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The Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies, together known as OPEC+, are monitoring whether oil markets are balanced…
UPDATE 2-Iraq considering buying Exxon stake in West Qurna 1 oilfield - oil minister Reuters 2 hrs ago By Ahmed Rasheed BAGHDAD, May 3 (Reuters) - Iraq is considering buying ExxonMobil's stake in the southern West Qurna 1 oilfield through the state-owned Basra Oil Company, the country's oil minister said on Monday. The oil ministry is discussing BOC "taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon," Ihsan Abdul Jabbar told a news conference, referring to the huge Majnoon oilfield in Iraq's south. Iraq said last month that ExxonMobil was ...