By John Lee. Oil output at Iraq's Rumaila oilfield is reportedly down by 300,000 barrels-per-day (bpd) following a fire last week. The fire is said to have occurred in a decommissioned storage tank at ...

Oil futures fell on fears of reduced demand due to China's AI breakthrough and Trump's tariff threats, impacting energy markets and equities.

Oil declined amid risk-off sentiment in wider markets and a solidifying consensus that the Trump administration’s trade and foreign policy will rely more heavily on tariffs than on supply-constricting ...

Rumaila oilfield has seen a daily production decline of almost 300,000 barrels, which helps Baghdad fulfill its commitments ...

Rumaila, the biggest oilfield in Iraq capable of pumping about 1.5 million barrels per day (bpd), has seen its oil production cut by 300,000 bpd since a fire broke out at the huge field last week, an ...

The oil production at Iraq's Rumaila field continues to be reduced by 300,000 barrels per day following a fire incident last ...