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HomeIraq

Iraq

International News

Drone Attacks Take Khor Mor Gas Field Offline, Claims Lives

April 26, 2024 Mariel Alumit

Four expatriate workers lost their lives, and two others sustained injuries in a recent drone attack on the Khor Mor gas field in Iraq’s Kurdistan region. This attack, reported by an advisor to the Iraqi […]

Crude Oil News

World War III Is Now Inevitable – Here’s Why It Can’t Be Avoided

April 6, 2024 Stu Turley

Then there’s Israel and Gaza. I warned months ago in my article ‘It’s A Trap! The Wave Of Repercussions As The Middle East Fights “The Last War”’ that the war in Gaza would expand into a multi-front […]

Iraq
Crude Oil News

Iraq pumps over OPEC+ oil production target again even after lowering output

April 4, 2024 Mariel Alumit

(Bloomberg) – Iraq again missed its OPEC+ oil production target in March, potentially setting itself up for added scrutiny as the alliance prepares to review the country’s plan for supply. OPEC’s second-biggest producer pumped 4.17 […]

port
Commodities

Giant new Iraqi port touted as alternative gateway to Europe

April 4, 2024 Mariel Alumit

Abu Dhabi’s AD Ports Group has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI) to establish a joint venture to develop Al-Faw Grand Port and its economic zone. The […]

Downstream

Daily Energy Standup Episode #322 – US Gasoline Reserve Sale and China’s Oil Access Blocked

March 5, 2024 Andy Del Prado

Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]

OPEC+
Crude Oil News

Several OPEC+ countries extend output cuts through Q2, as Russia announces new reductions

March 4, 2024 Mariel Alumit

OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]

OPEC+
Crude Oil News

Iraq, Kazakhstan pledge OPEC+ compliance after exceeding January 2024 production targets

February 17, 2024 Stu Turley

(Bloomberg) – Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets after failing to fully cut production as promised last month. The Organization of the Petroleum Exporting Countries in Vienna, Austria. (Photographer: Andrey Rudakov/Bloomberg) […]

U.S.
Crude Oil News

The $2.8 Billion Hole in U.S. Sanctions on Iran

February 17, 2024 Stu Turley

For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue — and the country’s ability to fund proxy militias. The […]

Crude Oil News

Daily Energy Standup Episode #307 – Global Energy Developments: From Electric Buses to Geothermal Advancements

February 13, 2024 Andy Del Prado

Daily Standup Top Stories Virginia legislation would activate state program to fund electric school buses February 12, 2024 Mariel Alumit   Virginia is on a roll transitioning to electric school buses. And that momentum could remain […]

Crude Oil News

Iraq Remains Committed to OPEC+ Deal to Cap Oil Output at 4 Million Bpd

February 12, 2024 Stu Turley

OPEC’s second-largest producer, Iraq, is committed to its voluntary cut in the OPEC+ agreement and will produce no more than 4 million barrels per day (bpd) of crude oil, Iraq’s Oil Minister Hayan Abdel-Ghani said […]

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