Iraq willing to cut crude oil output
Iraq said it is willing to cut its crude oil output as part of OPEC's plan to reduce global supply and boost crude prices.
Iraq
OPEC defers question of Iran, Iraq output cuts to ministers
OPEC talks in Vienna Tuesday didn’t resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov. 30, said two delegates.
Iraq says OPEC should continue to raise output
Iraq has said OPEC should continue to raise output with no restrictions, ahead of next week's meeting.
Oil price rises as Iran, Iraq provide optimism ahead of Opec meet
Oil extended gains as Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet next week in Vienna.
Opec bickering as oil price drops two days in a row
Oil declined for a second day as OPEC’s internal disagreements undermined efforts among major suppliers to reach an agreement in Vienna on trimming output to support prices.
Iraq reveals oilfields output to win over OPEC ahead of meeting
Iraq published data showing a rare level of detail for its oil production and exports, a week after inviting energy reporters to Baghdad to make a case that the country is pumping more crude than analysts and OPEC acknowledge.
OPEC splits prevent deal with other producers to curb supply
OPEC’s internal disagreements over how to implement oil-supply cuts agreed to last month prevented a deal to secure the cooperation of other major suppliers.
Saudi Arabia faces deeper OPEC cuts after Iraq opts out of deal
Saudi Arabia faces the prospect of much deeper -- and financially painful -- oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.
Oil price hovers at $50 over OPEC uncertainty
The FTSE 100 made gains and sterling was flat as investors awaited a key government decision on airport runway expansion, and comments from Bank of England governor Mark Carney at the House of Lords.
Iraq’s deputy oil minister defies OPEC, says output surpassed 4million bpd
A defiant deputy oil minister said his country “was not going back in any way”.
Iraqi and Kurdish forces launch new offensive in bid to get IS out of Mosul
Iraqi and Kurdish forces have launched a new offensive near Mosul as part of a bid to retake the city from Islamic State.
IS attacks Iraqi city of Kirkuk and power plant amid Mosul fight
Militants attacked targets in and around the northern Iraqi city of Kirkuk on Friday in an assault quickly claimed by the Islamic State group and aimed at diverting attention from the battle to retake IS-held Mosul. At least 11 workers, including two Iranians, were killed when IS militants stormed a power plant north of Kirkuk and then blew themselves up.
DNO completes new production wells at flagship Tawke field
DNO said it has completed three new production wells at the flagship Tawke field in the Kurdistan region of Iraq.
Istanbul talks no show for Iraqi and Iranian ministers
Iranian and Iraqi oil ministers are not expected to attend informal talks between OPEC and non-OPEC producers in Turkey.
Gulf Keystone says debt restructuring plans still on track
Shares in Gulf Keystone Petroleum (GKP) edged up by 3% on the London exchange this morning after the company revealed a large jump in revenues in the first half of 2016.
Trump Iraq oil claims would have defied Geneva Convention – reports
Legal experts have claimed Republican Presidential candidate Donald Trump’s suggestion the US should have taken oil out of Iraq following the 2003 invasion would have been a violation of the fourth Geneva convention.
Firefighters puts out more fires at six oil wells in Iraq
Iraq has been putting out more fires at six oil wells in the Qayyara region of the country.
Iraq calls for Saudi amabassador to be replaced
Iraq's foreign ministry has called on Saudi Arabia to replace its current ambassador in Baghdad.
Opinion: If you’re betting on an OPEC freeze, don’t ignore Iraq
When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time both countries may be more accommodating; the stumbling block is more likely to be Iraq.
South Korea’s Knoc cuts losses on ‘uneconomic’ Kurdistan project
Korea National Oil Corp (Knoc) has decided to cut its losses and exit the Sangaw South project in Kurdistan.
Iraq will boost oil exports this week after agreement on Kirkuk
Iraq, OPEC’s second-biggest producer, will increase crude exports by about 5 percent in the next few days after an agreement to resume shipments from three oil fields in Kirkuk.
Iraqi Parliament finally approves Prime Minister’s oil boss choice
Iraq’s parliament today hired a new oil minister as part of an overhaul aimed at tackling corruption, a news report said.
Five dead as IS attacks two energy plants in Iraq
Islamic State (IS) has attacked two energy facilities in Iraq.
Iraq inquiry shows oil was a consideration for UK before war
The U.K. government held talks with Royal Dutch Shell Plc and BP Plc to ensure British energy companies were "well-placed to pick up contracts in the aftermath" of the invasion of Iraq, according to declassified documents released as part of an official inquiry.
Shaikan production reaches 25m barrel milestone for Gulf Keystone
Gulf Keystone Petroleum said its culmative production from the Shaikan field has now reached 25million barrels.