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Iraq's electricity ministry says the Arab country still needs to import natural gas from Iran because its plan to locally provide fuel for its power plants has not been completed yet.
A spokesman for the Iraqi Ministry of Electricity says his country is ready to pay back its debt for imports of gas and electricity to Iran.
Investegate announcements from Hurricane Energy PLC, Half-year Results & Operational & Financial update
By Sonali Paul MELBOURNE (Reuters) - Oil prices rose on Friday, heading for a fifth straight week of gains, with demand growth seen outstripping supply on bets that OPEC+ producers will be cautious in returning more output to the market from August. U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $73.38 a barrel at 0216 GMT, headed for a 2.4% gain for the week. Brent crude futures climbed 7 cents, or 0.1%, to $75.63 a barrel, headed for a 2.9% jump for the week. Both benchmark contracts hit their highest since October 2018 on Thursday. All eyes are on the Orga...
Read more about Oil prices retreat, but heads for third weekly rise on demand recovery on Business Standard. Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday