Tankers with oil and liquefied gas have resumed transit through the Strait of Hormuz
Two tankers carrying liquefied natural gas (LNG) and a supertanker with Iraqi crude oil have resumed transit through the Strait…
Iraq
Iraq Declares Force Majeure on Oil Fields Due to Export Halt
Iraq has announced a state of force majeure on all oil fields operated by foreign companies. This decision was made…
OPEC+ Increases Oil Production Despite Decline in Russian Hydrocarbon Revenues
The OPEC+ countries (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) have decided to increase oil production by…