The Basra Oil Company, Iraq's largest oil company, announced on Tuesday a 100 per cent reduction in crude oil production at the Rumaila field, ef ...

International oil corporations have evacuated scores of foreign personnel from southern Iraq to Kuwait as security concerns grew.

BP (LSE:BP) has evacuated foreign staff from Iraq's Rumaila oilfield after unidentified drones landed in the area. The move follows rising regional tensions and recent drone incidents affecting energy ...

Iraq started shutting oil production at its biggest fields and is set to make even deeper reductions in the coming days, the clearest sign yet of stress on Middle East producer giants from the closure ...

BP PLC (NYSE:BP) is among the 10 most undervalued stocks to buy and hold for 10 years. On March 5, three Iraqi oil industry ...

Brent crude oil futures jumped Tuesday to their best settlement since January 2025, after Iraq cut its oil production ‌by nearly 1.5M bbl/day - which could widen to more than 3M bbl/day in the coming ...

Oil surged for a second day as the US and Israel stepped up their war against Iran, with the sprawling conflict’s impact on energy assets in the Persian Gulf deepening. US oil futures surged as much ...

ISTANBUL, March 9 (Bernama-Anadolu) -- Iraq’s oil production has dropped by nearly 60 per cent as the US-Israeli war on Iran entered its ninth day, Anadolu Ajansi reported, citing an Iraqi official on ...

"We are taking all necessary steps to ⁠support our partners and ensure the safety ​of our people," a BP spokesperson told ...

Oil prices shatter $100 barrier as Tehran warns US-linked energy assets are now “targets” following the precision strike on ...

TUNIS, March 3. /TASS/. Iraq has suspended oil production at Rumaila, the largest oilfield in the country located in South Iraq, Shafaq News reported, citing a source. "Oil production at all wells of ...