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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.
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Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

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Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.
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Iraq’s Oil Exports Through Kurdistan Pipeline to Turkey Double to 500,000 Barrels a Day, KAR Group Chairman Says

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

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Iraq Energy Partnership Grows with Russia’s New Agreements

Iraq's energy partnership with Russia is gaining momentum as both countries strengthen their collaboration in the oil and gas sector. This strategic alliance supports...

Iraq Secures US Tariff Exemption for Oil Trade

Iraq announced that its oil trade with the United States will not face the new 30 percent US tariff. This decision gives Iraq major...

Iraq Expands Najaf Refinery to Boost Fuel Production

Iraq has officially launched the Iraq Najaf refinery expansion to increase fuel production and improve the country’s energy security. Prime Minister Mohammed Shia Al-Sudani...

Kuwait crude oil price falls slightly to US$69.98 per barrel

Kuwait crude oil price fell slightly, closing at US$69.98 per barrel. This marks a 9-cent drop from its earlier level of US$70.07 per barrel....

Saudi Arabia Market Share Competition

Oil prices plunged after OPEC+ unveiled a larger supply boost next month. Brent crude fell by 80 cents to $67.50 a barrel.Meanwhile, US West...

U.S. Tightens Iran Oil Sanctions Targeting Iraqi Smuggling Networks

The U.S. government has expanded Iran oil sanctions to target several networks accused of smuggling Iranian oil. These sanctions aim to block profits that...

Iraq Oil Cooperation Talks Boost Energy Ties with Russia

Iraq oil cooperation continues to grow stronger through recent high-level talks with Russia. Iraq’s Minister of Oil, Hayan Abdul Ghani, led a key meeting...

Basrah Crude Prices Slip as Global Oil Market Stabilizes

Basrah crude prices declined slightly as the international oil market showed signs of stabilization. The drop affected both Basrah Heavy and Basrah Medium, highlighting...

Kuwait Oil Price Increases as Global Benchmarks Decline

The Kuwait oil price recorded a slight increase, climbing by 22 cents to reach $69.23 per barrel. This development signals a modest gain in regional oil...

UAE Petrol Prices Rise in July Despite Global Oil Drop

UAE petrol prices rise in July, affecting motorists across the country. This follows the monthly update from the UAE fuel price committee. Drivers now...

Iraq Economic Growth Ranks 4th Among Arab Oil Producers

The improvement of economic performance in Iraq will rise to 4.1% in 2025, according to the International Monetary Fund's latest projections. This follows a...

Iraqi Oil Exports to US Decline as Canada Leads Supply Surge

Iraqi oil exports to US fell noticeably last week, reflecting changes in the US crude oil import landscape. According to data released by the US...
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