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US Opposition Delays Iraq’s Turkmen Gas Import Plan

Iraq Turkmen gas deal has encountered fresh uncertainty after the United States reportedly opposed Baghdad's proposal to transport Turkmen natural gas through Iran. The development...

Iraq Puts US Energy Agreements at $200 Billion

Iraq says recent agreements with American energy companies could total about $200 billion. The Iraq US energy investment deals emerged during Prime Minister Ali...

US Strategic Oil Reserve Hits Lowest Level Since 1983

The US strategic oil reserve has fallen to its lowest level in more than four decades after another sharp weekly decline. Fresh data from...

Iraq Returns to Fuel Import Market as SOMO Plans New Gas Oil Purchases

After more than a year without buying fuel from overseas suppliers, Iraq gas oil purchases have returned to the spotlight. Iraq’s State Oil Marketing Organization (SOMO)...

Iraq Unveils Energy City Plan for Al-Faw Peninsula

Iraqi Prime Minister Ali al-Zaidi has proposed a major energy development for the Al-Faw Peninsula. The Iraq Energy City project would combine oil, gas,...

Iraq Borrowing Bill Takes Shape as Strait of Hormuz Crisis Strains Economy

Iraq borrowing bill discussions gained momentum after lawmakers prepared new legislation to help the country manage growing financial pressure. Iraq's parliament believes borrowing has become...

Oil Prices Climb Above $90 as Gulf Tensions Shake Global Energy Markets

Oil prices above $90 returned to global headlines on Monday after rising tensions in the Gulf raised fresh concerns about energy supplies. Traders reacted quickly...

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