BAGHDAD (Reuters) -Lukoil has declared force majeure at Iraq's giant West Qurna-2 oilfield, four sources with knowledge of ...

The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company.

Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its ...

Iraq has cancelled the loading of three crude oil cargoes from Lukoil in November, two market sources told Reuters on Tuesday ...

Oil prices rose on Tuesday due to the impact of the latest U.S. sanctions on Russian oil, although oversupply concerns ...

BAGHDAD — Drones targeted oil fields in Iraq’s semi-autonomous northern Kurdish region Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of ...

BAGHDAD — Iraq will resume exporting oil from the country's northern, semiautonomous Kurdish region through Turkey’s Ceyhan port after exports had been halted for more than two years, officials said ...

The rise in Middle East crude demand comes as many Indian refiners pause purchases from Russia due to tightening Western ...

The oil dispute between Baghdad and the Kurdistan Region of Iraq (KRI) is fundamentally about sovereignty, not oil. Iraq’s Federal Supreme Court and the proposed Unified Oil Law have cemented ...

Iraq's oil embargo on exports from the semi-autonomous KRG is almost 2 years old. Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

Oil prices fluctuate as rising supply is expected to surpass demand. Learn about current trends in the oil market.