Read the latest news from regional and global sources, presenting different voices and perspectives.
Iraqi PM Confirms Progress on New Cities
Iraq Business News
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July 1, 2025
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani has confirmed that six new cities have been 'awarded for execution', with three more pending, as part of a broader plan to develop 60 new urban centres across the country. Speaking at a...
Iraq Claims Top Spot Among OPEC Crude Suppliers To The US
Zero Hedge
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Authored by Charles Kennedy via OilPrice.com, Iraq exported nearly 7 million barrels of crude to the U.S. in May, surpassing all other OPEC members. The surge in Iraqi shipments meets U.S. demand for heavier Middle Eastern crude grades amid OPEC+...
Good news on gas prices: OPEC+ to boost oil production
Great Bend Post - Kansas
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July 7, 2025
Post photoNEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi...
OPEC+ Fast-Tracks August Oil Production
MENAFN
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July 7, 2025
(MENAFN) OPEC and its partner nations, collectively referred to as OPEC+, revealed on Saturday their plan to raise oil production by 548,000 barrels per day (bpd) in August—an accelerated increase compared to July’s 411,000 bpd rise. This move...
Iraq Inks $118M Deal With US Firm Vectrus to Maintain F-16 Fleet
The Defense Post
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July 1, 2025
Iraq has signed a $118-million contract with Vectrus Systems to support its F-16 fighter jets. The deal, under the US Foreign Military Sales program, covers base operations, life support, and related services. An initial payment of $57.8-million...
Iraq set to launch first LNG import terminal
Hellenic Shipping News
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July 1, 2025
Iraq is moving closer to launching its first liquefied natural gas (LNG) import terminal as it advances negotiations with US-based Excelerate Energy, officials have said. Shafaq news agency quoted officials as saying the state-run South Gas...
Meet the Canadian fighting France for $30 million in unpaid embassy rent in Iraq
The Canadian Jewish News
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July 7, 2025
Although Montrealer Philip Khazzam has never set foot inside his family’s nearly century-old mansion in the Iraqi capital of Baghdad, he has heard many stories about the lush gardens, fountains, pool and bedrooms—enough to sleep 12 people. The...
Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September
Profit by Pakistan Today
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July 7, 2025
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in September, which would complete the unwinding of 2.2 million bpd of voluntary cuts, as they look to normalise spare capacity...
Turkiye water release offers little help for Iraqi farmers
Shafaq News
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2025-07-06T23:33:48+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad On Sunday, Iraq’s Ministry of Agriculture amended the country’s summer cultivation plan in response to a recent agreement with Turkiye to increase water releases,...
OPEC+ Countries Agreed To A Sharp Increase In Production
myMotherLode - California
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Monday, July 7, 2025 6:45 AM EDT Image Source: Unsplash The US stock indices did not trade on Friday due to the US Independence Day holiday. The dispute between Republican President Donald Trump and his campaign’s chief financier, Elon Musk, took...
Iraq’s Nasiriyah airport to be ready by year end
Zawya
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A Chinese company awarded a contract to build a civilian airport in the Southern Iraqi Nasiriyah city is expected to complete the project before the end of 2025. China State Construction Engineering Corporation (CSCEC) is building the airport in...
Iraq Enhances Energy Portfolio with Hadab Completion
Iraq International News Agency
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July 1, 2025
Under the patronage of the Deputy Prime Minister for Energy Affairs and Minister of Oil, the Oil Exploration Company has successfully completed the 2D “Hadab” seismic survey programme in Nineveh Governorate. The project, carried out by the 8th...
CVX, SHEL, OXY: Oil Prices Fall as OPEC+ Again Boosts Production
Markets Insider
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Oil prices are sliding lower as tensions in the Middle East ease and the OPEC+ cartel increases its production starting in August. Don’t Miss TipRanks’ Half-Year Sale An eight-nation subset of the Organization of the Petroleum Exporting Countries...
Iraq denies disruption at Baiji refinery after drone incident
Shafaq News
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2025-07-01T10:30:40+00:00 font Enable Reading Mode A- A A+ Shafaq News – Saladin On Tuesday, Iraq’s Ministry of Oil denied reports that production had been suspended at the Baiji refinery in Saladin province following a drone incident near the...
Iraq probes attacks on Kirkuk Airport, Baiji refinery
Shafaq News
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2025-07-01T06:49:10+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad/Erbil/Kirkuk/Saladin Iraqi security authorities have launched an official investigation into coordinated attacks that struck Kirkuk International Airport and the...
Oil prices rise after EU new sanctions on Russia
Channel News Asia
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July 18, 2025
LONDON :Crude oil futures rose on Friday while gasoil futures jumped to a 17-month high as investors weighed new European Union sanctions against Russia. Brent crude futures climbed 73 cents, or 1.05 per cent, to $70.25 a barrel by 1151 GMT. U.S....
US Sanctions Iraqi-British National for Smuggling Iranian Oil
Iraq Business News
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July 6, 2025
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting networks involved in transporting and purchasing Iranian oil, including a group of companies led by Iraqi businessman...
Iraq's golden opportunity: A new dawn for regional influence
Shafaq News
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Shafaq News In the wake of the 12-day confrontation between Israel and Iran, which ended in a regional ceasefire, Iraq stands at a delicate yet promising juncture. The temporary calm has sparked cautious optimism among Iraqi experts and officials,...
Gas flaring created 389m tonnes of carbon pollution last year, report finds
The Guardian
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July 18, 2025
The fossil fuel industry pumped an extra 389m tonnes of carbon pollution into the atmosphere last year by needlessly flaring gas, a World Bank report has found, describing it as an “enormous waste” of fuel that heats the planet by about as much as...
Ticker: OPEC+ to boost oil production; China bans EU medical devices
Boston Herald - Massachusetts
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July 6, 2025
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi Arabia and Russia made the...