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Qatar Energy has extended the force majeure clause on several liquefied natural gas (LNG) shipments destined for Asian and European markets. This extension includes the suspension of some consignments...
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Iraq's national oil marketing company, SOMO, has reportedly offered significant discounts on selling prices to contracted buyers, aiming to attract them to import Basra crude oil from its Gulf termina...
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US President Donald Trump urged fuel stations across the United States to immediately reduce gasoline prices, noting that current levels do not reflect the ongoing decline in global oil prices. Trump...
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Gold prices dropped over 1% on Tuesday, heading towards their largest monthly decline since October 2008. This trend is due to diminishing Middle East uncertainties and increasing expectations for US...
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Global sea freight costs have witnessed a significant surge, reaching unprecedented levels over the past two years, according to reports from the "Financial Times" citing industry experts. This escala...
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The Ministerial Council for Economy announced on Monday the formation of a joint committee tasked with surveying and visiting unofficial border crossings and outlets in the Kurdistan Region. This d...
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Middle East oil and gas producers continue shipments and exports despite renewed attacks on vessels in the Strait of Hormuz and escalating US-Iran tensions. Shipping traffic in the Strait slowed follo...
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Local markets revealed Sunday US dollar exchange rates against the Iraqi Dinar. The selling price was 157,000 dinars and the buying price 156,000 dinars per 100 dollars.
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Pakistan's Petroleum Minister, Ali Pervaiz Malik, announced on Sunday that the country is exploring the possibility of purchasing oil and gas at competitive prices from Iran, following the de-escalati...
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German Environment Minister Carsten Schneider announced that unprecedented severe heatwaves and water scarcity are causing significant damage to the German economy, necessitating comprehensive long-te...
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