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Iraq Intensifies Negotiations with Turkey to Conclude a New Strategic Oil Agreement

The Ministry of Oil announced the formation of a joint supreme committee to manage negotiations with Turkey aimed at concluding a new agreement to regulate crude oil exports through Turkish territory,...

Oil Price Fluctuations: Decline in Basra and Brent Crudes Amid Global Market Volatility

Global energy markets witnessed a noticeable divergence in crude oil trading prices, with Iraqi oil prices recording a decline in their market value. According to economic data, the price of medium Ba...

Global Oil Prices Decline Amid Easing Concerns Over Energy Supplies

Crude oil prices in global markets experienced a notable decline, approaching levels seen prior to the recent escalation in geopolitical tensions. This drop was driven by easing concerns over supply d...

Informed Sources Reveal Details of Upcoming Negotiations Between Washington and Tehran

Informed sources revealed that a new round of negotiations between the United States and Iran is scheduled to take place in late June in Bürgenstock, Switzerland. The sources explained that the talks...

US Pressures Over Emission Standards Threaten Gas Supplies to Europe

The United States has hinted at the possibility of diverting liquefied natural gas (LNG) shipments away from European markets if the European Union does not ease its strict regulatory measures regardi...

Varying Increases in US Dollar Exchange Rates Across Three Iraqi Provinces

Local currency markets in Iraq witnessed a noticeable increase in the exchange rates of the US dollar against the Iraqi dinar across three major provinces. In detail, markets in the capital, Baghdad,...

Iraqi Oil Prices Rise Amid Global Market Fluctuations

Iraqi oil prices recorded a noticeable increase during daily trading in global markets. Basra Medium crude rose to $52.85 per barrel, while Basra Heavy reached $50.48 per barrel. Globally, Brent crude...

Calls for Comprehensive Investigation into Asphalt Plants' Operations and Black Oil Quotas

Appeals have been directed to the Prime Minister's Office urging the opening of an investigation into asphalt plants to verify their actual operations and address suspicions surrounding certain facili...

Notable Decline in National Oil Prices, Hitting Their Lowest Levels in Three Months

Economic indicators of global energy markets showed a tangible decrease in the prices of national crude oil during daily trading, dropping to their lowest level in three months. Financial data indicat...

Gold Prices Continue Upward Trend Amid Global Anticipation of Monetary Policy Updates and Diplomatic Developments

Precious metals markets recorded a notable increase in gold prices for the fifth consecutive session, driven by optimistic expectations regarding recent diplomatic developments on the international st...

Reports Reveal Anticipated Understandings to Release Frozen Iranian Assets and Ease Energy Restrictions

Informed sources have revealed a draft of ongoing understandings encompassing comprehensive financial and economic clauses that could lead to the release of billions of dollars in frozen financial ass...

Oil Tanker Targeted by Unknown Projectile Off the Coast of Oman With No Casualties Reported

An oil tanker was involved in a maritime incident off the coast of the Sultanate of Oman after being struck by an unidentified projectile, according to international maritime navigation reports. Relev...