Iraq's oil sector faces a dual crisis: stalled negotiations with the KRG over exports, and warnings from parliament of a ...

Iraq is fast-tracking a new floating LNG terminal tender, with a U.S. firm as the likely supplier, to address its deepening gas supply crisis and reduce reliance on Iranian imports.

By bnm Gulf bureau The foreign-calculated sums are stark. Iraq's budget deficit will more than double from 4.2% of GDP this ...

ERBIL, Kurdistan Region - The United States on Tuesday urged both Baghdad and Erbil to resolve their long-standing financial ...

The U.S. warns Iraq over Iranian oil smuggling, threatening sanctions on SOMO and freezing $350M in revenue. Iraqi MPs plan to summon the Oil Minister amid fears of an economic crisis, as over 90% of ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil ...

ERBIL, Kurdistan Region - The Iraqi Council of Ministers has failed to reach a concrete decision to resolve the ongoing ...

The hearing follows a growing scandal over reports that Iranian crude is being covertly blended into Iraq’s oil exports under ...

The United States has issued a new wave of sanctions against Iranian oil exports, the first penalties against Tehran’s energy ...

AS THE debate plays out over the damage done to the Iranian nuclear programme by US and Israeli strikes, one reality is clear: The country’s booming energy sector, the cash cow of the regime, emerged ...

Fears about supply, demand, profits and supply chains all combine into a volatile mix that delivers prices that are often ...