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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...

Iraq Oil Exports to US Drop Amid Changing Import Patterns

Iraq oil exports to the United States fell sharply last week. The United States Energy Information Administration (EIA) confirmed the drop in its latest...

Iran Faces Energy Crisis After South Pars Gas Field Damage

Iran now faces serious energy challenges due to damage at the South Pars gas field. An Israeli drone strike hit the Fajr refinery, causing...

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