OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future?They may well opt ...

This marks a significant step towards resolving the nearly two-year dispute that disrupted crude flows between Baghdad and ...

U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran.

The law of supply and demand is the most basic insight in economics. When there's more of a good available for sale than ...