Tag Archives: SHAFAQ News

Iraq’s crude oil exports to the U.S. has trumped those from Saudi Arabia last week, despite a marginal decline in the rate of supply, data by the Energy Information Administration (EIA) showed on Sunday. Drawing on a recent data chart, the EIA illustrated that the average daily crude oil imports …

Iraq ranked fifth among the world’s top 10 oil-producing countries in 2022, as revealed by Italian oil company Eni. Eni’s data showed that Iraq stood at the fifth spot as a top global oil producer, churning out 4.554 million barrels, with a compound growth rate of 5.4%. This marks an …

The Organization of the Petroleum Exporting Countries (OPEC) revealed on Monday a notable decrease in oil production among its 13 member states during July. The combined output dropped by 836 thousand barrels per day, settling at 27.310 million barrels per day, compared to the previous month of June. According to …

Iraq has secured its position as the fifth-largest country worldwide regarding oil reserves, as stated by the Italian oil corporation Eni. Eni’s data reveals that Iraq has a substantial oil reserve of 145.019 billion barrels for 2022, reflecting a marginal compound growth rate of 0.1%. In 2010, Iraq held 143.100 …

The U.S. Energy Information Administration (EIA) announced on Sunday a substantial increase in Iraq’s oil exports to the United States, reaching 305,000 barrels per day in the past week. According to data provided by the EIA, the average U.S. crude oil imports from eight key countries during the previous week …

Iraq’s oil exports to the US dwindled to approximately seven million barrels in July, a moderate decline from June’s tally, data by the US Energy Information Administration (EIA) showed this weekend. The data showed that the average daily volume of Iraq’s crude oil exports during July was pegged at around …

The U.S. Energy Information Administration announced on Sunday an increase in Iraq’s oil exports to the United States, surpassing Saudi Arabia’s exports during the past week. According to the agency’s data, the average U.S. crude oil imports from eight major countries reached 5.487 million barrels per day, decreasing by 770 …

Global crude oil prices witnessed significant gains, driven by a scarcity of supply following cuts by Saudi Arabia and OPEC countries. Basra crude increases in its last session on Friday, contributing to a bullish trend in the market. The Basra Heavy crude closed at $81.79 per barrel in its last …

Oil prices eased on Wednesday off three-month highs as industry data showed a stock build in U.S. crude inventories and investors remained cautious ahead of a likely Fed rate hike. Brent crude futures slipped 46 cents, or 0.55%, to $83.18 a barrel by 0451 GMT, while U.S. West Texas Intermediate …

The State Oil Marketing Organization (SOMO) has reported that Iraq exported more than one billion dollars’ worth of three petroleum products during the first quarter of 2023. According to a table released by SOMO, Iraq exported three petroleum derivatives totaling $1,113,220,043, with a quantity of two million, six hundred thirty-six …