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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...

Iraqi Oil Prices Decline Amid a General Drop in Global Crude Markets

Iraqi oil prices recorded a noticeable decrease during daily trading, with the price per barrel of both Basra Medium and Basra Heavy crude falling by varying percentages. This domestic decline reflect...

Notable Decline in Iraqi Oil Prices in Global Markets Amid Drop in Benchmark Crudes

Iraqi oil prices recorded a tangible decline during daily trading in global markets. According to economic data, Basra Medium crude fell to $71.28 per barrel, while Basra Heavy crude dropped to $69.38...

Oil Minister Continues Field Tours to Ensure Smooth Fuel Supply at Stations

Oil Minister Basim Mohammed Khudhair Al-Abadi conducted an inspection tour of several fuel stations on Friday, for the second consecutive day, to directly supervise supply operations. In an official p...

Basra Crude Prices See Significant Growth in Global Oil Trading

Iraqi oil prices have recorded a noticeable increase in global markets, with both medium and heavy Basra crude experiencing a significant rise in trading value per barrel. This surge occurs amid sligh...

Global Demand Slump and Potential De-escalation Put Pressure on Oil Prices

Goldman Sachs has warned that weak oil demand in the Chinese and European markets poses a significant threat to its previous crude price forecasts for the fourth quarter, despite ongoing geopolitical...

Decline in Iraqi Oil Revenues Following Major Price Discounts Due to Regional Tensions

Economic reports have revealed that Iraq has resorted to offering substantial price discounts on its seaborne oil exports, driven by escalating geopolitical tensions that are hindering navigation in i...

National Security Advisor from Moscow: Iraq Rejects Settling Scores on Its Soil and Calls for Comprehensive International Dialogue

National Security Advisor Qasim Al-Araji stressed on Thursday that Iraq will not be an arena for settling regional or international scores. In his speech at the International Security Forum in Moscow,...

Major Oil Smuggling Operation Thwarted in Basra via a Half-Kilometer Secret Pipeline

Competent security agencies announced today the thwarting of an organized attempt to smuggle crude oil on the strategic highway connecting the Basra and Dhi Qar governorates. The operation was the cul...

Slight Decline in Iraqi Oil Prices in Tandem with a Drop in Global Market Indicators

Iraqi oil prices experienced a slight decline during weekly trading in global markets. Basra Medium crude fell to $105.95 per barrel, while Basra Heavy crude decreased to $103.85 per barrel. These dec...

Supreme Judicial Council and Ministry of Oil Discuss Strengthening Legal Frameworks for the Oil Sector

The President of the Supreme Judicial Council held official talks with the Minister of Oil to discuss several legal files and issues concerning the country's energy and oil sector. The meeting include...

Border Ports Authority Foils Major Smuggling Operations at Umm Qasr Port

The Border Ports Authority announced on Friday the foiling of a series of massive smuggling attempts at Umm Qasr Port in Basra Governorate, during an intensive field inspection. The operations resulte...