Energy

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible disruptions to Middle Eastern supplies supported the rebound, while prospects for...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...

SOMO: Kurdistan Region Oil Output Falls to 20,000 Barrels per Day

Oil production in the Kurdistan Region has fallen from 230,000 barrels per day to only 20,000 because of...

Genel Energy Reports 66% Drop in Tawke and Peshkabir Oil Output

Genel Energy reported a 66.3% decline in combined oil production from the Tawke and Peshkabir fields during the...

Gold Prices Rise Above $4,050 per Ounce

Gold prices edged higher on Tuesday and remained above $4,050 per ounce as investors weighed renewed US-Iran tensions...
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KRG Expects Regular Oil Price to Fall to 850 Dinars Within Two Weeks

The Kurdistan Regional Government (KRG) expects commercial regular oil prices to drop soon. The price should fall to 850 Iraqi dinars per liter within...

Oil Prices Increase as Brent Trades Near $79 Per Barrel

Global oil prices moved higher on Thursday, with Brent crude approaching $79 per barrel after geopolitical developments in the Middle East reduced fears of further disruptions...

Runaki Electricity Program Brings 24-Hour Power to Over 90% of Kurdistan

More than 90% of the Kurdistan Region now enjoys uninterrupted electricity through the Runaki electricity program. The latest data also shows that around 80% of households pay less for...

Oil Prices Rise Nearly 2% as Supply Concerns Return

Oil prices rise continued on Wednesday after renewed tensions in the Middle East increased concerns about global energy supplies. Investors reacted to fresh military developments...

Erbil Fuel Prices Drop After Kurdistan Allows Fuel Imports

Erbil fuel prices declined on Tuesday after the Kurdistan Regional Government (KRG) allowed the import of gasoline from other parts of Iraq. The decision has...

OPEC+ Production Increase Pushes Oil Prices Lower

Oil prices edged lower on Monday after OPEC+ oil production members agreed to raise output again next month. The decision added pressure to global crude markets...
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