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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...

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...

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...

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...

Significant Rise in Global Oil Prices, Brent Crude Surpasses $108

Global crude oil prices experienced a noticeable surge on Friday, driven by supply and demand dynamics and ongoing geopolitical concerns, particularly the crisis in the Strait of Hormuz. According to...

Iraqi Oil Prices Record Notable Rise in Global Markets

Iraqi oil prices recorded an increase during daily trading in global markets.According to official data, the price of Basra Medium crude rose to $118.99 per barrel, while the price of Basra Heavy crud...

Iraqi Oil Prices Stable in Global Markets

Iraqi oil prices recorded stability on Thursday (May 7, 2026) during daily trading in global markets.According to data, Basra Medium crude price stabilized at $123.57 per barrel, while Basra Heavy cru...

Iraqi Oil Prices Decline in Global Markets

Iraqi oil prices recorded a decline today, Monday (May 4, 2026), during weekly trading in the global market.According to market data, Basra Medium crude rose to $123.57 per barrel, while Basra Heavy c...

Oil Prices Continue Rising for Seventh Consecutive Day as Strait of Hormuz Remains Closed

Oil prices continued their upward trend for the seventh consecutive day, with the Strait of Hormuz remaining closed. The strait typically handles approximately 20% of global oil and gas consumption.Br...

Exceptional Leap in Global Oil Prices Presents Iraq's Budget with New Challenges

Global energy markets experienced unprecedented turmoil following a sudden spike in crude oil prices by over 5%, driven by escalating security risks and the closure of strategic maritime corridors, sp...

Oil Prices Drop 10% Following the Resumption of Navigation in the Strait of Hormuz

Global energy markets witnessed rapid transformations on April 17, 2026, following the announcement of the full resumption of maritime navigation in the strategic Strait of Hormuz, resulting in a shar...