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Iraqi oil field worker in Basra
June 25th, 2026 - 12:14 GMT
P. Choiaqo

P. Choiaqo

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard. “Saudi Arabia and ​other OPEC allies should treat this matter with the utmost seriousness. Failing that, Iraq will be compelled to consider all available options,” a senior Iraqi oil ⁠ministry official told Reuters. Iraq’s economy ...
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Saudi SABIC Posts Second Quarterly Loss Due to Low Oil Prices, Slump in Demand
May 5th, 2020 - 09:00 GMT

Saudi SABIC Posts Second Quarterly Loss Due to Low Oil Prices, Slump in Demand

Iran: Parliament Passes Bill to Slash Four Zeroes Off Deteriorating Currency
May 5th, 2020 - 08:30 GMT

Iran: Parliament Passes Bill to Slash Four Zeroes Off Deteriorating Currency

Dubai Expo 2020 Delayed to October 2021
May 5th, 2020 - 08:00 GMT

Dubai Expo 2020 Delayed to October 2021

India: Sensex Soars by 500 Points, Nifty Climbs to 9,450
May 5th, 2020 - 07:30 GMT

India: Sensex Soars by 500 Points, Nifty Climbs to 9,450

Saudi Central Bank Reiterates Commitment to Riyals-Dollar Peg
May 5th, 2020 - 07:15 GMT

Saudi Central Bank Reiterates Commitment to Riyals-Dollar Peg

Smart Apps That Will Help You Avoid Wasting Food During Ramadan
May 4th, 2020 - 03:00 GMT

6 Smart Apps That Will Help You Avoid Wasting Food During Ramadan

Global Markets Round-up: Stocks Plummet As US-China Tensions Flare Again
May 4th, 2020 - 12:30 GMT

Global Markets Round-up: Stocks Plummet As US-China Tensions Flare Again

Easyjet Founder Warns Stakes Could Go Down The Drain Unless Shareholders Support His Campaign
May 4th, 2020 - 12:00 GMT

Easyjet Founder Warns Stakes Could Go Down The Drain Unless Shareholders Support His Campaign

Asia: COVID-19 Freezes Global Production, Hit Demand
May 4th, 2020 - 11:30 GMT

Asia: COVID-19 Freezes Global Production, Hit Demand

Rystad: Oil Glut to Halve to 13.6 Million bpd in May
May 4th, 2020 - 11:00 GMT

Rystad: Oil Glut to Halve to 13.6 Million bpd in May

Turkey Ranks Second In Business Fraud Index
May 4th, 2020 - 10:30 GMT

Turkey Ranks Second In Business Fraud Index

Middle East: Easing COVID-19 Restrictions to Reopen Economies
May 4th, 2020 - 10:00 GMT

Middle East: Easing COVID-19 Restrictions to Reopen Economies

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