Basra: Basra Heavy and Medium crude oils suffered significant weekly losses exceeding 7%. Basra Heavy crude oil closed in its last session, Friday, up $1.25 to $59.92, but recorded a weekly loss of $4.59, equivalent to 7.12%. Basra Medium crude oil al…
London: Gas prices in Europe witnessed a rise after China announced it was studying the possibility of conducting trade talks with the United States, which led to momentum in global markets. Dutch futures contracts, the European gas price benchmark, r…
Baghdad: Oil prices experienced a significant drop, marking their largest weekly loss since late March. The decline is attributed to caution among traders ahead of an upcoming OPEC+ meeting, where production policy for June will be decided.
Accordin…
