basrah crude prices drop despite global rise

Basrah crude prices fell, sharply diverging from the upward trend in global benchmarks. The decline underscored ongoing challenges for Iraq’s vital oil exports, even...

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