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Wednesday, March 4, 2026
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Iraq’s Basrah Crude Holds Above $70 Amid Ongoing Oil Market Volatility

Basrah crude holds above $70 as global markets continue reacting to rising geopolitical risks. Iraq’s oil exports remain stable, but regional tension keeps pressure...

Iraq Boosts Oil Industry with New Motor Oil Production Plans

Iraq has launched new steps to support its industrial sector by focusing on local production of motor oils. The government approved recommendations to improve...

Iraq Warns Strait Closure Could Push Oil to $300 per Barrel

Oil price surge warning Iraq has issued a strong alert that crude prices could skyrocket if Israel-Iran tensions escalate. Foreign Minister Fuad Hussein warned that...

Iraq Gas Pipeline Project Strengthens China’s Energy Role

China Petroleum Engineering Corporation has taken a major step in Iraq’s energy sector. Its subsidiary, China Petroleum Pipeline Engineering, received a letter of award...

Iraq Expands Oil Storage at Majnoon Field to Boost Energy Infrastructure

Iraq has approved a major step to strengthen its oil sector by expanding storage infrastructure at the Majnoon Oil Field. The government authorized the...

Iran Tensions Shake Oil Markets Amid Conflict Fears

Oil prices continued to shift sharply due to escalating tensions between Iran and Israel. The global market felt the pressure after renewed strikes heightened...

Iraq’s Oil Crisis Deepens Over Kurdistan Pipeline Dispute

Tensions between Iraq and the Kurdistan Regional Government (KRG) have reignited over oil exports through the Iraq-Turkey Pipeline (ITP). This long-running conflict is now...

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