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OPEC+ countries adjust oil production

OPEC+ countries adjust oil production

THE eight OPEC+ countries – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman – will implement a production adjustment of 548,000 barrels per day in August 2025 from July 2025 required production level. This...

US Sanctions Iraqi-British National for Smuggling Iranian Oil

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...

Türkiye, Iraq step up talks on PKK disarmament plan

Türkiye, Iraq step up talks on PKK disarmament plan

ANKARA Türkiye's intelligence chief İbrahim Kalın is set to travel to Baghdad on July 8 for high-level meetings as Türkiye awaits steps toward the disarmament of PKK amid a peace initiative. Kalın’s visit comes amid increasing momentum in the...

Iran Update Special Report: Iraq after the Iran-Israel War, July 13 - July 3, 2025

Iran Update Special Report: Iraq after the Iran-Israel War, July 13 - July 3, 2025

Information Cutoff: 2:00 PM ET The Critical Threats Project (CTP) at the American Enterprise Institute and the Institute for the Study of War (ISW) publish the Iran Update, which provides insights into Iranian and Iranian-sponsored activities that...

Jordan Chamber of Industry: Kingdom Exported to 147 Countries Last Year

Jordan Chamber of Industry: Kingdom Exported to 147 Countries Last Year

Analytical data released by the Jordan Chamber of Industry revealed that Jordan’s industrial exports have shown a clear expansion in geographic diversification over the past five years, successfully overcoming various challenges and...

Good news on gas prices: OPEC+ to boost oil production

Good news on gas prices: OPEC+ to boost oil production

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...

Meet the Canadian fighting France for $30 million in unpaid embassy rent in Iraq

Meet the Canadian fighting France for $30 million in unpaid embassy rent in Iraq

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...

OPEC+ Fast-Tracks August Oil Production

OPEC+ Fast-Tracks August Oil Production

(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...

Turkiye water release offers little help for Iraqi farmers

Turkiye water release offers little help for Iraqi farmers

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,...

Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September

Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September

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...

CVX, SHEL, OXY: Oil Prices Fall as OPEC+ Again Boosts Production

CVX, SHEL, OXY: Oil Prices Fall as OPEC+ Again Boosts Production

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...

OPEC+ Countries Agreed To A Sharp Increase In Production

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...

Ticker: OPEC+ to boost oil production; China bans EU medical devices

Ticker: OPEC+ to boost oil production; China bans EU medical devices

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...

Sharjah Real Estate Transactions Surge 48.1%

Sharjah Real Estate Transactions Surge 48.1%

(MENAFN- Brazil-Arab News Agency (ANBA)) Sharjah - The real estate sector in Sharjah, United Arab Emirates, recorded transactions worth AED 27 billion, equivalent to USD 7.35 billion, during the first half of 2025, a 48.1% increase from AED 18.2...

New US Sanctions on Iran Increase Pressure on Iraq

New US Sanctions on Iran Increase Pressure on Iraq

The Trump Administration has increased pressure on the Iranian regime, just weeks after striking Tehran’s nuclear facilities. Trump’s so-called “maximum pressure” sanctions have been stepped up, with Washington announcing new designations covering...

EIA: Iraq’s oil exports to US surge over the week

EIA: Iraq’s oil exports to US surge over the week

2025-07-06T09:00:17+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad/Washington The United States increased its oil imports from Iraq last week, according to the US Energy Information Administration (EIA). The EIA reported on Sunday...

Eight OPEC+ countries decide to lift restrictions, increase oil production

[Sun, 06 Jul 2025 14:11:47 +0300] Vienna - Saba: OPEC announced that eight OPEC+ member countries have decided to accelerate the lifting of voluntary oil production restrictions and agreed to increase production by 548,000 barrels per day starting...

Emmy Award-winning antisemitism documentary to screen in Narooma

Emmy Award-winning antisemitism documentary to screen in Narooma

The 2024 documentary We Will Dance Again is an international co-production between the US, UK and Israel. Photo: Courtesy of production We Will Dance Again. A documentary about the Hamas attack on an Israeli music festival that started the...

Tourism ministry proposes week-long public vacation for tourism boost

Tourism ministry proposes week-long public vacation for tourism boost

TEHRAN—Cultural Heritage Minister Reza Salehi-Amiri said that the government is pulling Iranian tourism out of the wartime recession with two national strategies and 14 operational mechanisms. He added that a one-week vacation plan before the end...

BP's Market Gains Outpace Its Industry: What it Means for Investors

BP's Market Gains Outpace Its Industry: What it Means for Investors

Shares of BP plc BP have gained 13.8% in the past six months, outperforming the oil-energy sector’s gain of 9.8%. The company has a market capitalization of $9.3 billion. BP also outpaced its energy peers, Exxon Mobil Corporation XOM, which has...

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