Tag / Iraq



Saudi Arabia, Allied Producers Announce Steep Oil Output Cuts; $110 Price Potential

Saudi Arabia, Allied Producers Announce Steep Oil Output Cuts; $110 Price Potential

Saudi Arabia said Sunday it would further scale back crude production by 500,000 b/d from May through the end of the year, leading a broader OPEC-plus effort to curb supplies and bolster prices. In total, the Saudi energy ministry said the group of producer countries would cut more than 1 million b/d. This would come…

April 3, 2023

Crude Oil Rally May Have Staying Power as Iraqi Attacks Stoke Supply Fears

Fears of escalation in the Middle East following a U.S. attack in Iraq early Friday, which killed a high ranking Iranian military leader, could support a sustained move higher for crude oil prices, which jumped 4% on Friday.

January 3, 2020

Global LNG Market Not Immune to Escalating U.S., Iran Tensions

Some oil-linked liquefied natural gas (LNG) prices were poised to increase after a U.S. airstrike in Iraq killed a top Iranian general and sent crude prices higher on Friday.

January 3, 2020

North Dakota Passes Production Milestone

North Dakota passed another oil production milestone in November, averaging more than a half-million b/d, according to preliminary data released Tuesday by the state Industrial Commission.

January 12, 2012


Wyoming Gov. Matt Mead named a new Wyoming State Geologist, Tom Drean, formerly ConocoPhillips’ president for Iraq. Drean will serve on the Wyoming Oil and Gas Conservation Commission and the Wyoming Board of Professional Geologists. The state geologist leads the Wyoming State Geological Survey. Drean worked for ConocoPhillips for more than 26 years, serving in various areas of the world. He replaces Wallace Ulrich.

December 19, 2011