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Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts

EghtesadOnline: Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.
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Publish Date:27/April/2017 | 05:41

Iran leapfrogs Iraq as India's no. 2 oil supplier in February

EghtesadOnline: India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, Reuters reported.
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Publish Date:14/March/2017 | 06:49

Iraqi PM says Iraq's oil is for Iraqis

EghtesadOnline: Iraq's oil is the property of Iraqis, the country's Prime Minister Haider al-Abadi said on Tuesday, in reaction to US President Donald Trump who argued that the United States should have taken possession of the nation's crude reserves.
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Publish Date:25/January/2017 | 24:03

Oil Rises Near $53 as Iraq Says Close to Full OPEC Cut Pledge

EghtesadOnline: Oil advanced to trade near $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories and stabilize the market.
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Publish Date:24/January/2017 | 04:44

Saudi Arabia’s Sway in OPEC Limited by Resurgent Iraq and Iran

EghtesadOnline: Saudi Arabia’s dominance of OPEC isn’t what it once was. Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within the Organization of Petroleum Exporting Countries.
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Publish Date:24/November/2016 | 17:36

Iraq Serves Sweet Tea and Raw Data to Avoid OPEC Production Cuts

EghtesadOnline: With trays of sweet tea and a tour of Babylonian treasures at the national museum, Iraq’s Oil Minister Jabbar al-Luaibi welcomed energy reporters to Baghdad. A month after railing about OPEC data, he chose a softer approach to make the case that his country pumps more oil than the group acknowledges and won’t join other members in cutting output.
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Publish Date:28/October/2016 | 15:54

Oil prices drop as Iraq says doesn't want to join OPEC cut

EghtesadOnline: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
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Publish Date:24/October/2016 | 08:25

Iraq Sees Now as ‘Right Time’ for OPEC Deal on Oil Output

EghtesadOnline: Now is the right time for OPEC to reach an agreement on oil output, and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said.
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Publish Date:22/September/2016 | 15:35