Iraqi oil

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Iraq ready to cut oil production

Iraq ready to cut oil production

Baghdad is ready to reduce oil production, the country's Prime Minister Haider al-Abadi said. "Yes, we have agreed to cut production. Iraq will stick to this because the current level of oil prices is …

Saudi Arabia, Iran and Nigeria set new oil production record

Saudi Arabia, Iran and Nigeria set new oil production record

OPEC’s June crude production rose 300,000 barrels a day from a month earlier, to 32.73 million barrels a day, which is the highest level since August 2008, according to S&P Global Platts. Platts said that its survey of OPEC …