Latest news with #Basrah
Bloomberg
23-06-2025
- Business
- Bloomberg
Oil Majors Scale Back Iraq Personnel as Mideast Tensions Rise
BP Plc, TotalEnergies SE and Eni SpA have reduced staff at oil fields in Iraq as a precaution, as tensions escalate in the region. The temporary move by the three European oil majors has not impacted production, according to a statement from the Basrah Oil Co., the state-owned oil and gas operator in the area. The companies work on some of Iraq's largest production assets.
Shafaq News
14-06-2025
- Business
- Shafaq News
Basrah crudes post weekly gains
Shafaq News/ Basrah crude oil benchmarks logged strong weekly gains, following a global rally in oil prices. Basrah Heavy closed Friday's session up $4.34 at $70.07, recording a weekly rise of $8.24, or 13.33%. Basrah Medium also advanced, gaining $3.34 to settle at $72.87, with a weekly increase of $8.19, or 12.66%. Brent crude futures ended at $74.23 a barrel, up $4.87, or 7.02%, after briefly jumping over 13% to an intraday high of $78.50 — the strongest level since January 27. Brent was up 12.5% on the week.
Shafaq News
12-06-2025
- Business
- Shafaq News
Basrah crudes drop with global downturn
Shafaq News/ Basrah crude oil prices edged lower on Thursday, tracking a global decline in oil markets. Basrah Heavy crude fell by 0.27% to $63.56 per barrel, while Basrah Medium dropped by 0.24% to $66.36 per barrel. Brent crude futures fell 49 cents, or 0.7%, to $69.28 a barrel. West Texas Intermediate (WTI) crude futures dropped 41 cents, or 0.6%, to $67.74.
Shafaq News
05-05-2025
- Business
- Shafaq News
Basrah crude prices fall as global oil markets decline
Shafaq News/ Basrah crude prices fell on Monday, following a global decline in oil markets. Basrah Heavy crude dropped by $1.79, or 2.34%, to settle at $60.12 per barrel, while Basrah Medium crude declined by the same amount, reaching $63.57 per barrel. At 22:40 GMT, Brent crude fell by $2.04 to $59.25 per barrel, while US West Texas Intermediate (WTI) crude dropped $2.10 to $56.19 per barrel.
Shafaq News
29-04-2025
- Business
- Shafaq News
Basrah crudes drop with global decline
Shafaq News/ Basrah crude oil prices edged lower on Tuesday, tracking a global decline in oil markets. Basrah Heavy crude fell by 22 cents to $64.29 per barrel, while Basrah Medium dropped by 22 cents to $67.44 per barrel. Brent crude futures slipped 51 cents, or 0.8%, to $65.35 per barrel by 06:35 GMT. US West Texas Intermediate (WTI) crude futures fell 50 cents, or 0.8%, to $61.55 a barrel.
