Tag Archives: SHAFAQ News

Oil prices fell by more than $1 a barrel on Thursday on expectations of more crude hitting the market after a compromise deal between leading OPEC producers and a surprisingly poor weekly reading on U.S. fuel demand, Reuters reported. Brent crude settled at $73.47 a barrel, dropping $1.29, or 1.7%. …

British tabloid “The Sun” wrote about “the growing fear of a third world war” against the backdrop of the emergence of Russian submarines in the Baltic Sea and US participation in the “war games” in the Black Sea. The publication notes that a submarine with Oscar-II class cruise missiles (according …

The Iraqi state-owned Oil Marketer, SOMO, said on Sunday that the Chinese oil companies were the top buyers of Iraqi oil in May. In an official chart published on its official website, SOMO said that Chinese importers of Iraqi oil were eight, the most among 32 companies. Indian and U.S. …

The US Energy Information Administration (EIA) said on Saturday that Iraqi crude oil exports to the US declined to 155,000 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 155,000 bpd, …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 300 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.751 bpd in the second week of June.” The top three source countries …

The U.S. Energy Information Administration(EIA) has announced on Saturday a surge in Iraqi oil exports to the U.S. to up to 235,000 barrels per day, surpassing last week’s Saudi exports. According to a report released by the EIA, “Last week’s U.S. imports of crude oil from 9 different countries amounted …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States climbed to 270 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5,728 thousand bpd in the fourth week of April.” The top three source countries of U.S. import …

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil. Brent crude for June rose 15 cents, or 0.22%, to $66.93 a barrel by 0528 GMT …

Iraq ranked second in the list of OPEC countries that rose their oil production in February, OPEC report said today, Saturday. The organization stated in its monthly report, “the production of the 13 member states of the Organization of Petroleum Exporting Countries” OPEC “decreased last February, reaching an average of …

Oil prices rose on Tuesday on expectations of a recovery in the global economy after U.S. Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the United States, Reuters reported. But a stronger dollar and receding fears of oil supply disruption …