Tag Archives: Oil

Oil climbs ahead of OPEC+ meeting next week

Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy loomed over the market. Brent crude futures were up $1.59, or 1.7%, to $93.95 a barrel by 11:19 a.m. …

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MP launches legal action to halt Basra-Aqaba pipeline project

Lawmaker Hanan al-Fatlawi started legal action against Mustafa al-Kadhimi’s caretaker government seeking an injunction to halt the implementation of the Basra-Aqaba oil pipeline. According to the transcript of the legal proceeding filed by al-Fatlawi, the lawmaker challenged the constitutionality of the cabinet decree upon which Prime Minister Mustafa al-Kadhimi authorized …

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