crude oil

Oil prices have surged to multi-year highs as tensions in the Middle East continue to disrupt global supply and boost demand concerns. On Monday, U.S. crude (WTI) rose above $105 per barrel, while Brent crude climbed past $110 per barrel, marking levels not seen in several years. Analysts ...

Iraq Says Oil Exports Can Recover Fast

Basra, Iraq: Iraq could quickly restore its oil exports if the ongoing Iran war ends and the Strait of Hormuz reopens, according to a senior oil official. The head of the state run Basra Oil Company said exports could reach around 3.4 million barrels per day within a week if the situation ...

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