New york: Oil prices rose after the Federal Reserve expressed openness to cutting interest rates in September, offsetting the negative effects of expectations of a supply glut. West Texas Intermediate crude rose to settle above $63 a barrel on Friday …
Basra: Basra Heavy and Medium crude oils ended the week higher, recording new gains for the second week in a row. Basra Heavy crude closed yesterday, Friday, up 81 cents, reaching $66.36 per barrel, recording weekly gains of $1.04, or 1.59%.
Accordin…
Beirut: Lebanese Minister of Labor, Mohammad Haidar, announced on Friday that Iraq has decided to grant Lebanon 300,000 tons of wheat, to be delivered in successive shipments.
According to National Iraqi News Agency, Haidar described his recent visi…
Baghdad: The National Oil Marketing Company (SOMO) emphasized the significance of the upcoming Baghdad International Energy Forum as a crucial event in showcasing Iraq’s global position in the energy sector. During a meeting with Abbas Al-Amiri, Chair…