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A service for global professionals · Wednesday, October 8, 2025 · 856,537,734 Articles · 3+ Million Readers
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Iraq OPEC Newswire

  • Published on 13:53 GMT

    Iraq signs Majoon oilfield development agreement with ExxonMobil

    Iraq on Wednesday signed an agreement with the US energy company ExxonMobil to develop a major oilfield in the country's south, as Baghdad pushes to expand its hydrocarbons capacity. The deal to develop the Majnoon oilfield marks a “significant step …

    Source: The National News - Pro-Government
  • Published on 18:15 GMT

    Iraq signs deal with Exxon to help develop large oilfield

    Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the US major's return to the country two years after leaving. The non-binding …

    Source: Gulf Times - Indeterminate
  • Published on 15:12 GMT

    Iraq signs deal with ExxonMobil to help it develop major oil field

    Iraq signed a deal with a U.S. energy giant, ExxonMobil, to help it develop its giant Majnoon oil field and expand oil exports, government officials and sources said, marking the U.S. major's return to the country two years after leaving. The non- …

    Source: Daily Sabah - Pending
  • Published on 14:19 GMT

    Oil Prices Rally As Weak U.S. Job Data Strengthens Hopes For Fed Rate Cuts

    Global oil prices rebounded on Wednesday as weaker-than-expected U.S. employment data strengthened market expectations that the Federal Reserve could soon ease monetary policy. The rally was further supported by the cautious output strategy adopted by OPEC …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on 20:28 GMT

    Oil Rises on U.S. Stockpile Drop

    Oil rose to the highest in a week after a government report showed a decline in domestic product stockpiles, while strength in broader markets supported crude prices. West Texas Intermediate climbed 1.3% to trade above $62 a barrel, aided by gains in US …

    Source: Rigzone - Neutral
  • Published on 11:00 GMT

    Exxon Considers Return to Iraq

    Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion …

    Source: Oil Price - Neutral
  • Published on 10:47 GMT

    Iraq Approves Kurdish Oil Exports Resumption via Turkey

    Iraq’s move to restart Kurdish oil exports through Turkey reveals the inherent contradiction in OPEC’s strategy: maintaining production discipline while member states pursue competing regional interests. A Complex History of Oil and Autonomy The …

    Source: Middle East 24 - Pending
  • Published on 10:37 GMT

    ExxonMobil considers returning to Iraq, eyes Majnoon field

    US-based oil and gas company ExxonMobil is reportedly looking to re-enter Iraq after an absence of almost two years. The company is moving towards agreements that could open the way to operations in the Majnoon oilfield, reported Bloomberg, citing sources. …

    Source: Offshore Technology - Neutral
  • Published on 10:37 GMT

    Oil Climbs as US Product Stockpiles Drop and Equities Advance

    Pumping jacks works in an oil field. Photographer: Martin Divisek/Bloomberg (Bloomberg) -- Oil rose after a government report showed a decline in domestic product stockpiles, while strength in broader markets supported crude prices. West Texas …

    Source: Yahoo Finance - Center-left
  • Published on 10:26 GMT

    At What Point Will OPEC+ Cut?

    At what point will OPEC+ turn to cuts? That was one of the questions Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop asked in a report sent to Rigzone by the SEB team on Tuesday, which focused on the OPEC+ group. “When …

    Source: Rigzone - Neutral
  • Published on 07:49 GMT

    ExxonMobil Mulls Iraq Reentry with Majnoon Deal

    Exxon Mobil Corp. is considering re-entering Iraq after a nearly two-year hiatus by signing agreements that would lay the groundwork to explore the country's giant Majnoon field.  The Texas oil major plans to sign a heads of agreement with Basra Oil Co …

    Source: Rigzone - Neutral
  • Published on 03:15 GMT

    Crude Prices Push Higher After OPEC+ Agrees to a Modest Production Hike

    November WTI crude oil (CLX25) today is up +0.80 (+1.31%), and November RBOB gasoline (RBX25) is up +0.0400 (+2.15%). Crude oil and gasoline prices are rising today after OPEC+ agreed to a smaller-than-expected increase in its crude production levels.   …

    Source: Yahoo Finance - Center-left
  • Published on 02:51 GMT

    OPEC+ Nears Its Limit, Leaving Prices One Crisis Away from a Spike

    The OPEC+ group continues to return modest volumes of supply to the market, cautious not to sink oil prices as demand weakens after the summer. The production hikes are estimated to be lower than the headline figures suggest—some producers lack the …

    Source: Oil Price - Neutral
  • Published on Oct 7, 2025

    China and India drive surge in Iraq’s September oil exports

    2025-10-07T12:45:56+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Asian markets led Iraq’s seaborne crude oil exports in September 2025, with China, India, and South Korea taking the largest shares. According to official data, China imported …

    Source: Shafaq News - Indeterminate
  • Published on Oct 7, 2025

    Oil Majors Brace for Dividend Drought as Sub-$70 Crude Bites

    Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors - Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are …

    Source: Oil Price - Neutral
  • Published on Oct 7, 2025

    As oil glut fears mount, OPEC+ restrains output rises for now

    By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC supply also rises while fuel demand …

    Source: WHTC - Michigan - Pending
  • Published on Oct 7, 2025

    BMI Believes OPEC+ Will Remain Responsive to Price Shifts

    In a BMI report sent to Rigzone by the Fitch Group recently, BMI analysts said they believe OPEC+ “will remain responsive to shifts in the oil price”. “The group is in the process of returning a 1.65 million barrel per day tranche of cuts to the market, …

    Source: Rigzone - Neutral
  • Published on Oct 6, 2025

    Surging OPEC+ oil output leaves market with shrinking shock absorbers: Bousso

    (The opinions expressed here are those of the author, a columnist for Reuters.) LONDON - OPEC+'s continued oil output increases are eroding the group's spare production capacity, a vital cushion that has helped to mitigate volatility in recent …

    Source: Zawya - Indeterminate
  • Published on Oct 7, 2025

    Oil Prices Rise Amid Balancing Act Between Demand And Supply Concerns

    Crude oil prices in the global commodity market continued to rise modestly as traders assessed the tug-of-war between demand prospects and supply challenges amid the ongoing U.S. government shutdown. Investors’ sentiment improved following the World Bank’s …

    Source: Biz Watch Nigeria - Indeterminate

05 days 05:37:39

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  • Published on October 5, 2025 - 17:13 GMT

    OPEC+ Set to Boost Oil Production in November

    (MENAFN) The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on Sunday that they will increase oil production by 137,000 barrels per day (bpd) for November. This move follows a similar …

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