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Iraq has reduced oil exports amid rising domestic demand

Iraq has reduced oil exports this month due to growing domestic demand. In an interview with Bloomberg, said Deputy oil Minister Fayyad of the country, NIMA. According to him, exports in may kept at around 3.3 million barrels per day, which is 0.06 million lower compared with April, according to …

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The price of oil fell amid a strengthening dollar

On Friday morning the price of oil fell under the influence of a strengthening dollar. At 8:10 am the cost of July futures for North sea petroleum mix of mark Brent decreased 0.52 per cent to 47.83 per barrel. June futures for WTI crude oil became cheaper by 0.73 percent …

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Oil retreated amid uncertainty over plans to freeze production

World oil prices in the course of trading on Tuesday continued to decline against the background of uncertainty regarding plans of oil-producing countries to freeze the production and determination of Iran to increase production. May futures for Brent crude on London’s ICE Futures exchange to 7.50 Moscow time has fallen …

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