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 ...

Crude oil futures fell alongside equities Monday on fears that a U.S. electricity boom could be stymied by an apparent breakthrough by Chinese startup DeepSeek in producing artificial intelligence ...

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 ...