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Basrah Crude Declines as Global Oil Markets Continue Rising

Iraqi oil grades moved lower on Thursday even as international crude markets recorded gains. The decline placed Basrah crude prices against the broader global trend, where...

Iraq Moves to Secure New Oil Export Routes During Hormuz Crisis

The Iraqi government is accelerating efforts to protect energy revenues as regional tensions continue disrupting shipping through the Strait of Hormuz. Prime Minister Ali...

Iraqi Oil Shipments Resume Through Strait of Hormuz

The movement of Iraqi crude exports through the Strait of Hormuz gained attention again after two Chinese supertankers successfully crossed the strategic waterway carrying nearly 4...

Iraq Expands Oil Wealth with Major New Reserve Discoveries

The pace of Iraq oil discoveries has accelerated sharply after the country uncovered more than 11.5 billion barrels of reserves within the past 18 months. Officials...

Iraq Targets Gas Self-Sufficiency by 2030 Amid Energy Challenges

Baghdad – Iraq gas self-sufficiency plans are gaining attention after officials announced new efforts to boost domestic energy production and cut reliance on imports....

Oil Prices Jump Above $111 After UAE Nuclear Plant Attack

Global oil markets opened the week with strong gains. Rising tensions in the Middle East fueled fears over energy supply disruptions. Traders reacted after...

Iraq Remains Among World’s Cheapest Countries for Electricity

Baghdad – Iraq cheapest electricity ranking placed the country eighth globally in 2026, according to newly released data from the World Population Review. Although...

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