Latest news
Iran and Iraq seal a 6-year gas deal
Iran and Iraq sealed a 6-year gas deal on November 11, under which Tehran will export 25 million cubic meters per day (mcm/d) to feed three power plants in Iraq’s port city of Basra.
read more... 12/11/2015
Daily: Crude oil plunges to the lowest level since 27 August on supply jitters
Crude oil prices reversed gains from the previous day, plunging about 3 percent on Wednesday, touching August lows, sparking new worries about growing U.S. crude stockpiles and supplies from Iraq. Brent crude declined $1.63, or 3.4 percent, to settle at $45.81 a barrel, posting a session low of $45.62, the lowest since August 27. U.S. West Texas Intermediate contract eased $1.28, or 3 percent, to close at $42.93.
read more... 12/11/2015
OPEC oil production rocketed to three-year high in June
The Organisation of Petroleum Exporting Countries (OPEC) oil supply has rocketed to a three year high in June due to a record breaking output from Iraq and flat exports from Saudi Arabia.
read more... 06/07/2015
Daily: European electricity curve on weaker thermal power prices
Oil increased for a second day on Thursday and reached $66 a barrel, encouraged by expectations that a global supply glut will reduce and by fighting in Iraq.
read more... 22/05/2015
Daily: Oil retreats from 2015 high on dollar appreciation, record exports from Iraq
Crude oil prices retreated from 2015 highs on Friday after posting their largest monthly gains for six years in April as Iraq announced its oil exports hit a record in April and amid pressure from a dollar appreciation. Brent crude for June delivery dropped by 32 cents to settle at $66.46 a barrel. However, it posted a 21% increase in April. U.S. June crude eased 48 cents to close at $59.15, after recording a 2015 high of $59.90 and recovering from a $58.32 intraday low. U.S. crude futures boosted 25% last month. Both Brent and WTI crude traded thin as major markets were closed for the May Day holiday.
read more... 04/05/2015