Posts

First Iraq-flagged oil tanker in three decades left Basra for USA

, ,
SHAFAQNA - Iraq has Exported First Crude Oil Cargo through Iraq-flagged tanker for the first time in three decades. Iraq, which has been ravaged by a series of wars since the 1980s, is the oil cartel OPEC's second-biggest producer with 153…

Russia and Saudi Arabia freeze oil output to salvage damaged economy

SHAFAQNA - The world’s two biggest crude producers have agreed not to increase oil output, according to Qatar’s energy minister, quoted by Bloomberg. OPEC members, such as Venezuela and Nigeria, have been calling for an emergency meeting…

OPEC nervous as Iran resumes delivery to Europe

SHAFAQNA - Only hours after news emerged that Iran has shipped its first oil cargo to Europe in multiple years as well as an announcement by Tehran that it has made a major rise in its oil production, indications emerged that key OPEC producers…