- Kurds reveal oil data as Iraq output threatens OPEC deal
November 03, 2016
Iraq’s Kurds say their oil production in September was 290,000 barrels a day lower than the federal government’s figures for the semi-autonomous region, as OPEC’s second-biggest member tries to resolve accounting differences with the pro...
- Oil traders may find profit at sea again as prices sink
November 02, 2016
As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.
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- Iraq Seeks Exemption from OPEC Production Deal on Islamic State War
October 27, 2016
Iraq is arguing that its intensifying war against Islamic State won't allow it to reduce output along with other OPEC members, threatening to derail the landmark agreement.
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- US oil extends rally on hopes global glut will soon start to ease
October 07, 2016
Oil climbed above $US50 a barrel in New York for the first time since June as declines in US crude inventories and OPEC's pledge to reduce supply lifted hopes the global glut may clear.
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- Despite new Iran contracts, analysts doubt the country will reach 4 mmb/d output anytime soon
October 05, 2016
New contracts signed by Iran will help boost its total output to about 4 million barrels per day(bpd) and better rewarding investment in crude and natural gas production – which has long been viewed as crucial to increasing its long-term...