Saturday 2 July 2016
 
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Iraq

Iraq June oil exports fall as domestic usage rises

Iraq's oil exports from the southern ports fell in June as domestic consumption rose due to demand for summer cooling, an official at the state-run South Oil Company said on Friday. Loadings from Iraq's southern oil termin

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Iraq's oil exports set to decline in June for second month

Iraq's oil exports are set to decline in June for a second month, according to loading data and an industry source, adding to signs that supply growth from Opec's second-largest producer is slowing this year.  

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Oil prices fall as supply outlook improves

Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50 per barrel as fears over strike outages in Norway faded and as Nigeria's production improved. International Brent crude oil futures were t

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Iraq gets $2.7bn US loan for military equipment

Iraq secured a $2.7 billion loan from the US on Wednesday to fund ammunition and maintenance of fighter jets, tanks and other military equipment for use in the war against Islamic State. Baghdad will have eight and a half years, i

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Iraq's southern oil exports seen steady through 2016

Oil exports from Iraq's southern ports have averaged 3.162 million barrels per day (bpd) so far this month, down slightly from May due to maintenance work and rising demand for fuel oil used in power generation, a senior oil official said.

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Iraqi forces retake IS holdout in Falluja

Iraqi forces recaptured the last district held by Islamic State militants in the city of Falluja on Sunday and the general commanding the operation declared the battle complete after nearly five weeks of fighting. Prime Minister H

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Iraq southern oil exports average 3.14 mbpd so far

Oil exports from Iraq's southern ports are averaging 3.144 million barrels per day (mbpd) so far in June, down from May due to maintenance work and weather, a South Oil Co official said.   State-run South Oil

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Obama, Saudi prince discuss Iraq, Syria at key meeting

President Barack Obama and the deputy crown prince of Saudi Arabia on Friday discussed ways to support Iraqis in their fight against Islamic State militants and the importance of a political transition in war-torn Syria, the White House said.

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Iraq plans to pay arrears owed to oil companies by end of 2016

Iraq plans to settle all arrears owed to foreign oil companies by the end of the year, as provided by an agreement with the International Monetary Fund, said Mudher Salih, an advisor on financial policy to Prime Minister Haider Al-Abadi.

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Civilians drown fleeing Falluja as forces encircle city

Fighters battling to retake Falluja from Islamic State said on Sunday they had the Iraqi city almost completely encircled, as civilians risked their lives trying to flee. At least four people drowned and nine were missing after tr

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