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Oil

Oil prices fall amid fears of oversupply

Oil prices fell on Monday on concerns that OPEC-led production cuts may not significantly reduce the oversupply in the near-term market despite talk of extending the cuts. West Texas Intermediate crude for June delivery fell 12 cents to…

Iraq ranks fifth in the world in oil reserves

Iraq ranked fifth in the world in oil reserves. EBR to develop oil and gas discoveries addressed the importance of hydrocarbon products worldwide and the countries that dominated the markets over the past decades. It issued a list of the…

Iraqi oil arrives in Egypt early next month

Iraq's first oil shipment is expected to arrive in Cairo early next May, Iraq's ambassador to Egypt, Habib al-Sadr, said Saturday. Al-Sadr said that the agreement was completed in all aspects of its procedures and we expect the arrival of…