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OPEC sees oil outlook for first half of 2021 full of downside risks
SULAIMANI (ESTA) — OPEC sees plenty of downside risks for oil markets in the first half of 2021,…
Chinese company wins $2 billion oil prepayment deal, says Iraq’s SOMO chief
SULAIMANI (ESTA) — A Chinese company has won $2 billion oil prepayment deal with the Iraqi government, head…
Bitcoin rallies above $30,000 for first time
SULAIMANI (ESTA) — Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge…
Iraq’s SOMO chief says OPEC agreement affected Iraq positively – INA
SULAIMANI (ESTA) — The head of Iraq’s state-oil marketing company, SOMO, said on Saturday “the OPEC agreement positively…
Oil edges higher, but posts 20% annual drop in tumultuous 2020
SULAIMANI (ESTA) — Global crude prices edged higher on Friday but lost more than a fifth of their…
OPEC+ oil output cut compliance at 101% in November – sources
SULAIMANI (ESTA) — The OPEC+ group of oil producers fully complied with supply cuts in November, Reuters cited…
Oil prices fall as lockdowns weigh, market eyes more stimulus
SULAIMANI (ESTA) — Oil prices dropped on Thursday as strict coronavirus lockdowns paralyzed much of the global economy.…
Genel, partners received over $42 million from KRG for oil sales: company
SULAIMANI (ESTA) — Genel Energy plc said on Tuesday that it had received payments from the Kurdistan Regional…
Oil up on hopes of recovery in demand, lower U.S. inventories
SULAIMANI (ESTA) — Oil prices gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and…
Iraq’s southern oil exports at 2.7 million bpd in December, says official
SULAIMANI (ESTA) — Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day…
Oil prices rise over U.S. coronavirus stimulus payment
SULAIMANI (ESTA) — Oil prices rose on Tuesday, for the third time in four sessions, on expectations for…
Iran gas company says slashed flow to Iraq over $6 bln debt
SULAIMANI (ESTA) — Iran’s state gas company said on Monday it had slashed supplies to neighboring Iraq over…