Latest news
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
Are oil prices going to ease on higher output and slower economy? (IEA)
The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the International Energy Agency said last Friday.
read more... 16/10/2012
Iraq could overtake Russia as the world second largest oil exporter by 2030
Iraq has the potential to become the world’s second-largest oil exporter by 2030 and double its output by 2020, according to a study released by the International Energy Agency, overtaking even Russia in terms of exports.
read more... 10/10/2012
Iraq's oil production hits a 20 year-peak
Iraq saw its oil production at the highest level since 20 years, due to an increased production at Halfaya field, which exceeded 3.07 million barrels a day this month.
read more... 27/06/2012
Iran: oil production down 38% on the U.S. sanctions
As a result of sanctions imposed by the U.S., the oil production in Iran dropped down at its lowest level in 20 years, and could drop to levels seen last time during the war between Iran and Iraq.
read more... 15/06/2012