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Oil prices climb 2% to 4-month high on lower Iraq, Saudi exports
19 Mar 2024 00:53 GMT
… lower crude exports from Iraq and Saudi Arabia … On the supply side, Iraq, Opec’s second-largest producer, … In January and February, Iraq pumped significantly more oil … members of the Organization of the Petroleum Exporting Countries (Opec) and allies like …
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Oil holds gain with Russian refining and OPEC+ curbs to the fore
19 Mar 2024 01:41 GMT
… attacks on Russian refineries and OPEC+ supply cuts in focus.
Brent … year. OPEC+ supply curbs have helped to bolster prices, and Iraq said …
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Iraq to reduce oil exports to 3.3 million bpd in coming months
18 Mar 2024 17:45 GMT
Iraq’s oil ministry said on Monday it will scale back crude exports to 3.3 million barrels per day (bpd) in the coming months to compensate for any increase above its OPEC+ quota in the first two months of 2024.
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Iraq to stick to OPEC's voluntary oil production cuts
18 Mar 2024 17:22 GMT
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Shafaq News/ Iraq, OPEC's second-largest producer … output cuts agreed upon by OPEC+ members, the Ministry of … from the Kurdistan region of Iraq, "which is not … agreed cuts under the OPEC+ agreement. The OPEC+ voluntary cuts, currently …
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Iraq commits to voluntary reduction of oil exports
18 Mar 2024 17:17 GMT
Baghdad (IraqiNews.com) – The Iraqi Oil Ministry said on … under the OPEC+ alliance agreements, according to the Iraqi News Agency … in the upcoming reports of OPEC+.
The Iraqi Ministry of Oil said … were 99,592,311 barrels.
Iraq’s total exports of crude …
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Iraq to curb oil exports to compensate for overproduction
18 Mar 2024 12:28 GMT
… led Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, … which provide data on OPEC+ members' production, reported Iraq';s production at … million bpd in February.
Iraq';s oil exports averaged …
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Iraq Says Will Cut Oil Exports to Compensate for Output Breach
18 Mar 2024 13:22 GMT
… compensate for producing above its OPEC+ limits earlier this year. … country, the second-biggest OPEC producer with a long history … The nation is coordinating with OPEC+ sources to reflect the export … it said. Iraq has in the past disputed OPEC+’s assessment of …
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Iraq to complete electrical interconnection with Kuwait in late 2024
17 Mar 2024 16:57 GMT
… finished.
The Iraqi Electricity Minister noted that Iraq has finished connecting … .
Iraq, the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), … connection project’s quality with Iraq.
The GCCIA official emphasized …
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Oil Now Overbought As Focus Settles On Better Than Expected Performance From China
19 Mar 2024 00:12 GMT
… consecutive month and news that Iraq will reduce its exports in … extended output cuts from the Organization of the Petroleum Exporting Countries (OPEC) were said to have …
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Iraq to complete 500 MW link with Kuwait by year's end, minister says
16 Mar 2024 04:48 GMT
… 45% complete.
He said Iraq had completed a link between … power to begin being transferred.
Iraq currently imports between a third …
The United States has pushed Iraq, OPEC's second-largest oil … As part of that push, Iraq last year reached agreement with …