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A service for energy industry professionals · Saturday, March 29, 2025 · 798,224,669 Articles · 3+ Million Readers
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OPEC Iraq News Monitoring

  • Published on Mar 28, 2025

    Iraq possesses over 145 billion barrels of proven oil reserves

    Baghdad (IraqiNews.com) – The State Organization for Marketing of Oil (SOMO) revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels. Iraq ranks second in OPEC oil production and has one of …

    Source: Iraqi News - Uncategorized
  • Published on Mar 27, 2025

    OPEC Daily Basket Price Appreciates To $75. 96 Per Barrel

      The price of OPEC’s basket of twelve crudes stood at $75,96 a barrel on Tuesday, reflecting a gradual increase. The latest price for its crude oil grades posted by the OPEC Secretariat on Wednesday said its crude oil gained compared with $75,74 the …

    Source: Channels TV - Neutral
  • Published on Mar 26, 2025

    Iraq Hands BP Final Approval for Kirkuk Oil Development

    British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a …

    Source: Oil Price - Neutral
  • Published on Mar 25, 2025

    Russia's oil comeback: how war de-escalation could widen Iraq's fiscal gap

    Shafaq News/ Iraq’s economy, heavily reliant on oil revenues, faces growing uncertainty as global energy markets remain volatile. With over 90% of the country’s government revenue stemming from oil exports, any significant decline in prices could …

    Source: Shafaq News - Uncategorized
  • Published on Mar 27, 2025

    US sanctions chinese refineries as Iran’s oil exports surge to 1.5 million bpd: Rystad

    New Delhi: The United States has intensified sanctions on Iran by targeting Chinese "teapot" oil refineries, small independent facilities that process Iranian crude, in a move that may influence global energy markets and geopolitical dynamics, …

    Source: ETEnergyworld.com - Uncategorized
  • Published on Mar 24, 2025

    Iraq Faces Gas Shortage While Seeking New Oil Export Markets

    Iraq is grappling with a natural gas shortage while simultaneously exploring new crude oil export markets. In recent weeks, Iraq has made headlines not only due to pressure from OPEC but also because of its struggle to secure natural gas imports. Iraqi Oil …

    Source: Oil Price - Neutral
  • Published on Mar 24, 2025

    Iraq studying oil exports to Africa

    Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, revealed on Sunday that Iraq is considering exporting crude oil to Africa as part of an effort to expand its market. In a statement to the Iraqi News Agency (INA), Abdul-Ghani said …

    Source: Iraqi News - Uncategorized
  • Published on Mar 20, 2025

    OPEC+ updated plans for compensating overproduction

    On Mar.20, OPEC+ announced a new schedule for seven member countries, including Russia, Kazakhstan, and Iraq, to implement additional oil output reductions to compensate for pumping above agreed levels. According to a table on OPEC's website, these …

    Source: Oil & Gas Journal - Label Pending
  • Published on Mar 28, 2025

    How Trump’s new energy policies reshape global oil markets

    Only two months into his second term, President Donald Trump has wasted no time reactivating his signature “energy dominance” doctrine—this time, with even sharper tools and bolder ambitions. The initial executive orders and international policy actions …

    Source: Middle East Monitor - Uncategorized
  • Published on Mar 28, 2025

    Oil Futures Fall on Inflation, Tariff War Concerns

    The U.S. Dollar Index fell 0.28% to 103.71 against a basket of foreign currencies. The Core Personal Consumption Expenditures (PCE) Index, excluding food and energy, rose 0.4% in February, year-over-year, above market expectations of a 0.3% increase, the …

    Source: Progressive Farmer - Neutral
  • Published on Mar 28, 2025

    Kuwait Eyes Return to Debt Markets to Fund Diversification From Oil

    Kuwait has approved a financing and liquidity law that will allow one of OPEC’s top producers to return to the debt market after eight years, with borrowing expected to fund projects to diversify its dependence on oil revenues. While the other OPEC Gulf …

    Source: Oil Price - Neutral
  • Published on Mar 28, 2025

    Kuwait tries to kickstart diversification away from oil

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the petrostate will pursue an …

    Source: The Financial Times - Neutral
  • Published on Mar 27, 2025

    A US-Saudi deal without Israel? Here’s what the US should ask for.

    New Atlanticist March 27, 2025 • 6:00 am ET Print this page By Kirsten Fontenrose For years, the outlines of a potentially groundbreaking deal involving the United States, Saudi Arabia, and Israel have been well known. US President Donald Trump deputized a …

    Source: Atlantic Council - Uncategorized
  • Published on Mar 27, 2025

    Escalating U.S./Iran tensions could hit energy markets: Rystad Energy

    The U.S. has issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" (small independent refiner) processing Iranian crude This latest …

    Source: Oil Review Middle East - Neutral
  • Published on Mar 26, 2025

    U.S. Sanctions on Iran Threaten Global Energy Markets

    The latest round of US sanctions on Iran, which now targets Chinese so-called ‘teapot’ oil refineries—small, independently owned facilities—signals a growing determination to tighten the economic noose around the Tehran administration. With potential …

    Source: Oil Price - Neutral
  • Published on Mar 26, 2025

    Leaks, Lies, and Lost Influence — Can MENA Still Trust the U.S.?

    The latest U.S. intelligence leak, born from a reckless group chat, isn’t just a diplomatic scandal — it’s a wake-up call for America’s allies. For the Middle East and North Africa (MENA), the breach raises urgent questions: Can Washington still be trusted …

    Source: The Times of Israel - Neutral
  • Published on Mar 25, 2025

    Is Brazil abandoning its climate promises?

    When President Luiz Inacio Lula da Silva took office in early 2023, environmentalists breathed a sigh of relief. After four years of environmental destruction under his far-right predecessor Jair Bolsonaro, the new leader arrived on a pledge to protect the …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Mar 26, 2025

    The tanker hokey-cokey

    Tariffs on, tariffs off, tariffs on, tariffs off… the world’s traders are dancing the commodity hokey-cokey to the hurdy-gurdy daily churn of US trade and foreign policy. The one conclusion that everyone can agree on is that life is going to become more …

    Source: Splash 247 - Neutral
  • Published on Mar 25, 2025

    Trump's Tariffs on Venezuelan Crude Spark Bullish Sentiment in Oil Markets

    Trump's decision to place sanctions on any country buying Venezuela's oil has sparked some bullishness in oil markets this week. - As London-based energy major Shell (LON:SHEL) issued its 2024 annual report ahead of this year’s Annual General …

    Source: Oil Price - Neutral

03 days 00:05:32

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