Crude oil articles
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Crude oil futures decline on low demand
Crude oil futures decline on low demand. NEW DELHI: Crude oil futures on Wednesday declined 1.01 per cent to Rs 6,748 per barrel as participants trimmed...
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Iraq ranks 5th in crude oil exporting countries
Baghdad (IraqiNews.com) – Iraq, the world’s fifth-largest oil producer, continues to have a key place in the oil export industry. This makes Iraq the second-largest Middle Eastern exporter, with oil revenues predicted to have reached $111 billion in 2022, accounting for 7.62% of total exports. Iraq’s oil reserves remain a critical resource for its economy,
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Kuwait ranks seventh in crude oil exporting countries
KUWAIT CITY, April 13: Crude oil is indeed a cornerstone of the global economy, serving as a vital raw material for various industries, reports Al- Anba daily. Following is the list of top oil exporting countries and their significant contributions to the global oil trade: Saudi Arabia -- Reigning at the top of the list, Saudi Arabia exported $236 billion worth of oil in 2022, comprising 16.2% of global oil exports. With vast reserves and substantial production capabilities, Saudi Arabia plays a...