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Iraq Sets Ambitious 2030 Target to Raise Oil Output to 10 Million Bpd

Iraq oil production could rise sharply under a new government plan targeting 10 million barrels per day by 2030. Prime Minister Ali al-Zaidi called for...

Oil Prices Hit $95 as US-Iran Strikes Deepen Supply Fears

Oil prices climbed further on Wednesday as fresh U.S.-Iran military strikes increased concerns about global supply. Brent crude rose 75 cents, or 0.8%, to $95.40...

Iraq Considers Oil-Backed US Loan to Ease Growing Liquidity Pressure

Iraq’s oil-backed loan plan could provide the government with emergency financing as cash pressures grow. Baghdad is preparing to approach US banking institutions about a...

Basrah Crude Prices Jump More Than 7% as Global Oil Markets Recover

Oil prices pushed higher on Tuesday, lifting Iraq’s Basrah crude grades sharply during early trading. Basrah Heavy gained nearly 8%, while Basrah Medium also posted...

Oil Prices Surge Above $91 as US-Iran Fighting Raises Supply Fears

Oil prices climbed above $91 on Tuesday as renewed US-Iran fighting rattled energy markets. Traders grew increasingly concerned about possible disruptions across the Middle...

India to Resume Iraqi Oil Imports After Five-Month Halt

India is preparing to receive its first Iraqi oil shipment in five months, signaling a return of Iraqi crude to a major Asian market....

Iraq Ships 21.4 Million Barrels of Fuel Oil Through Syria

Iraq has sharply increased fuel oil shipments through Syria since the regional conflict disrupted the Strait of Hormuz. Iraq fuel oil exports through Syrian territory reached...

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