Iraq Mining News

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

Iraq's Kurds add capacity to oil pipeline to export Kirkuk crude

The link’s capacity increased to 1 million barrels a day from 900,000.

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

Oil market fears: war, default and nuclear weapons

Outside of the US, there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the oil market.

Markets climb as world faces crisis

On August 28th while the geographical area formerly known as Iraq descended further into chaos, President Obama announced to the world "We don't have a strategy, yet."

Despite growing risks it's still Janet Yellen's market

The current stock market is earning a deserved reputation as being coated in Teflon. Bad or disappointing news just doesn't appear to stick, and has done nothing to slow the market's upward trajectory.

Gold price rallies on Iraq, Ukraine

Near one-month high on chaos in Iraq, threats of Russian invasion of Ukraine and a sharp pullback in equities.

Experts say hunt for uranium seized by Iraq terrorists 'unnecessary'

But the International Atomic Energy Agency (IAEA) failed to disclose what the missing materials were, or whether it knew about them before they disappeared.

Gold set for 2nd quarterly gain amid global tensions

U.S. data, ECB meeting also in spotlight.

CHART: Iraq chaos lifts gold price – still cheap vs oil

Since 1970 the average number of barrels of oil can that can be bought with one ounce of gold is 15. The ratio has now fallen to below 12.

Iraq buys 36 tons of gold, largest amount in three years

Its total reserves stand now at 65.8 tonnes, making it the 43rd biggest official sector bullion holder in the world.

Top 10 oil and gas producing countries in 2012

World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.

Kurdish crude hits the international market

The Baghdad-Erbil oil standoff will escalate as the Iraqi Kurds sell their first crude oil.