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Oil market eases as US-Iran tensions cool, sending crude prices lower

The Oil market eases as investors respond to signs that the United States and Iran may step back from further military confrontation. Fresh diplomatic...

Iraqi Oil Exports Continue Despite Shipping Slowdown in Key Sea Routes

Iraqi oil exports continue to move through regional shipping lanes despite slower vessel traffic across two of the world's most important maritime routes. New shipping...

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,...

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