The Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed Iraq’s commitment to the (OPEC +) agreement and the extension of the voluntary cut decision that was approved last April for the year 2023. This came during the…
A number of farmers in the villages of Sarkaran district attacked the Iraqi army forces and prevented them from performing their duties.A security source said that the Iraqi army forces within the Fifth Division, while carrying out their duties and pre…
Basra crude settled higher, but it recorded a weekly loss, after a series of declines in prices last week.Basra Heavy crude closed in its last session on Friday, up $2.34 to $70.40, but it recorded a weekly loss of $1.63, equivalent to 2.26%.While Bas…
The Parliamentary Finance Committee revealed the reasons for delaying the approval of the budget until now.Committee member, MP Jamal Cougar, said in a statement to the National Iraqi News Agency / NINA /: “There are two reasons for the lack of agreem…
Oil prices rose on Friday after the US Congress approved the debt ceiling bill and amid market expectations that OPEC+ will implement a production cut to support prices in the next two days.Brent crude futures rose 71 cents, or 0.96 percent, to USD74….
The US Senate passed on Friday legislation to raise the government’s debt ceiling of USD31.4 trillion, avoiding what could have been the first-ever default.The Senate voted 63-36 to approve the bill, which was passed by the House of Representatives on…