Rumaila, the biggest oilfield in Iraq capable of pumping about 1.5 million barrels per day (bpd), has seen its oil production cut by 300,000 bpd since a fire broke out at the huge field last week, an ...

Oil declined amid risk-off sentiment in wider markets and a solidifying consensus that the Trump administration’s trade and foreign policy will rely more heavily on tariffs than on supply-constricting ...

Oil futures fell on fears of reduced demand due to China's AI breakthrough and Trump's tariff threats, impacting energy markets and equities.

Meanwhile, output at Iraq’s giant Rumaila oil field remains reduced by about 300,000 barrels a day after a fire last week, an official said. That was partly offset by rising production in ...

Iran's loss of influence in Lebanon and Syria has helped to spark a shift in attitude among Arab leaders.

ERBIL – Iraq’s oil production has dropped by 300,000 barrels per day following a fire at the Rumaila oil field in Basra Governorate, a key site responsible for nearly 40% of the country’s total output ...

Rumaila oilfield has seen a daily production decline of almost 300,000 barrels, which helps Baghdad fulfill its commitments ...