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OPEC Lowers Global Oil Demand Growth Projections Amid Ongoing Geopolitical Tensions

The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth, attributing the adjustment to the persistent geopolitical tensions impacting energy...

Sony Announces Complete Digital Transition and Phasing Out of Physical Game Discs

Sony has announced a major strategic shift to discontinue the production and distribution of physical discs for all new PlayStation games, moving completely toward digital distribution models starting...

Slight Decline in Iraqi and Global Oil Prices Amid Market Fluctuations

Energy markets recorded a slight decline in both Iraqi and global oil prices during the latest daily trading sessions. According to economic data, the price of Basra Medium crude dropped to $64.42 per...

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...

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...

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...

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...

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...

Slight Variation in Local Exchange Rates Coinciding with Stable Gold Prices Globally and Locally

Local currency markets witnessed a slight decline in the exchange rates of the US dollar against the Iraqi dinar, while gold prices maintained relative stability in both local and global markets. The...

Nine Oil and Gas Tankers Cross Strait of Hormuz Despite Regional Tensions

Navigational data reported that nine vessels loaded with oil and gas crossed the Strait of Hormuz recently, according to maritime tracking data. Sources indicated that the movement of oil and gas tank...

China's Oil Imports Plunge to Near Four-Year Low Amid Iran Tensions

China's crude oil imports recorded a sharp decline during the past month of April, reaching their lowest level in nearly four years, amid the repercussions of tensions related to the war in Iran and t...

Gold Stable Near One-Week High Amid Awaited US-Iran Peace Agreement

Gold prices stabilized on Thursday (May 7, 2026) near their highest levels in a week, as investors monitored developments of a potential peace agreement between the United States and Iran, reinforcing...