Tag Archives: SHAFAQ News

The Organization of Petroleum Exporting Countries (OPEC) and its allies can salvage the oil prices by reducing the output, expert Mohammad al-Husni said on Monday. “OPEC+ can control the prices if they agree on a huge cut on production in their October 5 meeting,” al-Husni told Shafaq News Agency. “A …

The Energy Information Administration (EIA) Data showed that Iraq exported 222 bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 5.782 million bpd in the past week.” The top three source countries for U.S. import oil are Canada (3.538 million …

Iraq collectively grossed 9.784 billion dollars from oil sales in August 2022, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 101,959,528 barrels, yielding 9,784,000,000 dollars, the SOMO survey said. Exports from oilfields in Mid and south Iraq amounted to 100,750,000 barrels, while Kirkuk …

Iraq’s Mass Group Holding has bought Romania’s Mintia thermal power plant (TPP) from Hunedoara Energy Complex (CEH) for 91.2 million euro ($91 million) in a public auction, and plans to invest over 1 billion euro in the plant in the coming years, the company’s judicial administrator Expert Insolventa said on …

Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week. Brent crude futures fell 27 …

India is among the top importers of crude oil, depending on foreign fuels to meet 85% of its requirements. And it seems to have put its overdependence on imported oil to its advantage when the Ukraine war pushed the fuel prices in the global markets. Saudi Arabia seems to have …

U.S. crude oil imports from Iraq averaged 165,000 oil barrels per day (bpd) last week, the Energy Information Administration (EIA) revealed. According to the report, last week’s oil imports from Iraq amounted to 454,000 barrels (165,000 bpd). Iraq followed the United States’ top crude oil suppliers, Canada (3.308 million bpd), …

Saudi Arabia and Iraq are helping Europe wean off of Russian crude, which is increasingly headed to Asia, as Vladimir Putin’s war on Ukraine reshuffles the global energy market. Europe has imported more than 1 million barrels per day via the SuMed pipeline in the first three weeks of July, …

U.S. imports of crude oil from Iraq last week averaged 302 thousand barrels per day (bpd), the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. net oil imports averaged 5.957 million bpd last week, up by 55 thousand …

U.S. crude oil imports from Iraq averaged 273 thousand barrels per day (bpd) in June, the Energy Information Administration (EIA) said in its monthly report. According to the report, June imports from Iraq amounted to 8.19 million barrels, down from 9.114 million barrels (average 294 thousand bpd) in May. Iraq’s …