Search results for Basrah Heavy

First Iraqi Fuel Oil Shipment Loads From Syria

The Syrian Petroleum Company (SPC) began loading Iraqi high sulfur fuel oil (HSFO) onto an Aframax tanker at the Mediterranean port of Bania...

Iraq offers huge discounts for crude shipments via Hormuz

(Oil Price) – OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official […]

Hormuz Crisis Revives Basra-Ceyhan Pipeline Push

Turkey is pressing Iraq to expand the Iraq-Turkey pipeline (ITP) to enable exports from Basra to Ceyhan, allowing Baghdad to diversify its e...

Petronas-chartered tanker carrying Iraqi crude passes through Hormuz

KUALA LUMPUR, April 6 — An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Ira...

Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

Among Gulf oil producers, Iraq has ⁠suffered the biggest drop in oil revenue as a result of the effective closure of the Strait

Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

Among Gulf oil producers, Iraq has ⁠suffered the biggest drop in oil revenue as a result of the effective closure of the Strait

Petronas-Chartered Tanker Passes Through Hormuz

An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day after Iran said Iraq was exempt from any restrictions to transit the vit...

Brent crude futures rise 3.58 percent at settle

Oil Stays Elevated After Trump Says US Will Hit Iran Hard

The price of Brent crude, the international standard, jumped 6.5% to $107.72. per barrel. Benchmark U.S. crude rose 11.3% to $111.44 per barrel.

Hormuz opening enables Iraq to export over 20 mln barrels of oil

Tehran’s decision to fully open the strait "guarantees that about twenty tankers will be able to sail from Iraq already in the near future, which are capable to transport about 23...

Oil up almost 3% as US-Iran peace talks stall

Brent crude hits three-week high of $108 as Hormuz shipments stay limited

Security Concerns Complicate Iraq Oil Output Recovery

Iran has granted Iraq an exemption for its oil to transit Hormuz. But with Tehran still in control of the waterway, buyers remain wary of th...

Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports

BASRA, Iraq (AP) — Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replac...

BP Passes Exxon to Emerge as Top Oil Stock During Iran War

BP, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits.

Crude Oil Falls 10% as Strait of Hormuz Opens

Brent crude, the international standard, dropped 10.5% to $88.96 per barrel. Benchmark U.S. oil tumbled 10.8% to $81.38 per barrel.

Exclusive-Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control

By Marwa Rashad and Ahmed RasheedLONDON/BAGHDAD, May 12 (Reuters) - Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according t...