Oil prices fell by more than one percent on Wednesday, as concerns about demand in China persisted and the risks of a broader economic slowdown increased.

Brent crude futures fell by $1.15, or 1.45 %, to $78.40 a barrel, while US West Texas Intermed…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani chaired today, Wednesday, the meeting of the Ministerial Council for Energy in its seventh regular session for the year 2024.

According to a statement by the Ministry of Oil…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani Al-Sawad met today with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Ghais.

During the meeting, they discussed enhancing …

Basra Heavy and Medium crude prices rose today, Wednesday, as oil prices rose in global markets.

Basra Heavy crude prices rose $1.4 to $75.61, while Basra Medium crude prices rose $1.4 to $78.61.

Oil prices rose, after a sharp decline in the previo…

The Secretary-General of the Organization of the Petroleum Exporting Countries “OPEC” Haitham Al-Ghais arrived in Baghdad, on a two-day visit.

The Spokesman for the Ministry, Mr. Asim Jihad, said: The visit comes within the framework of bilateral co…

The Khalda Petroleum Company, a subsidiary of Apache, has made a significant oil discovery in the West veops-1 region within the Khalabsha Development Area of the Western Desert, according to a statement released by the Ministry of Petroleum and Mine…

Dr. Rania A. Al-Mashat, the Minister of Planning, Economic Development and International Cooperation, and OKA Hiroshi, Ambassador of Japan to Egypt, held the annual meeting of Egypt-Japan High-Level Policy Dialogue for development cooperation at the …