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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Oil Prices Drop 10% Amid Expectations of U.S.–Iran Agreement

Global oil prices have fallen by around 10% this week as markets react to growing expectations of a possible agreement between the United States...

Kurdistan Region Oil Exports to Resume Next Week

The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have reached an agreement to restart oil exports from the Kurdistan Region. The two...

Erbil and Baghdad Reach Agreement to Protect Oil Companies and Resume Kurdistan Oil Exports

Erbil and Baghdad have reached an important agreement on protecting international oil companies and restarting oil production and exports from the Kurdistan Region. Officials...

Oil Prices Hit Three-Month Low After Deal Eases Tensions

Oil prices fell to their lowest level in three months on Monday. This was the first trading day of the week. Markets reacted quickly...

Senior Iraqi Military Delegation Visits Erbil to Provide Security Guarantees for Oil Companies

A senior Iraqi military delegation arrived in Erbil to discuss security guarantees for international oil companies operating in the Kurdistan Region. The visit reflects...

Brent Crude Oil Surges Above $94

Brent crude oil prices rose sharply on Thursday, climbing above $94 per barrel after Iran announced plans to close the Strait of Hormuz, one...
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