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…
Articles from Iraq
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.
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.
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.