Oil prices have remained relatively rangebound following Trump's first week in office despite a significant amount of media ...

Meanwhile, production at Iraq's giant Rumaila oil field remains reduced by ~300K bbl/day after a fire last week, partly offset by rising output in Kazakhstan, which reported record production of ...

Iran's loss of influence in Lebanon and Syria has helped to spark a shift in attitude among Arab leaders.

Crude oil futures fell alongside equities Monday on fears that a U.S. electricity boom could be stymied by an apparent breakthrough by Chinese startup DeepSeek in producing artificial intelligence ...

ERBIL – Iraq’s oil production has dropped by 300,000 barrels per day following a fire at the Rumaila oil field in Basra Governorate, a key site responsible for nearly 40% of the country’s total output ...

By John Lee. Oil output at Iraq's Rumaila oilfield is reportedly down by 300,000 barrels-per-day (bpd) following a fire last week. The fire is said to have occurred in a decommissioned storage tank at ...

He said work on both fields could continue while the new information was gathered but no oil and gas could be extracted unless fresh approval was granted. Shell's Jackdaw gas field in the North ...

Change in operator could spur new activity at the oil field, which has been offline since 2023 after a steady production decline. A flare burns at the Taq Taq oil field in 2016. (STAFF/Iraq Oil Report ...

An overnight Ukrainian drone attack hit Russia's Andreapol oil pumping station, part of the oil export route via the Baltic Sea port of Ust-Luga, causing a fire and oil products to leak, a source in ...

US futures settle at lowest so far this year US crude oil inventories rose last week, EIA says US still plans to impose tariffs on Canada, Mexico Saudi and other OPEC+ ministers meet next week Jan ...

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