Tag Archives: SHAFAQ News

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s oil export to the United States dropped by 88% in the past week. EIA stated in a report, “U.S. imports oil 5.869 million bpd in the past week.” The top three source countries of U.S. import oil are Canada …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States decreased to 42 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5.442 bpd in the second week of November.” The top three source countries of U.S. import oil …

OPEC’s, Organization of the Petroleum Exporting Countries, reference basket (ORB) price dropped to 81$/bbl driven by other crudes. OPEC said in a statement that the price of a thirteen crude ORB reached 81.1$/bbl, 0.91$ above yesterday’s 82.01$/bbl. The OPEC Reference Basket of Crudes (ORB) is made up of the following: …

OPEC and its allies boosted crude oil production by 480,000 b/d in October, according to the latest S&P Global Platts survey, but only half of the group’s members actually increased output last month as many in the coalition are struggling to pump as many barrels as they had promised. OPEC’s …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 187 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.319 bpd in the first week of November.” The top three source countries …

U.S. President Joe Biden blamed a surge in oil and gas prices on a refusal by OPEC nations to pump more crude. Speaking at a climate summit in Glasgow, Scotland, Biden also attributed higher inflation to the coronavirus slowing down the supply chain.

The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 4.901 barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 155,000 bpd. …

The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US rose to 188,000 barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 188,000 bpd, …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed the need to increase investments and support projects to develop the gas sector to meet the growing need for clean fuels in global markets. This came on the sidelines of his participation in the work of the World Energy Forum week in …

Oil prices rose on Friday, tracking towards a 4.2% gain for the week on signs some industries have begun switching fuel from high priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now. U.S. West Texas Intermediate (WTI) crude futures climbed …